🌀DST implementation would harm EU Marketplaces. Would they still be competitive?

@Fashion network

🛒 Mass merchant marketplaces

• 🇺🇸 Temu sellers are cloning Amazon storefronts. The Chinese-owned e-commerce app faces lawsuits for copyright infringement after sellers allegedly copied products and stole photos and text from Amazon. Deep dive → Wired

• 🇺🇸 Google to discontinue Buy on Google for Search and Shopping. The integrated checkout feature will no longer be available on Google Search and the Shopping tab in the United States from September 26, 2023. Google has confirmed that Buy on Google will still be active on YouTube Deep dive → Geekseller

• 🇮🇳 CarTrade acquires OLX India's Auto for USD 65M. Earlier this year, Prosus (OLX owner) had said that it was divesting OLX’s automotive business globally on account of weak macroeconomic conditions and rising challenges for the segment. Deep dive → Economic Times

• 🇬🇧 Amazon and eBay lose vs Temu and Shein in the UK. Since the start of the year, Amazon lost 1m daily app users, eBay 2m while Temu now has 3.5M and Shein 2M. Deep dive → Channelx

• 🇫🇷 La Redoute launches a website and app dedicated to Germany. La Redoute is localizing German sales, which currently account for 35% of its sales. The French platform, earlier this year, opened subsidiaries in Italy and the Netherlands. Deep dive → Fashion Network

• 🇵🇱 Allegro introduces a vehicle history check. The leading e-commerce platform in Poland collaborates with AutoDNA to launch a new feature that allows users to check the vehicle history by VIN number, ensuring transparency and trust for buyers and sellers. Deep dive → Interaktywnie

👗 Fashion marketplaces

• 🌎 Shein is being sued by designers over AI ripoffs. The designers (Krista Perry, Larissa Martinez and Jay Baron) claim Shein uses “secretive algorithms” to determine fashion trends. Algorithms, they allege, “could not work” without generating exact copies of artists’ work. Deep dive → CBSnews | TechCrunch

• 🌎 About You, Yoox Net-A-Porter and Zalando announced an expansion of their joint sustainability initiative. ‘Fashion Leap for Climate’ effort is aimed at strengthening their education platform (which assists in quantifying carbon footprint) and addressing the fashion industry's impact on climate change. Deep dive → Edie

• 🌎 Zara owner Inditex unveils ‘extremely ambitious’ sustainability targets. Goals include, among others, a pledge to reduce its emissions by more than 50% by 2030, as it looks to reach net zero by 2040. By the end of the decade, around 40% of the Spanish group’s fibers will come from recycling processes and 25% from sustainably farmed crops. Deep dive → Retailgazette

• 🌎 eBay to acquire AI-powered product authentication company Certilogo for apparel and fashion goods. eBay’s acquisition indicates that it’s looking to boost secondhand fashion authentication on its marketplace. Deep dive → TechCrunch

• 🇺🇸 Empower Global is a new curated marketplace for Black-Owned Fashion, Art, Beauty, and Lifestyle Brands launched by Puff Daddy. The platform aims to give consumers the chance to discover new products exclusively created and sold by Black entrepreneurs. The initial drop includes over 70 labels and over 1,000 items. Deep dive → Etoonline

• 🇬🇧 Patagonia launches a repair portal and will open a repair center in the UK this year. Patagonia is expanding its European network of fixers and bringing increased repair tools and services to stores, with the ambition of increasing repairs four-fold, to 100,000 per year, in the next five years. Deep dive → Fashion network

🍔 Food marketplaces

• 🌎Uber Eats cuts 8,000 virtual brands from its app. Virtual brands are menus created for delivery only, and many were offering duplicate menus. The restaurant menu must be 60% different from any other virtual restaurant operating from that same physical location. Deep dive → Business insider

• 🇺🇸 Uber Eats and Postmates will list Domino's pizzas under the new partnership. Although orders will continue to be delivered by uniformed Domino’s drivers, the company hopes that listing its menus on the apps will expose it to more potential customers. Deep dive → TheVerge

• 🇪🇺 Wolt couriers paralyzed Dizengoff's circle in Tel Aviv. In Israel, the Czech Republic, Greece, Denmark, Finland, Georgia, Croatia, Germany, and Serbia, Wolt introduced a “dynamic pricing” system that is claimed to reduce wages by about 20-25%. Deep dive → Jewishpress

• 🇪🇺 Glovo performs well and still believes in near-term profitability. The main reasons for it are a diversified business model, A multi-category approach, and multiple revenue streams. Deep dive → Forbes

• 🇬🇧 Waitrose has partnered with Uber Eats, offering customers grocery deliveries in 20 minutes. The offering will be rolled out to over 200 stores across the UK by the end of next month. Waitrose reported a 40% rise in on-demand grocery compared to last year. Deep dive → InternetRetailing

• 🇬🇧 Ocado Retail restructuration could be underway. M&S chairman Archie Norman has told shareholders that he is “unhappy” with its joint venture with Ocado Retail, after recently posting a £501 million loss. Deep dive → Retail Gazette

📦Various marketplaces

• 🌎 Upwork unleashes a generative AI Hub. Upwork's new AI Services hub revolutionizes the platform by connecting businesses with skilled AI talent and introducing powerful generative AI tools, driving the adoption of AI-powered workforces. Deep dive → Upwork

• 🌎 Chrono24 gets investment from football star Cristiano Ronaldo. Ronaldo has been a frequent user of the platform and said he is "thrilled" to be a shareholder now. Deep dive → Business insider

• 🇺🇸 Foraged’s wild food marketplace grows exponentially. Launched in 2021, it has now tens of thousands of new customers, and the number of repeat customers has increased by over 1,000%. The company has experienced over 400% revenue growth. Deep dive → TechCrunch

• 🇦🇪 Revibe raises US$2.3M in funding to accelerate growth. Dubai-based startup fuels expansion plans to meet the increasing demand for sustainable refurbished electronics in the MENA region. Deep dive → My startup world

• 🇪🇺 Revolut launches an in-app marketplace for travel products. Digital neo-bank Revolut has launched ‘Experiences’ – an in-app marketplace with over 300,000 tours, activities, and attractions. Deep dive → Retail Bank International

• 🇵🇱 Baselinker with new AI automation and ChatGPT style tools to streamline product information management for brands and retailers. Deep dive → Ecommercy