British fashion retailer Next has reported robust financial performance, bucking the trend of struggling online peers such as Asos and Boohoo. The company’s strong showing, particularly in the realm of cross-border sales, has driven upward revisions to its profit expectations. Outpacing the Competition While Asos and Boohoo grapple with maintaining online sales, Next has demonstrated […]
Zalando Reports Strong Q2 Performance, Confirms Full-Year Outlook
Online fashion platform Zalando has announced positive financial results for the second quarter of 2024, signaling a recovery from the challenges faced in the previous year. The company reported a revenue increase of 3.4% year-over-year to €2.6 billion, accompanied by a significant boost in profitability. Improved Profitability and Growth Zalando’s Gross Merchandise Value (GMV) also […]
Temu Faces Supply Chain Backlash from Mainland Sellers
The meteoric rise of discount shopping giant Temu has been accompanied by growing concerns about its business practices. Recent reports of protests by mainland suppliers alleging unfavorable platform terms have cast a shadow over the company’s rapid expansion. Supplier Complaints Surface Hundreds of mainland suppliers reportedly staged a protest at Temu’s Guangzhou office, voicing their […]
DMSDrive Inbuilt image hosting distribution solution for DMSMatrix users
We are excited to announce that all active DMS users will have full access to our newly launched service, DMSDrive. DMSDrive is a cloud-based storage and image management solution designed specifically for e-commerce businesses like yours. DMSDrive offers a secure and efficient way to store, organize, and manage your product images and other files. The […]
Boohoo Launches Marketplace to Diversify Revenue Streams
Boohoo, the popular online fashion retailer, is expanding its business model with the launch of a new marketplace platform. The platform, dubbed Boohoo Brands, will feature a curated selection of up to 200 fashion, lifestyle, and beauty labels. The marketplace is powered by Mirakl’s e-commerce software, the same technology that underpins the successful transformation of […]
TikTok Shop Resumes European Expansion with Focus on Ireland and Spain
ByteDance, the parent company of TikTok, is set to reignite its e-commerce expansion plans in Europe with the upcoming launch of TikTok Shop in Ireland and Spain. Following a strategic pause in its European rollout, the company is now gearing up for a phased launch, with Ireland and Spain serving as the initial focus markets. […]
EU to End Import Duty Exemption for Low-Value Goods in 2028
The European Union is set to overhaul its import rules for low-value goods, marking a significant change for both consumers and businesses. The European Parliament has agreed to eliminate the current €150 exemption threshold for import duties, a move aimed at leveling the playing field for European businesses and addressing concerns over tax evasion. The […]
Alibaba Offers Relief to Merchants: Tmall Waives Fees, Taobao Eases Refund Policy
Alibaba Group, the e-commerce giant, has announced significant changes to its platform policies, aimed at providing relief to merchants and fostering a more conducive business environment. Tmall, Alibaba’s platform for established brands and retailers, will waive its annual service fee, while Taobao, the consumer-to-consumer marketplace, is relaxing its strict refund-only policy. Tmall Waives Annual Service […]
Free Delivery Remains Uncommon in Swiss E-commerce Market
A recent analysis by Carpathia, an e-commerce management consultancy, reveals that free delivery continues to be a relatively uncommon perk for online shoppers in Switzerland. The study examined the shipping conditions of the top 47 business-to-consumer online stores in the country (excluding Microspot, Interdiscount, eBay, and Ricardo). Limited Free Delivery Options The data indicates that […]
Spanish Consumers Flock to Chinese Platforms, Prioritizing Value over Price
A new report by NIQ Consumer Online Panel sheds light on a unique trend within the Spanish e-commerce landscape. While Spanish consumers tend to spend less on Chinese online platforms compared to their European counterparts, they are surprisingly more likely to make purchases from these platforms in the first place. Frequency Over Value: A Spanish […]