A good half of Black Friday and Cyber Monday shoppers in Germany plan to use AI to hunt for deals this year, according to YouGov – more than double last year’s share (23%).
The new EU customs duty on small parcels is taking effect: according to bevh, revenue of Shein, Temu and AliExpress in Germany plunged by 35.5% to €566 million in the third quarter.
In its first quarterly results as a listed company, Shein reports a 67 percent drop in profit to $228 million. In Europe, sales fell by 13.9 percent.
Saskia Meier-Andrae is appointed VP and GM Europe at eBay, a new role to consolidate the online marketplace’s EU business and promote cross-border trade.
On the international stage, Natasha Mendonça Costa has taken on the position of Digital Project Manager | Europe Zone at L’Oréal.
Dr. Michael Maihaus has taken on a new leadership role at OBI Group Holding as Vice President Global Digital Business (Marketplace / eCom).
Amazon sellers will soon be able to connect their eBay, Shopify, TikTok and Walmart accounts to Seller Central. They can manage listings, orders and per-item profitability across channels in one place.
From November 1, a new EU-wide processing fee will apply to small parcels from non-EU countries. The European Parliament has given final approval to the sweeping reform of EU customs law, after the Council had already agreed in early September.
The European Commission is preparing new legislation to close compliance gaps for imports via e-commerce platforms, according to media reports. It includes liability for marketplaces, a new market surveillance fee and centralised enforcement.
A week after its shaky Hong Kong debut, Shein’s stock is still trading around 17.5% below its offer price – at a valuation of $26.5 billion, barely a quarter of its 2022 peak.
Jan Bechler, Tim Nedden and Björn Sjut will step down from the management team in spring 2027, remaining on as founding partners and shareholders.Sabine Juenger will become Europe CEO of Front Row (formerly Finc3) as of January 1, 2027.
Björn Seitner got promoted at Breuninger and became Head of Marketplaces.
Vanessa Smickt was promoted to Director Digital Business at Marc O’Polo.
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.
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