Shopify is shedding 10 p.c of its employees. This comes all the way down to a thousand staff. Based on the corporate, it is because of a decline in buyer demand after peak progress through the pandemic.
Shopify is a
Chinese language trend retailer Shein is seeking to increase in Europe. On the identical time, the corporate’s worth has fallen round 30 p.c. Shein has been beneath scrutiny about its labor situations and environmental affect.
Shein, based in 2008 in
From 1 August, Hermes Fulfillment will take over a dispatch center in Valdengo, Northern Italy. The center specializes in the logistical processing of low-volume product ranges. ‘By taking over the site in Valdengo, we can establish ourselves on the European
Consumers in the Netherlands expect to spend 37 percent of their total expenditures online by 2028. This is five percentage points higher than the actual percentage in 2022. Still, the expectation has decreased: last year, consumers expected to spend 41
Today, Sendcloud announced the acquisition of data platform Tracey. The acquisition allows Sendcloud to offer new data tools, such as AI-driven delivery predictions and near-real-time package monitoring. In this way, the shipping platform aims to offer the best customer experience.
Last year, more than 1.2 billion payments in the Netherlands were fulfilled through iDeal, the popular local payment method. This is an increase of 7.9 percent compared to 2021. The online payment method shows strong growth, despite a decrease of
Amazon has launched a flexible financing solution for small and medium-sized businesses in the United Kingdom. Amazon sellers in the country can apply for a cash advance, which will be repaid based on their sales. Loans can range up to
Irish ecommerce financier Wayflyer has renewed a 300 million dollar (276.7 million euros) debt line. It is currently deploying 2 billion dollars (1.84 billion euros) to more than 3,000 ecommerce businesses globally.
Wayflyer was founded in Dublin in 2019. It
French activists urge for legislative and regulatory measures against Shein, the fast fashion giant from China that is rapidly expanding in Europe. The activists are concerned about Shein’s impact on the planet. “Behind the €2 t-shirts or €9 dresses lies
German fashion platform About You has removed all products of the secondhand platform Mädchenflohmarkt from its ‘Second Love’ category. The move follows strong accusations made against the secondhand platform. The cooperation started three years ago.
The German secondhand fashion platform