Since 2018, Amazon’s logistics workforce in the U.S. has more than tripled to over 1.2 million employees. By 2027, around 160,000 positions are expected to be cut through increased automation. By 2033, this could make more than 600,000 potential new hires unnecessary.
The Chinese online e-commerce platform Temu doubled its pre-tax profits in its EU operations. The platform is reaching $120 million, according to its financial statement - despite having just eight employees. Their profits increased 171% in 2024, compared with $44.1 million the year before.
Zalando has officially entered the Portuguese market to strengthen its position as Europe’s leading fashion and lifestyle platform. This move brings the company’s total footprint to over 25 markets. Portugal is one of Southern Europe’s fastest-growing e-commerce markets, driven by high smartphone penetration, rapid digital adoption and a growing appetite for international fashion brands.
OpenAI is rolling out a native checkout in ChatGPT, letting users in the U.S. buy products without ever leaving the chat. The first integrations are with Etsy and Shopify sellers. Users can see product options, select variants, and complete the purchase directly in the interface. It's a first step toward what some call “agentic commerce” - where AI handles not...
OnBuy is expanding into 12 European countries, including Germany, France, Spain, and Italy. The platform is currently the fastest-growing in the UK, driven by its unique cashback system that generates a repeat purchase rate of over 50%.
At its Seller Conference Accelerate, Amazon introduced a new Agentic AI designed to independently develop and execute strategies. The enhanced Seller Assistant will automatically warn sellers about potential overstock fees, suggest price adjustments, optimize inventory levels.
Starting today, September 15, local retailers in Switzerland can sell their products via Temu.
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.
JD.com snaps up Ceconomy What was announced last week is now official: JD.com has submitted a takeover bid of €2.2 billion for Ceconomy, the parent company of MediaMarktSaturn. The first major shareholders have already approved the deal. JD.com is thus securing access to Europe and, in return, plans to bring 1,000 brands to China.
JD.com snaps up Ceconomy What was announced last week is now official: JD.com has submitted a takeover bid of €2.2 billion for Ceconomy, the parent company of MediaMarktSaturn. The first major shareholders have already approved the deal. JD.com is thus securing access to Europe and, in return, plans to bring 1,000 brands to China.
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