E-commerce news and archive

Temu under scrutiny: EU investigates potential digital law breaches

The Chinese online marketplace Temu is in breach of European digital law, according to an analysis by EU Commission experts. A preliminary assessment by the Brussels authority revealed a high risk for EU consumers encountering illegal products on the platform. The EU Commission stated that, under the Digital Services Act (DSA), Temu is obligated...

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Brunello Cucinelli: Revenue up 10.2 percent in first half

Brunello Cucinelli Spa has reviewed the preliminary revenue figures for the first six months of the year. Revenues totalled 684 million euros. This represents a 10.2 percent increase at current exchange rates (10.7 percent at constant exchange rates) compared to the first half of 2024. Across geographical areas, the Americas saw an 8.7 percent...

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Competition authorities give green light: Zalando on the verge of acquiring About You

The Berlin-based online retailer Zalando SE is set to complete its acquisition of competitor About You Holding SE in a matter of days. The e-commerce specialist announced on Tuesday evening that the European Commission had granted "final regulatory approval" for the planned merger of the two companies. Zalando emphasised that "all closing...

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Emperia raises 10 million dollars to back virtual retail solutions

Virtual retail developer Emperia has secured 10 million dollars in a Series A funding round to back and grow the capabilities of its virtual retail platform and develop ‘metaverse e-commerce’ in new international markets. The round, which was led by Base10 Partners, will be used to grow the company’s team and “supercharge” its virtual store SaaS...

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Bonsai raises 21 million dollars to bring commerce to publishers

Commerce solution firm Bonsai has announced it has raised 21 million dollars in Series A funding to expand on its checkout technology across the internet. Its solution allows publishers and merchants to sell products at the point of discovery through on-site carts that are available via affiliate links on media outlets. In turn, publishers are...

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Retail

A new trading platform hopes to help indies recover from pandemic

The British Independent Retailers Association (Bira) has launched a new platform that hopes to aid independent retailers in their pandemic recovery. Set to launch for customers in February 2022, Neartoo will act as a national trading platform to provide retailers with a new way of selling online, with the goal of helping them to build their...

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Fashion and apparel are Europe's most popular categories for online shopping

In most European countries, fashion and apparel was the main product segment for online shopping in 2020, according to the annual Europe Clothing B2C E-Commerce Market 2021 by Research and Markets. When it came to online shopping in most European countries, consumer choices focused on the fashion and apparel sector. In the United Kingdom,...

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Retail|Interview

Simple steps for e-commerce brands to accelerate global growth

A recent survey conducted by Flow Commerce, a company which facilitates e-commerce brands to expand into international markets, revealed that across the 8 top global markets, 76 percent of online consumers said they have placed an order on a site outside their own country, with Gen Z shoppers skewing even higher. Apparel and accessories were the...

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AAFA flags extensive counterfeit concerns on social media in notorious markets submission

AAFA submitted comments to the Office of the United States Trade Representative recommending platforms and marketplaces – including Facebook and Instagram – for Notorious Market designations. The American Apparel & Footwear Association cited significant increases in the availability of counterfeit products via social media in its submission for...

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The true cost of online shopping, EU to see 35 billion euros in reduced profits

Covid-19 has profoundly impacted retail industries across Europe. The enforcement of store closures, social distancing measures and heightened anxieties over viral transmission has elevated ‘digital’ to new heights across the entire customer journey, according to a report by Alvarez & Marsal (A&M), a leading global professional services firm...

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Fashion Friday: COVID-19 drives digitalisation of fashion brands in Eastern Europe

This month’s Fashion Friday podcast series by Euromonitor International analyses the impact of digitalisation of fashion brands in Eastern Europe. Euromonitor International · Fashion Friday: Accelerating the Digitalisation of Fashion Brands in Eastern Europe Digitalisation became a part of Eastern European fashion brands’ strategy a few years...

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Retail

Digital commerce to exceed 11.6 trillion dollars in 2021

Soaring growth in online sales show e-commerce spending is set to rise 11.5 percent this year to 11.6 trillion dollars. New findings from Juniper Research highlight the success of digital solutions during the pandemic spurring consumer behaviour will become increasingly digitally led, rather than reverting to pre-pandemic norms. The research...