E-Commerce – Page 3
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ArticleAlibaba Group reports mixed results for quarter, cloud revenue leading growth
Alibaba’s Q2 shows growth in cloud and AI business, but profitability suffers from the company’s significant investments and market challenges.
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ArticleAmazon losing country chief for India
Manish Tiwary is seeking a new opportunity outside the company, but will remain in his position until October. A successor has not yet been appointed.
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ArticlePuma leaps up 2.1% in sales Q2
Puma recorded a strong Q2 with slight sales growth. One highlight was the Americas region, with sales rising 9.0% (currency-adjusted) to €887.5 million.
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ArticleTikTok Shop coming to Spain and Ireland
The social-media app is expanding its e-commerce in Europe.
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News briefsTemu beginning to compete on Amazon’s territory
Temu has opened its local warehouse program to vendors with corporate entities registered in Europe and to holders of European passports.
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ArticleFootway publishes Q2 report, announces sale of Footway+
As part of the previously announced strategic review, the Board of Directors of Footway Group AB has decided to sell Footway+ with preferential rights for the company’s shareholders.
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News briefsGymshark open up new London flagship store
British multinational sports apparel retailer Gymshark has opened its second flagship store in Stratford.
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News briefs361 Degrees’ e-comm continues to exceed expectations in Q2
Chinese group 361 Degrees Intl.’s retail sales of its key branded products increased by around 10 percent year-on-year in Q2. Meanwhile, retail sales of 361° Kids grew in the mid-teens in the same period, the company said. The e-commerce platform continued to exceed expectations with year-on-year growth of 30 to ...
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ArticleAfter disappointing Q2 report – XXL’s CEO: “We will cut more in 2024”
SGI Europe spoke to XXL’s CEO Freddy Sobin soon after the company released its Q2 report for 2024, which the company called ”disappointing.”
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News briefsPOC launches digital DTC flagship store
POC has launched a flagship DTC online store this June serving 35 countries in four languages and supporting 13 currencies.
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ArticleXXL Q2 sales disappoint, but signs of improvement in Sweden, Norway
XXL ASA reported what it described as a “disappointing” sales performance in the second quarter of 2024. Its top line fell by 8.7 percent to 1,776 million Norwegian kroner (€151.7m), led by a decline in purchases of higher-priced capital-intensive goods, particularly bicycles. Sales were also negatively affected by limited product ...
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News briefsAlibaba.com announces ambassadors for Paris 2024 campaign
Olympic and four-time NBA champion Tony Parker and two other athletes will promote Alibaba.com’s “Same Player, New Game” campaign for the Paris 2024 Olympic Games, the B2B e-commerce platform announced on 10 July. Parker is a two-time Olympian who reached the quarter-finals in men’s basketball with France at the 2016 ...
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ArticleBrussels to close tax loopholes exploited by Chinese marketplaces
The European Union’s plan to impose import duties on low-priced goods could significantly impact fast-fashion giants Shein and Temu. Both companies, known for offering trendy clothing at rock-bottom prices, could face major challenges if the proposed tariffs come into force. Currently, the duty threshold is €150 in the EU and ...
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ArticleFootway transfers e-commerce to new corporate group
Swedish Footway Group AB announced on July 4 that it is separating its e-commerce business as part of a strategic review. The separation is in line with the company’s efforts over the last four years to split e-commerce and platform into separate business areas. The company’s platform has grown significantly ...
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News briefs11teamsports has a new Chief Commercial Officer
Source: 11teamsports Andreas Kohn According to Fashion United, Germany-based football and teamsports e-tailer 11teamsports has appointed Andreas Kohn as the group’s new Chief Commercial Officer on July 1. With over two decades of experience in sales and strategy, Kohn will lead the commercial areas of all 11teamsports ...
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News briefsAmazon reportedly plans to launch Chinese goods discount store
According to the Financial Times, Amazon aims to include a new discount section on its app’s homepage with products from Chinese warehouses that can be delivered to shoppers in nine to 11 days. The news comes as Amazon faces intensifying competition from Chinese e-commerce platforms like Temu and Shein. The ...
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ArticleAI fashion catalog promises to save time and money
A London-headquartered start-up founded in 2022, Truss, is cataloguing the world’s clothes, or at least the share of it produced by fashion houses. As Truss sees things, its product is useful for e-commerce and resale, for fashion brands themselves and for marketplaces, but also for insurers, which require proper appraisals ...
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News briefsCoupang appoints AI specialist to Board of Directors
Source: Coupang Asha Sharma Coupang, Inc., the technology company that acquired the assets of global online luxury company Farfetch Holdings earlier this year, has appointed Asha Sharma, Corporate Vice President and Head of Product, AI Platform at Microsoft, to the company’s Board of Directors. Prior to joining ...
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ArticleUnisport opens first store in Germany
Unisport, an e-tailer for soccer equipment with a solid social media presence, has opened its first physical store in Germany at Neuhauser Straße 5 in Munich’s city center. Unisport has been operating a successful e-commerce platform in Germany since 2016. “We are delighted to be able to offer our German ...
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News briefsAuthentic Brands announces partnership with Cart.com
Source: Cart.com Cart.com, a provider of unified commerce and logistics solutions, today announced a strategic partnership with Authentic Brands Group. Through the partnership, Cart.com will provide scalable, omni-channel customer support and merchant-of-record services across portions of its portfolio of e-commerce brands. Cart.com’s customer engagement solution creates seamless ...
