Breaking News
EU clears Ceconomy takeover
The European Commission has approved JD.com’s takeover of Ceconomy, parent company of MediaMarktSaturn, with conditions. The aim is to prevent cross-subsidies from JD.com to Ceconomy. For ten years, JD.com must conduct business with Ceconomy on market terms and offer its warehousing and logistics services to other EU companies on the same conditions. Read more on Spiegel
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Zalando brings other shops into its app
With its AI-powered service Zalando Extended, Zalando will let customers buy products from other online retailers directly in the Zalando app. Partners won’t need to make any significant changes to their technology or logistics. From 2027, an AI agent is set to complete purchases on customers’ behalf. Find out more on Retail Systems
B2B arm drives Zalando’s profit
Zalando raised its adjusted EBIT by 10.6 percent to €107 million in the third quarter, while revenue grew 5.1 percent to €3.2 billion.The main growth driver is its B2B business, where revenue rose by 28 percent. The partner business and retail media are also growing at double-digit rates. Get more details on Drapers
Shein pumps another €500 million into its Polish warehouse
Shein is expanding its logistics centre near Wrocław – the central hub for its European business – to around one million square metres. The move aims to shorten delivery times in more countries and strengthen its marketplace. More than 500 local sellers in Poland have already joined it. Read more on Logistik Heute
More than half of German teens buy on influencer tips
54 percent of 16- to 18-year-olds in Germany bought a product recommended by influencers in the past six months, up from 41 percent in 2020. TikTok is clearly ahead of Instagram when it comes to shopping directly on social media. Read more on Retail News
Loot News
Looted goods on platforms: France removes more than 1,700 listings
Products suspected to have been stolen during riots and looting in France later appeared on resale platforms. In response, the government agreed on tighter controls with Vinted, Leboncoin and eBay, among others. As a result, 1,737 suspicious listings were removed and 237 accounts suspended across platforms. How much of it was actually stolen goods remains unclear. See the full story on Onlinemarktplatz
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