Low-cost chain Action wants to open about 300 more stores in Europe this year. The retailer is now said to be worth more than 5 billion euros.
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TikTok has begun testing in-app sales in partnership with a selection of brands in Europe.
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Despite a sharp increase in turnover, Alibaba has recorded its first loss in nine years. The reason being, the Chinese government imposed a record-breaking fine on the e-commerce company for monopoly practices at the end of last year.
On Saturday 15 May, the remaining stores of the bankrupt British department store chain Debenhams will close their doors for good. This marks the end of 242 years of retail history. However, the brand will not disappear altogether.
The tax advantage that the European branch of Amazon enjoys in Luxembourg is legitimate, according to the EU’s General Court. The e-commerce giant therefore does not have to pay back 250 million euros in back taxes.
Last year, Hema suffered a loss of 214.8 million euros, while turnover also decreased. The main villain: the coronavirus. However, the takeover saga also proved to be an issue. A new management team is now ready to take the lead.
The Dutch department store chain Bijenkorf has finally launched its Austrian webshop. The launch was announced in early 2020 and was initially planned for the second half of that year, but that timing suffered some delays.
Veepee has launched "The Survivors" on its Dutch platform: under this name, the flash sales specialist sells products that are still in perfect condition but with damaged packaging.
Orderchamp, a digital purchasing platform for retailers, has received growth capital to continue its European conquest. The company is strongly committed to machine learning to predict sales success.
Amazon is moving its annual Prime Day into June this year. The e-commerce giant thinks the two-day event, which includes all kinds of discount deals and new product launches, is best held before the summer and the Olympics.
Last year, the European branch of Amazon realised a turnover of 44 billion euros. However, the e-commerce giant is not paying any corporation tax on those revenues.
Until now, the hard discounter Aldi has mainly steered clear of the advances in supermarket technology, such as self-scanners and till-less stores. However, change seems to be on its way now - at least at Aldi Süd.
In an increasingly digital world, retailers need to rethink how they fill their square metres of selling space. "Innovation in retail is not limited developing a new store concept, it's about adopting a shopper-driven philosophy."
It is a well-known fact that the outbreak of Covid-19 has boosted online sales. But a new UNCTAD (United Nations Conference on Trade and Development) report now gives us some figures.
Chinese e-commerce giant JD.com gives the starting signal for its European expansion: in the Dutch province of Limburg, the logistics specialist opens a distribution centre of 18,000 square metres. It will also have an office.
In an interview with some regional newspapers, President Emmanuel Macron clarified his exit strategy from the lockdown. On May 19, all stores are allowed to open again.