Breaking News
Shein and Temu have announced price increases in the US in response to high tariffs on imports from China and the expiry of the de minimis rule on April 25. Until 2024, around 1.4 billion packages from China had entered the US duty-free under this rule. BBC (Overview) LinkedIn (de minimis rule)
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Shein appears to be one step closer to its goal of listing on the London Stock Exchange: the UK Financial Conduct Authority has granted preliminary approval for a listing. However, it remains unclear how the trade war between China and the US will affect a possible listing. Standard
Trump’s customs policy is also affecting Amazon Haul: The Temu copy now also offers discounted products from well-known brands such as Adidas, Levi’s, and Gap, which are shipped from US warehouses instead of China. However, they cost about the same as in the main Amazon store, which means that the focus on entry-level prices under 20 dollars is no longer a factor. TheVerge
Big Merger in the German Baby & Kids market: Baby-Walz will take over its competitor Babymarkt.de, a omnichannel retailer with brick & mortar stores, an online shop and a marketplace.The stores will be closed, the online shop will continue. If Baby-Walz will also keep the Babymarkt marketplace running is yet unclear. Exciting Commerce
News From Italy
Italian online sales rose by 6% in 2024 to a total of 85.4 billion euros. More than half of retailers sell on marketplaces, but most only on one or two. Amazon is the dominant platform with 40%, followed by eBay with 14%, Leroy Merlin with 7%, ManoMano with 6%, and Facebook with 5%. For the majority of retailers selling on marketplaces, the share of sales is less than 50%. EcommerceItalia
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