Breaking News
PDD misses estimates, Temu responds with local infrastructure
PDD Holdings, parent company of Pinduoduo and Temu, missed market expectations in the second quarter: revenue rose 8% to $15.7bn but fell short of the analyst estimate of around $16.26bn. Net income fell 12% to around $3.80bn, weighed down by intensifying competition in China as well as US tariffs, the loss of duty-free treatment, and new EU small-parcel fees. In response, Temu is expanding its local fulfillment infrastructure and onboarding more local merchants to adapt to the new EU regulation. See the full story on Reuters and ChannelX
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Marks & Spencer and Zalando scale up partnership
Marks & Spencer is extending its logistics partnership with ZEOS, Zalando’s B2B fulfillment division, to 22 European markets – newly including France, the Netherlands, Germany and Spain. ZEOS handles order fulfillment through its own distribution network, with M&S expecting shorter delivery times and up to 58% lower delivery costs as a result. See more on Yahoo Finance
Amazon makes discounts more transparent
Amazon is rolling out a “Price History” button in Germany: via its AI assistant Rufus, shoppers can check a product’s price trend over up to a year. This exposes deals based on outdated list prices and puts sellers under greater pressure around promotions. Read more on Futurezone
Chronext isn’t insolvent after all
Swiss-based luxury watch retailer Chronext, founded in 2013, filed for bankruptcy this week – but only for its Swiss holding structure, Chronext AG and Chronext Group AG. The operating business is unaffected and continues to run unchanged through Chronext GmbH in Cologne. Find out more on Tagblatt
Bonprix expands partner business
Otto subsidiary Bonprix is now also selling its fashion via Deichmann, expanding its network of external sales channels alongside Otto and About You. For Bonprix, this means additional reach and access to new customer groups. See more on Retail News
Robot News
Amazon tests fully automated delivery stations
With “Project Tetromino,” Amazon is working on delivery stations where AI and robots also take over sorting and loading packages – initial pilots are planned for as early as 2028 under an internal plan, initially in the US. Amazon stresses this is still an early-stage concept. Get more details on Business Insider
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