Breaking News
TikTok chaos in the US: Facing an impending ban, TikTok shut itself down on Saturday, only to start up again on Sunday after Donald Trump declared that he would issue an executive order on Monday immediately after taking office to delay it. He can imagine a joint venture in which the US would hold half of TikTok’s shares. In the meantime, many users have fled to the Chinese app RedNote in protest. Sueddeutsche (summery) NY Times (ban) LinkedIn (RedNote)
More News
According to preliminary figures, Zalando increased its GMV by 4.5 percent to 15.3 billion euros in the year-end quarter, with operating profit expected to be around 510 million euros. This puts Zalando well ahead of its own forecasts from last fall. Retail News
Galaxus is also growing strongly: across the group, Digitec Galaxus increased its revenue by 18% to 3.228 billion francs in 2024. Galaxus.de grew by 27% to 362 million euros. Galaxus
The drugstore chain dm is reaffirming plans for an online pharmacy, which is scheduled to launch in the second half of the year. Onlinehaendler-News
110 employees, or almost a quarter of the workforce, have to leave the luxury watch platform Chrono24. Handelsblatt
Amazon wants to further monetize its retail media technology and is now opening it up to third-party retailers with a new “Amazon Retail Ad Service”. CNBC
Final News
Amazon Prime is discontinuing its “try before you buy” clothing program on January 31. Also known as “Prime Wardrobe,” the service allowed customers to try on items of clothing at home and keep and pay for only the selected ones. The growing prevalence of AI alternatives and the lack of scalability probably led to the end of the program. The Verge
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