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.

Food delivery workers are striking today from 5:30 to 10:00 p.m. during Austria's Euro match against France. They demand an 8.7% wage increase, but employers only offer 5.8%. Lieferando and Foodora foresee minimal impact.

Amazon plans to invest $10B in Germany, focusing on AWS and logistics. The company aims to grow its workforce to 40,000 by 2024, reinforcing Germany as a key market. Recent investments include a $8.8B AWS expansion in the Rhine-Main area.

Walmart CFO John David Rainey states that Walmart+ members are making more frequent and smaller orders. This trend has driven Walmart's revenue up by 6% to $161.5B, with a 21% growth in e-commerce sales. Walmart aims to surpass Amazon in e-commerce dominance.

Otto's fee changes effective August 1: basic fees up from $43.30 to $108, commissions up by 1-8%, hardware sales fees increased from 7% to 13%. Fee adjustments announced for October, sustainable products to see reduced commissions.

The Wasoko-MaxAB merger, announced in December, is delayed due to economic headwinds. Initial completion was expected in Q1 2024. Issues include extended due diligence and currency devaluation in Egypt.

Uber Eats has helped Puerto Rican restaurants increase sales by up to 50% since its debut in 2018. Over 11 million orders have been placed, and 65% of its 1,700 partners are SMEs. This growth was crucial during the pandemic.

Picnic, the Dutch online supermarket, reached its first gross profit since 2015. CEO Michiel Muller credits robotisation, with order processing becoming twice as efficient. However, he warns that net profits aren't expected soon due to ongoing investments.

British supermarket Tesco saw a 3.6% rise in non-food sales, driven by strong clothing sales. CEO Ken Murphy highlights easing inflation and market share growth. Tesco expects an operating profit of £2.8B for the 2024/25 financial year.

Shein increased prices by 28% on average for dresses in the U.S. This move is part of their strategy to boost revenue ahead of their IPO. External brands like Skechers are also driving higher prices.

Walmart plans to reach e-commerce profitability in the U.S. within two years, as announced on June 7. Sam's Club has already achieved this milestone. Walmart's e-commerce sales rose 22% last quarter, driving company growth.

ByteDance is in talks to raise up to $800M for Dongchedi from HongShan, KKR, and General Atlantic. HongShan will likely contribute up to $500M. Dongchedi saw 33.6M visits in April, surpassing AutoHome.com.cn's 30M.

Getir is running out of cash and needs new funding within weeks. The company, exiting the UK market, must implement leadership changes to secure tens of millions from investors. Founder Nazim Salur faces pressure to step back, while the company risks losing 1,500 jobs.

eBay will no longer accept American Express cards starting August 17th. The company cites "unacceptably high fees" as the reason. Amex disagrees, noting its fees are comparable to other cards.

Google Pay introduces features like card perks display, BNPL options with Affirm and Zip, and biometric card verification. These updates enhance user experience and make Google Pay a stronger competitor in the digital payments market.

Zomato missed profit estimates with $20.96M in Q4, below the expected $22.5M. Expenses rose nearly 50%, causing shares to dip 4.2%. Revenue from operations jumped 73% to $426.6M, beating estimates.

TPG had its best year in 2023. Gross merchandise volume grew to $770M, and sales hit $480M. The number of partners rose to 5,520, and active customers grew to 4.05M. Profitability improved with adjusted EBITDA at $24.7M and consolidated profit at $29.4M.

MercadoLibre is in talks to get a banking license in Mexico, aiming to enhance its financial services. This move follows the success seen in Brazil, with plans to expand digital banking and credit offerings in Mexico.

Alibaba invested $230M into Lazada, totaling $7.7B since 2016. This is its first investment this year. In 2023, Alibaba invested $1.8B. The investment supports Lazada’s low-cost strategy to compete with Temu and Shein.

Xometry reported a 16% revenue growth in Q1 2024, reaching $123M. Marketplace revenue rose by 24%, driven by a 32% increase in active buyers. Gross profit increased by 22%, while supplier services revenue declined.

Esprit, present in over 40 countries, files for insolvency in Germany affecting 1,500 jobs. High rent, labor, and energy costs, alongside pandemic after-effects and international conflicts, cited as reasons.

Ukraine’s Minister of Economy canceled a directive exempting employees of six companies, including Glovo and Favbet, from military mobilization. The directive was questioned for its fairness. The debate highlighted tensions between national security and economic stability.

Getir partners with Türkiye Wealth Fund, hinting at future collaborations. The company recently exited international markets, refocusing on Türkiye where it sees the most growth potential.

Getir, once valued at $11.8B, exits UK, Germany, Netherlands. Suppliers claim unpaid bills, with one alleging a $190K deficit. Getir to focus on Turkey after international demand drops. 1,500 UK jobs at risk.

Shein's promise to improve conditions remains unfulfilled. Workers still face 75-hour weeks and low wages. Audits reveal persistent issues, raising questions about Shein's commitment to change.

Swiggy files for a $1.2B IPO with SEBI. The Bengaluru startup, valued at $12.7B, aims to raise ₹10,414 crore, awaiting SEBI's approval. The IPO will include new shares worth ₹3,750 crore and a stake sale by investors.

Mytheresa's Q3 sales grew by 17.6%, reaching $251.5M. GMV increased by 14.7% to $271.2M. EBITDA soared by 183.8%, and losses were reduced by 41.7%. The CEO highlighted their strong performance in a challenging market.

Walmart is cutting hundreds of corporate jobs and asking remote workers to return to office locations, as per a memo. Affected offices include Dallas, Atlanta, and Toronto, with relocations to Bentonville, Hoboken, and Southern California. The company promises support for impacted associates.

Reuse, founded in 2018, partners with big brands to sell refurbished electronics in LATAM. It just raised $4.5M led by Seaya Cathay Latam, aiming for growth in Mexico.

Software company BigCommerce is exploring a sale with help from Qatalyst Partners after a significant drop in market value. The company's strategic shift follows competitive pressures, especially from Shopify.

On May 8, 2024, Shopify announced a surprising $273M loss for Q1, despite a 23% rise in revenue to $1.9B. After selling its logistics unit to Flexport in 2023, it now expects a decrease in margins. Shares fell 20%, wiping $20B off its market value.

Allbirds' revenue fell 28% in Q1, totaling $39.3M. Joe Vernachio, the new CEO, addresses urgent restructuring as the company anticipates a 25% sales drop throughout the year.