Breaking News
Shein revenue increases 32% in the UK
Online fashion platform Shein is growing rapidly in the United Kingdom. Last year, its revenue there exceeded 2.3 billion euros. Compared to 2023, this was an increase of 32 percent. More on Ecommercenews
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Peak season fees at Amazon
In the UK and Germany, Amazon is charging FBA users an additional fee of 10 to 15 pence or 19 cents per package from mid-October to mid-January. The aim is to secure fulfillment capacity, delivery speed, and customer service. From the end of October, Amazon will also require certified package dimensions in Germany. They will serve as the basis for shipping fees. More at Ecommercenews (fees) and Onlinehaendler-News (packages, German)
„Second Chance Deal Days“ at Amazon for the first time
To boost sales of used goods, Amazon launched its first “Second Hand Deal Days” at the beginning of September. The 7-day promotion covered almost all product categories, offered discounts of up to 50%, and ends today. Find out more at ChannelX
Good figures for Temu’s parent company PDD
Despite price wars in China, Temu’s parent company PDD increased revenue by 7 percent to the equivalent of $14.53 billion in the second quarter. Net income fell by 3.9 percent to $4.3 billion – but the decline was less severe than expected. See more at Wall Street Journal
EU classifies Zalando as a “very large online platform”
The EU Court of Justice has classified Zalando as a “very large online platform” under the Digital Services Act, rejecting Zalando’s appeal against this designation. Zalando must now take stronger measures to combat illegal content, similar to companies such as Meta and Alphabet. Read more at Reuters
Walmart recruits European sellers
The US retailer aims to globalize its marketplace business and attract European merchants to its platforms for the US and South American markets. A Seller Summit in London, along with a dedicated sales platform and fulfillment services, is designed to support this initiative. See more at Ecommercenews
JD.com launches Joybuy in Europe
After its launch in the UK, JD.com has now introduced Joybuy in France and Germany – independently of its takeover of MediaMarktSaturn in Germany. According to Alexander Graf, Joybuy is being used as leverage against MediaMarktSaturn’s parent company Ceconomy. The strategy has been effective so far. And JD.com is now using Joybuy as a test ground for brands, delivery options, and other features. More on Icelog and LinkedIn (Alexander Graf)
Market Power News
288 million US customers against Amazon
A US court has upheld a class action lawsuit against Amazon for unfair competition and excessive fees. At the core of the allegations are fee increases of 42 percent within just five years. On average, 27 cents of every dollar spent on the marketplace goes to Amazon rather than the seller. This makes the marketplace business far more profitable for Amazon than its own retail sales. In addition, various pricing clauses are under scrutiny for allegedly hindering fair competition. More at Heise
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