Mytheresa, a leader in luxury e-commerce, reported a 15% growth in GMV in 2023, reaching $932M. It aims for $1B by year-end with a 3.9% EBITDA margin. The U.S. market saw a 42% GMV increase, driven by targeted events and pop-up shops. CEO Kliger sees bright prospects.

TikTok is set to lay off a significant number of employees in its operations and marketing teams worldwide. The layoffs, affecting user support, communications, content, and marketing teams, were announced by senior executives. Approximately 1,000 employees may be impacted.

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.

Zalando is restructuring its management board to enhance B2C and B2B strategies. David Schneider steps into a new role, with David Schröder becoming co-CEO. Changes take effect 1 September 2024, aiming to strengthen market position and customer relationships.

Flipkart's new rate card, effective May 18, reduces fee components from four to two, enhancing clarity for sellers. Shipping policy updates include no extra charges for local shipments under 500 gm. The initiative aims to improve seller operations and customer experience.

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.

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.

Google's Performance Max now aids sellers on platforms like Amazon by driving sales directly through online marketplaces, eliminating the need for individual websites or Merchant Center accounts. This service has launched in beta and is still evolving.

Despite rising food prices, DoorDash has decreased fees by 12% in 2 years, improving order affordability. The company's operational efficiency and better delivery accuracy support these cuts.

Glovo exits Slovenia and Ghana, with final orders on May 10, as part of a restructuring plan. The company also plans to decrease the number of its dark stores, which struggle to be profitable. Currently, Glovo operates in 23 countries.

TikTok is taking legal action against the US government, claiming that a law demanding its sale by January 2025 unfairly targets the platform and threatens to disconnect over 1 billion global users.

Zalando's first-quarter sales of $2.37M mark a minor drop but show promise of recovery with a net loss improvement from $41.4M to $9.6M. Strong B2C and B2B growth highlighted by a 1.3% margin in adjusted EBIT.

Amazon's FBA low-inventory-level fee, introduced to improve inventory health, is now in effect but will be credited back for fees incurred from April 1 to May 14 as part of an extended transition period to assist sellers.

Etsy stock plunged 15% after its earnings report showed a decline in sales. Facing fierce competition from Temu and Shein, Etsy's gross merchandise sales fell by 3.7%, down to $2.99B from an expected $3.03B.

Deliveroo, Just Eat, and Uber Eats, following discussions with UK government officials, are ramping up security checks to prevent illegal workers from exploiting their platforms.

Getir, valued at $12B, is closing its international operations in the U.S., U.K., and Europe, affecting over 6,000 jobs to focus on Turkey, representing just 7% of its revenue.

Walmart to shut down 51 health clinics and its telehealth service due to unsustainable costs and a challenging reimbursement environment, impacting operations in 5 states.

ByteDance stated on Toutiao that rumors of selling TikTok are false. The US law requires sale or ban, but TikTok plans to challenge this. CEO Shou Zi Chew assures users, "We aren't going anywhere."

Amazon discontinues its drone delivery service in Lockeford, CA, shifting focus to a new facility in Tolleson, AZ. The move aligns with its goals to integrate drones into its broader delivery network.

Shopify, founded in 2006, powers 10% of US online sales, aiming for larger clients with expanded services and higher transaction fees.

TikTok has 270 days to decide its fate in the US after President Biden signed a new law. Bytedance, its owner, may contest in court, sell, or shut it down.

Decathlon USA, responding to market changes, closes its last physical stores. The retailer to expand its online presence and partner with giants like Walmart and Target.

Etsy's evolution from a handmade haven to a crowded marketplace has doubled its buyer base but alienated artisans. Recent policy changes and SEO strategies are stirring discontent among long-time sellers.

Morgan Stanley recently adjusted their stance in the US e-commerce sector, upgrading eBay while downgrading Etsy, reflecting shifts in their market predictions and strategic approaches.

Allbirds received a delisting warning as its stock lingered below $1 for 30 days. The footwear company has until Sept. 30 to boost its share price to regain compliance with Nasdaq.

Getir debates leaving Germany as it faces dwindling sales and presence. Urgent restructuring talks in Istanbul could lead to major market exits by May 2024, affecting jobs and operations.

Kaufland adjusts marketplace fees effective April 30, with a notable rise in small household appliances category. Other categories see minor changes.

VAUDE starts its online second-hand shop in Germany, promoting long-term use and reducing environmental impact. Explore high-quality used products at affordable prices.

Amid survival struggles, Superdry announces a delisting plan from the stock market, focusing on restructuring without closing stores.

Dr Martens is taking legal action against Temu for allegedly misusing its trademarks in keyword advertising, a move that underscores the complexities of digital marketing and brand protection.

Zalando has challenged the EU supervisory fee's calculation, seeking clarity on the methodology affecting 47.5 million users, amid broader tech regulations disputes.

Walmart's new service lets customers order 40,000 types of tires online for installation at 2,300 Auto Care Centers nationwide. This move expands Walmart's reach and convenience, offering a seamless, hassle-free auto care solution.

Amazon and Italian state railways launch rail service between Italy and Germany, aiming to cut 9,000 tons of CO2 annually. New rail links support sustainable transport in line with EU goals.

Frasers Group and Next, two major UK-based retailers known for acquiring distressed brands, are reportedly in talks to buy parts of Ted Baker's European operations from administrators at Teneo Advisory.

TikTok's not just for videos anymore! With the new TikTok Notes app, users can soon share photos in a dedicated space, enhancing their creative expression.

CEO Niklas Östberg outlines Delivery Hero's strategy, focusing on grocery delivery's role in 2024 growth and the importance of affordable, quick service.

eBay's new policy removes final value fees for pre-loved clothes, aiming to simplify selling and boost the circular economy. AI-powered listings and eBay Live are set to enhance the user experience.

TikTok plans to launch AI avatars on its platform, potentially challenging the dominance of human influencers. This new feature will allow TikTok Shop sellers and advertisers to generate scripts for virtual influencers to deliver.

With a hefty 10 billion yuan ($1.44B USD) in subsidies, Alibaba's AliExpress aims to boost Chinese brand presence globally, countering rivals like Temu and Shein.

Amazon CEO Andy Jassy commits to further reducing fulfillment costs in 2024, leveraging advanced robotics and optimized delivery networks.

Flip's innovative funding of $144M sets it against e-commerce giants like Amazon and TikTok, banking on user-generated content for a fresh online shopping experience. The move highlights the shift towards more engaging, community-driven platforms.

TikTok Shop’s era of offering deals too good to be true is potentially ending, with seller fees jumping from 2% to 8% by July. This significant hike could lead to higher prices for shoppers, challenging the loyalty to TikTok's ecommerce model.

Google's talks with Morgan Stanley hint at a possible $35B offer for Hubspot. The deal could expand Google's CRM footprint, amid its search for growth avenues and competitive pressures.

With a 38% slice of ecommerce pie by Jan 2024, B&Q's marketplace under Kingfisher eyes global domination, starting with France and Poland expansions. Ecommerce sales have surged to £2.3B, a testament to strategic partnerships and a diversified category spread.

As the Universal Analytics sunset looms in July, Google nudges for a shift to Google Analytics 4. The end of UA could spell disaster for unprepared campaigns, with data deletion and measurement halts.

After navigating bankruptcy, Buybuy Baby, previously under Bed Bath & Beyond, is carving out a niche against giants like Amazon with its expertly curated baby products and omnichannel approach, offering a mix of digital and physical shopping experiences.

Shein's profits hit a new high of $2 billion, doubling its earnings and selling $45 billion in goods. As it expands, facing Temu and IPO challenges, Shein's market strategy evolves beyond fashion.

As consumer spending tightens, Canada Goose, Nike, and Levi, the titans of DTC, navigate layoffs and strategy pivots. A dance between cutting costs and rekindling wholesale relationships unfolds, signaling a rocky DTC path ahead.

Under new CEO Daniel Ervér, H&M Group is reducing prices while aiming for upscale design to boost profitability. With already low prices, the strategy includes revamping stores and making premium fashion more accessible.