🌀 Record-high Black Friday 2023. How much have sales grown this year?

🛒 Mass Merchant

• 🌎 eBay to gain $2.2B from sales of its shares in classified biz Adevinta. eBay is selling its remaining shares in Adevinta, the online classified business, to private equity firms Permira and Blackstone for $2.2 billion in cash and 20% equity. This move follows Adevinta's acquisition of eBay's classified business in 2020. After the deal's closure, eBay will retain a 20% equity stake in the newly privatized Adevinta. Deep dive → TechCrunch

• 🌎 Temu is burning cash to challenge Shein and Amazon on Black Friday. Reports show Temu is growing faster than even its owners expected, but it’s still losing money and straining its logistics as it tries to compete with Shein, TikTok, and Amazon. Deep dive → Wired.co.uk

• 🇪🇺 Temu expands European delivery network, prioritizes eco-friendly packaging. Temu expanded its delivery network in Europe via partnerships with Poste Italiane, CTT in the Iberian Peninsula, and Mail Alliance in Germany. In Italy, Poste Italiane will work with Temu to enhance its delivery processes, with initiatives like PIN-code-enabled lockers and local stores serving as pick-up and drop-off points. The partnership also includes environmental strategies, such as reducing carbon emissions and employing eco-friendly (recyclable and biodegradable) packaging. Deep dive → Packaging strategies

• 🇺🇸 Walmart introduces parcel stations to speed up delivery. Walmart has already 4,000 stores operating as delivery hubs. Now the company is adding parcel stations to the hubs. Parcel station work as mini post office that receives and delivers packages. Deep dive → Walmart

• 🇮🇩 TikTok to invest in Indonesia’s GoTo online retailer Tokopedia. TikTok is in discussions with Indonesian e-commerce players including GoTo, Blibli, Bukalapak, and Tokopedia to revive its e-commerce ambitions. Following recent regulations the company now needs a way to partner with local e-commerce firms to continue its commerce operations in the country. Deep dive → Mint

👗 Fashion & Beauty

• 🇪🇺 Zalando partnered with Klarna for flexible payments. This collaboration will introduce Klarna’s widely acclaimed ‘Pay in 3′ service to Zalando’s Fashion Store in France, Italy, and Spain. Klarna’s ‘Pay in 3’ service permits shoppers to split payments into three equal instalments, granting them the opportunity to enjoy their purchases immediately while providing the flexibility to try items before completing payment, all with the convenience of deferred payment. Deep dive →  Apparel resources

• 🇬🇧 Vinted strengthens its collaboration with Yodel and PayPoint. Yodel (The British parcel delivery) as part of a multi-year agreement will open both opportunities to deliver package to one of the 6k shops or will deliver directly to the recipient's address. Additionally Paypoint will open its network of 10k+ locations. Deep dive → ConvenienceStore | DeliveryX

• 🇬🇧 Depop takes circular fashion to the high street. Depop is to launch a series of high-profile temporary stores over six months in partnership with retail pop-up provider Sook. The company launched a partnership last month to bring online retailers into physical venues, and it has now released further information about the collaboration. Four immersive pop-ups will debut in London in November and December, “encouraging more people to shop secondhand while reviving the high street for the Christmas Party season,” according to Depop. Deep dive → Apparel resources

• 🇫🇷 La Redoute to focus less on fashion, more on home decoration. La Redoute  is introducing radical strategic changes as online sales are experiencing a generalized decline due to weaker consumer purchasing power. La Redoute is currently the third-largest e-tailer in France in terms of home decoration purchases, with 6.2 million unique visitors per month. Just over 60% of its revenue is generated by this segment, and the company’s goal is to grow this share to between 70 and 75% within four to five years. Deep dive → FashionNetwork

🍔 Food & Grocery

• 🇺🇸 Walmart is widening the gap with Amazon in grocery e-commerce. Walmart is expanding its market-leading position in grocery e-commerce and is on track to control 26.9% of the market by the end of 2024 - well ahead of Amazon, its closest competitor, according to data released earlier this month by Insider Intelligence. Amazon’s share of the digital grocery space is set to decline to 18.5% over the coming year even as its sales continue to grow. Deep dive → GroceryDive

• 🇺🇸 Uber Eats partners with Big Lots as aggregators expand Retail presence. Through a partnership, Uber will deliver items from 1,200 Big Lots locations, like holiday decorations, groceries, pet care products, and more. These moves come as aggregators look to drive usage, making their offerings relevant in more parts of consumers’ day-to-day lives, given their relatively low penetration in the restaurant category. Deep dive → PYMNTS

• 🇪🇺 Delivery Hero and Glovo offices were inspected again as the EU widens its investigation. This move aims to determine whether the companies concerned have violated EU antitrust rules that strictly prohibit any “cartels and restrictive business practices”. Deep dive → VerdictFoodService | TechCrunch

• 🇬🇧 Deliveroo with good news from the UK Supreme Court. The UK’s Supreme Court has ruled that Deliveroo riders are not employees and therefore, can’t be represented by unions for collective pay negotiation power. The judgment comes as a huge blow to workers and the union alike, yet a win for the gig economy in general. Deep dive → Euronews

• 🇬🇧 Uber Direct signed KFC UK and Ireland for quick food deliveries. White-label delivery solution Uber Direct provides customers with real-time tracking from their local restaurant to their delivery address. It comes after KFC announced last month that it had ended its partnership with Deliveroo​​ to focus its efforts on other delivery channels. Deep dive → VerdictFoodService

📦Various

• 🇩🇪 Mobile.de will enter the e-bike market in 2024. The platform aims to allow dealers to list new or used e-bikes on Mobile.de, providing a sales opportunity for the expansion of their inventory. Mobile.de aspires to become one of the largest commercial marketplaces for e-bikes in Germany, motivated by the market's attractiveness, with 24.4% of German households owning an e-bike and over 2 million units sold in the country last year. Deep dive → AutoHous.de

• 🇵🇱 Booksy partnered with Inovia Capital for next phase of growth. Booksy’s platform enables tens of millions of active users to book and find the best beauty & wellness professionals near them. Next phase of growth to focus on organic growth and acquisitions. Deep dive → Inovia

• 🇪🇸 Leroy Merlin sales exceeded 1M products in the marketplace. Launched in November 2022 with 150 authorized sellers, it now covers 900. The Leroy Merlin website is currently the fourth most visited e-commerce in the country. The company plans to expand the team by 30% in the coming months. Deep dive →Revistainforetail

🌟Spotlight

• 🇪🇸 Cüimo (platform for second-hand motorcycles) raises €900k. Cüimo’s value proposition is clear: a 100% online motorcycle buying and selling process that provides maximum transparency in the transaction. With this round, the company wants to invest in human and technical capital, which will allow them to continue growing the marketplace, in addition to taking advantage of the funds generated to expand other business lines such as its “Cüimo Prime” section of already reconditioned motorcycles that can be delivered in 72 hours at the buyer’s home. Deep dive → Eu Startups

• 🇬🇧 Reboxed (refurbished electronics marketplace) raises £1.6M to tackle piling e-waste. Reboxed has built a brand and re-commerce platform connecting businesses and customers with a better and more sustainable way to buy and sell technology. It offers premium refurbished and pre-owned devices, including phones, laptops, tablets, and smartwatches with a focus on quality, consistency, and a genuinely circular approach. The company will use the funds to drive growth and further develop its retail partner programs and Reboxed for business service. Deep dive → TechFundingnews

• 🇬🇧 Safi just raised $19.5 million for its B2B recycling marketplace. Safi operates a B2B marketplace for recyclable materials, utilizing an algorithm to match buyers and sellers, generative AI, and computer vision for quality checks. The platform aims to digitize the entire trading process, from discovery and quality control to payments and logistics, addressing inefficiencies and lack of transparency in the recycling industry. The funding will be used to enhance Safi's offerings, digitize more parts of the supply chain, and expand its team. Deep dive → Business insider