Shein is exploring warehouse sites in the UK's Midlands ahead of its expected $63B London IPO. The fashion giant seeks locations of up to 600K sq ft, focusing on sites ready for e-commerce operations. This move ties to its future growth plans.

Alibaba’s June quarter revenue grew 4% to $34B, below expectations, with profits dropping 29% to $3.3B. The company is focusing on boosting e-commerce and cloud services amid economic challenges. CEO Eddie Wu is optimistic about future growth.

Lazada, Alibaba’s Southeast Asian e-commerce unit, reported its first positive Ebitda in July 2024. This milestone reflects successful cost management and strategic investments. Despite tough competition, Lazada’s growth in Southeast Asia is a promising sign for Alibaba's global expansion.

bValue, a Polish private equity firm, raised $99M for its third fund, focusing on software, IT services, and e-commerce in CEE. The firm plans to invest $5M to $16M per project by 2027, targeting 8-12 firms, including Romania's Rayscape.

Jumia seeks to raise $100M via share sales as its stock drops to $4.90. CEO Dufay aims to expand logistics and invest in technology to grow the 2M customer base and improve liquidity. The e-commerce platform faces currency challenges in key markets.

India’s largest conglomerate, Reliance, slashed over 42,000 jobs, reducing its workforce by 11% in the fiscal year ending March 2024. The company hired only 171,000 new employees, down from 263,000 a year earlier, signaling a shift in strategy as its revenue growth slowed.

Stripe launches Adaptive Pricing, enabling merchants in 50+ countries to offer local currency options, boosting cross-border revenue by 17.8%. With 90% of shoppers preferring to check out in their local currency, businesses can increase global sales.

Instacart's Q2 earnings surged by 15%, hitting $823M, driven by increased grocery orders. The company is forecasting up to $8.25B in Q3 sales. CEO Fidji Simo emphasizes strategic long-term investments and rising demand from CPG companies.

Deliveroo, backed by Amazon, reported a $1.65M profit for H1 2024, marking its first-ever profit. This marks a significant recovery from a $105.1M loss last year. Consumer demand rose, driving a 10% stock surge to $1.80 per share.

Coupang's Q2 2024 results show a $105M net loss, a sharp decline from last year's $145M profit. This downturn was caused by Farfetch's $108M loss and a $121M fine for illegal search manipulation, hitting Coupang hard.

The UK Competition and Markets Authority (CMA) is investigating Amazon's $4B investment in Anthropic, an AI startup. The probe comes after similar inquiries into Google and Microsoft, signaling rising concerns over Big Tech's market influence in AI.

Douyin E-commerce's GMV reached $193B in H1 2024, missing the $206.7B target. Growth rate dipped below 30% due to low-price strategies. Merchant retention fell to 59%, impacting advertising growth. White-label products now 40% of GMV, aiming for 46% by year-end.

Just Eat Takeaway launches a €150M share buyback programme starting 31 July 2024, ending by 31 March 2025. H1 2024 shows a 3% GTV growth, €2.6B revenue, and €301M net loss. Adjusted EBITDA rose 42% to €203M.

Adidas increased its marketing spend by 15% to $781M in Q2 2024. This boosted brand momentum and improved sales. Footwear revenue rose 17%, and overall revenues for the first half of 2024 increased 6% to $12.5B.

Prada Group reported a 17% rise in sales, reaching €2.55B in H1 2024. Miu Miu sales soared by 93%, while Prada's sales grew by 6%. The group saw growth in all major markets, with Japan leading at 55%. ESG initiatives also progressed.

Amazon is acquiring Axio for $150-175 million. This move aims to enhance its BNPL service for Amazon Pay. Amazon already owns 8% of Axio. The e-commerce giant plans to boost its financial services in India. Axio's revenue grew 2x to Rs 220 crore in FY23.

Qoo10’s CEO, Young-bae Ku, pledges $58M of his personal assets to compensate Korean merchants impacted by the company's liquidity crisis. The South Korean government will provide an additional $400M in financial support to the affected vendors.

Pitney Bowes sold its e-commerce fulfillment services to Stord. The deal, confirmed Friday, followed a memo to Pitney Bowes staff. The company is still reviewing its Global E-commerce business, pressured by Hestia Capital Management.

ShipBob plans to launch an IPO in late 2024, targeting a $4B valuation. J.P. Morgan Chase and Citigroup will lead the IPO. ShipBob operates over 50 fulfillment centers globally and recently added Adam DeWitt to its board.

Klarna has integrated its bank-to-bank service Sofort into Klarna Payments, enhancing security and convenience for users. This merger allows Sofortüberweisung to be part of the 'Pay Now' product, improving the global payment experience.

Qoo10's Korean units, TMON and WeMakePrice, are under investigation for delaying $123M in payments to 60K merchants. The companies face liquidity issues and halted refunds. Banks stopped loans, and merchants threatened to stop selling on the platforms.

Wayfair UK's profit fell from £2.7M to £2.6M by December 31. Sales declined 17% to £69M. The company laid off 30% of staff, cutting numbers from 847 to 587, part of a $1.4B cost-saving plan. Strategy aims for European growth.

The EU is preparing to fine Meta up to $13.4B for linking Marketplace with Facebook. This decision may come before November as Meta faces accusations of unfair trading practices. CEO Mark Zuckerberg denies the claims.

Amazon India is interested in Swiggy's Instamart for a potential stake or buyout. This move comes as Swiggy prepares for a $1.3B IPO and Amazon works on its quick commerce plans. Discussions are early and complex.

Maurizio D’Arrigo is Vinted’s new CFO. He has 20 years of e-commerce experience, mainly at eBay. CEO Thomas Plantenga praised his multi-market finance expertise. D’Arrigo replaces Vaidas Urba, who stepped down in 2023.

Italian financial police seize €121M from Amazon's Milan branch. Amazon is accused of tax fraud and worker exploitation, using illegal subcontracting schemes. Prosecutors uncovered fake contracts and false documents. Amazon denies wrongdoing.

Zomato and Swiggy have raised their platform fees by 20%, from ₹5 to ₹6, starting July 14. This fee hike applies to Delhi and Bengaluru, with plans to expand to other cities. The increase will help the companies generate an extra ₹1.25-1.5 crore daily.

EssilorLuxottica buys Supreme for $1.5B, less than its worth. Meta may acquire 5% stake for $5B. Both companies already collaborate on smart glasses.

Zalando’s Q1 sales surged 46-48%, reaching $2.7B. The gross merchandise volume increased over 50% to $3.2B. Adjusted earnings projected at $87M, compared to a $99M loss last year. Full results to be published on May 6.

Depop removes its 10% selling fee for US sellers, starting today. Instead, buyers will pay a marketplace fee. This follows a similar change in the UK. The move aims to empower sellers and enhance the buying experience, contributing to the circular fashion system.

European beauty giant Douglas Group raises its sales growth forecast to 8.5% after strong Q3 results, with CEO Sander van der Laan citing significant progress and increased profitability.

eBay’s new Business Cash Advance program offers U.S. sellers up to $1M in working capital within 24 hours. The program, launched with Liberis, features a quick online application and flexible payment schedules.

Farfetch investors have filed a new complaint, alleging the company misled them about financial health. They claim poor integration of acquisitions led to losses. The complaint, filed on June 21, seeks damages for these alleged violations.

About You's Q1 2024/25 saw adjusted EBITDA triple to $15M from $4.2M. Sales grew by 2.2% to $518.3M, significantly improving the margin to 2.9% from 0.8%. Co-CEO Tarek Müller attributes success to efficiency gains and cost control on their 10th anniversary.

eBay announced it will accept Venmo after dropping American Express. Venmo, popular with Gen Z and millennials, has 90M users. The decision follows eBay's split from PayPal in 2021, simplifying transactions for users.

Booking Holdings CEO Glenn Fogel criticizes EU rules allowing hotels to offer lower prices on their sites, calling it a competitive disadvantage. The $135B company might leave the EU due to these regulations.

Delivery Hero's AGM on June 19th showed profits but hid a $2.3B loss for 2023. Sales grew to $9.9B, up 16%, but far below past growth. Investors must dig into reports to see true financials.

Shein and Temu's global success in fast fashion caused a 40% increase in air cargo rates from China in June. The rise in rates is unusual for this time of year and is impacting other businesses needing to ship goods. Prepare for a busy pre-holiday season.

The U.S. secondhand apparel market hit $43B in 2023 and is expected to grow 11% annually through 2028. Despite this, companies like ThredUp and Savers face profitability challenges, with both seeing around a 29% decline in sales this year.

Deliveroo shares surged 6% following news that Doordash discussed a potential takeover. Although talks ended over valuation disagreements, analysts predict new bids. Deliveroo's stock, down 50% since March 2021, is now valued at £2.1B.

Mayd, the Berlin-based medication delivery service, has declared bankruptcy. Founder Hanno Heintzenberg attributes the failure to market challenges and delays in e-prescription implementation. Competitors like Kurando and First A have also exited the market, signaling a broader industry downturn.

Zomato holds a 57% market share in food delivery, surpassing Swiggy. Goldman Sachs reports Zomato's growth outpaced Swiggy's with a 22% YoY GOV increase. Zomato's profitability strengthens its position in the market.

Secondhand retailer Momox achieved record sales of $372M in 2023, a 3.2% increase. The book and media sector grew by 7.7%. The fashion segment expanded to France and partnered with About You. CEO Heiner Kroke highlighted secondhand's resilience.

Frasers Group pitches its credit service, Frasers Plus, to Asos, Boohoo, Currys, and AO. Frasers Plus allows shoppers to pay in three interest-free installments and charges 29.9% APR. Boohoo may soon join. Usage of such services rose during the pandemic.

Flipkart has introduced Super.money, a new payments app that provides real cashback for transactions. Currently in beta on the Play Store, the app uses UPI for mobile payments. The app also plans to include secured cards and lending, partnering with DMI Finance, Axis Bank, and Credit Saison India.

Alibaba denied the rumors of selling its Lazada Thailand unit. They continue to invest in Lazada, spending $7.4B so far. Alibaba is expanding globally amid an economic slowdown at home, with a 60% revenue rise in the International Digital Commerce Group.

KaDeWe, Berlin's luxury department store, is closing its online shop as part of a restructuring plan. The decision affects 26 employees, who will leave by August's end. KaDeWe shifts focus to in-store business under new owner Central Group.

Apple ends its U.S.-only Pay Later feature, launched in March 2023, to integrate Affirm for global installment loans. New loans through Pay Later stopped as of Monday, but existing loans remain manageable via Apple Wallet.

Glovo's Ukrainian services grew 23% compared to pre-war levels. The Spanish company plans more investments, having already invested over €100M in Ukraine. Glovo operates in 37 cities, including new ones in eastern Ukraine. Operations resumed in March 2022 after a brief halt due to the invasion.

Delivery Hero is facing pressure from activist investor Sachem Head to become profitable. CEO Niklas Östberg has been emphasizing profitability, but the company’s stock struggles. Sachem Head, holding 3.6%, pushes for board changes, aiming to replace Östberg. Delivery Hero recently sold its Taiwan business to Uber Eats for €878M, part of ongoing restructuring efforts.