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Shein has presented its annual figures for Europe: according to these, the platform recorded a whopping 68% increase in 2023. The Ireland-registered European entity of Shein has reaches a turnover of 7.684 billion Euros, profit after tax has more than doubled to 99.5 million Euro. Reuters
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Amazon has revealed the start date for its Black Friday week: this year it starts as early as November 21. About Amazon
Amazon is changing its targets for sellers for the Christmas season: Between November 17 and January 11, different delivery speed requirements and different thresholds apply to products with the Prime logo. Onlinehaendler-News
Ebay is in Germany introducing a new payment option in the form of a monthly invoice, which customers can use to collect their purchases by the first of the month and then pay within 14 days at no additional cost. Onlinehaendler-News
TikTok Shop is looking to double the number of live shop offerings in the US over the holiday season with “super live streams”. Cross Border Magazin
Role model news:
With its new loyalty program, Zalando Plus, Zalando wants to take more of a page from Chinese programs than from Amazon. For example, the time that online shoppers spend on Zalando is also to be rewarded. However, the program is not expected to launch before 2025. Exciting Commerce
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