Nike’s sales fell 10% to $11.6B this summer, its biggest drop in 4 years. Gross margin rose, but earnings fell. With new competition and weak China sales, CEO Elliott Hill needs to rebuild key partnerships.

Poshmark lowers seller fees from 20% to 5.99%, adding a fixed fee from $1 to $3. This helps sellers earn more and provides buyers with clear price transparency while continuing buyer protection.

UK fashion giant Boohoo is reportedly considering divesting brands such as Debenhams and Karen Millen to boost value, as its stock has plunged 85% in five years. With declining market share and competition from Shein, a business split might help refocus.

Shopee, Tokopedia, and others in Southeast Asia are increasing seller commissions, with fees rising up to 10%. Merchants are unhappy but staying, facing higher margins. Shopee remains the largest e-commerce platform, holding 48% market share.

MercadoLibre, founded in 1999, leads online sales in Latin America, growing 34% in 2024. Amazon trails with a 27% rise. MercadoLibre’s Q2 revenue grew by 42%, backed by a young, mobile-savvy population of 600M.

Asos is cutting over 200 head office roles as part of a major restructuring effort. This comes after the retailer reported a $120M loss in the first half of 2024. The tech team is most affected, but new roles are being created.

Between April and August 2024, Otto.de saw 1,178 seller accounts disappear, a 17% drop. Rising fees led 500 partners to quit, while Otto terminated 150 more over alleged violations. The company's own revenue fell by 4.7% to $6.5B, pressured by rivals like Temu.

Mytheresa saw a 9.8% increase in net sales in 2024, reaching €840.9M. However, the gross profit margin fell to 45.7%, down from 49.6% in 2023, leading to a 6% drop in share prices. The luxury retailer expects further growth of 7-13% in 2025 but continues to face challenges in balancing supply and demand in the market.

Will Shu, CEO of Deliveroo, sold 9.4M shares worth £15M for personal investments after Deliveroo's first profit of £1.3M. Despite the sale, Shu retains 95.8M shares. The company also announced a £150M buyback, and its stock remains stable.

Mercado Libre secured $250M from JPMorgan to grow its FinTech business in Mexico, targeting SMBs. The company seeks a banking license, expanding its $1.5B loan portfolio. Mexico now contributes 20% of its revenue, with $2.5B investment planned for 2024.

Allegro will expand to Hungary by the end of 2024. The company plans to invest up to 20% of its adjusted EBITDA in this international expansion. Allegro’s adjusted EBITDA in Poland reached $220M, a 35% increase year-over-year in Q2 2024.

Innovative Food Holdings is selling igourmet.com for $700K plus $350K in liabilities. After years of losses, the company is refocusing on its retail cheese business to improve profits. CEO Bill Bennett sees big potential.

Alibaba.com introduces its first US credit card with Mastercard, offering 3% cashback or 60-day interest-free terms for purchases. Small businesses can benefit from these rewards, while Alibaba expands its global reach.

ByteDance's Douyin, TikTok’s Chinese sibling, saw its e-commerce GMV grow by 46% from August 2023 to July 2024. Despite facing a price war and slowing growth, Douyin outperformed major rivals Alibaba and JD.com, which saw far lower growth.

Temu's U.S. sales growth decelerated to 37% in August, down from 45% in July. Despite a slight market share gain to 3.4%, DAUs fell 17%. Bank of America cites plateauing sales and tough comparisons, along with challenges from parent Pinduoduo.

Amazon Aggregator SellerX, founded in 2020, will be auctioned on Sept 17. Despite $900M in investments, financial struggles led to Blackrock pulling its $400M loan. This highlights broader issues with the Amazon Aggregator model.

UPS will apply a $0.50 per-pound surcharge to imports from China, Hong Kong, and Macau. Other countries like Japan and Australia will see a $0.25 fee per pound. The move is meant to offset rising shipping costs, especially with the surge in e-commerce from sites like Temu and Shein.

Qoo10 has let go of over 80% of its workforce in Singapore. 90 of the 110 employees were laid off, leaving only senior management to run day-to-day operations. This comes after financial trouble in Qoo10’s South Korean branch, raising questions about the company’s future.

Delivery Hero is planning to list its Talabat unit on the Dubai stock market, aiming to raise $1B. Emirates NBD, Morgan Stanley, and JPMorgan are handling the IPO. Talabat's valuation could exceed €5.4B.

Abu Dhabi’s Mubadala applies to take full control of Getir as Türkiye's delivery giant focuses on its home market after securing $250M in June. This follows Getir's exit from Europe, with founders retaining a minority stake.

ASOS sold a 75% stake in Topshop to Heartland, generating $146M to strengthen its balance sheet. ASOS retains 25% and faces pressure from rivals like Shein and Temu. Shares rose 18% following the announcement.

Mercado Libre founder Marcos Galperín announced a $75M investment to build a new logistics center in Buenos Aires, creating 2,300 jobs. President Javier Milei praised Galperín’s contribution to Argentina's economic growth during his visit.

Chinese ecommerce giant PDD has amassed $38B, surpassing even Tesla. However, the company refuses to offer dividends or share buybacks, which caused a 31% stock drop. Concerns rise over its limited financial transparency.

ByteDance, TikTok’s parent company, is securing a $9.5B loan. Banks like Citigroup and Goldman Sachs are interested. ByteDance plans to invest in e-commerce, generative AI, and research while refinancing a $5B loan.

Branded and Heyday, two leading Amazon aggregators, plan to merge into a new entity named Essor, with an expected annual revenue of $400M. The merger reflects the contraction in the industry that once thrived on $16B in investments.

Trouva, an online marketplace, has left many of its 650 boutique partners unpaid for over a month, despite promises of swift payment resolution. Trouva's acquisition by Fy! and a pending funding round are cited as reasons for the delays.

Meituan's revenue for Q2 reached $11.6B, exceeding expectations and marking an impressive rise from $9.5B last year. Despite China's slow economic recovery, the company benefited from delivering low-cost products. Profit margins also grew, doubling from 8.7% to 16.9%.

Delivery Hero shares jumped 10% following news of its plan to IPO Talabat on the Dubai Financial Market. CEO Niklas Ostberg says this move aims to attract local investors. Talabat operates in key Middle East countries and is a major revenue driver.

Delivery Hero cut its net loss to $798.6M in H1 2024, down from $855.4M last year. Revenues rose to $6.1B, with 6.3% GMV growth. The company projects FY 2024 revenue growth of 18%-21% and plans to list talabat in Dubai in Q4 2024.

The Platform Group outperformed its 2023 financial forecast. GMV increased to €705M, beating the predicted €700M. Net sales reached €440.8M, slightly above forecast. Adjusted EBITDA improved to €22.6M, while net income reached €26.9M.

Shein's emissions increased by 45% to 16.7M metric tons of CO2e in 2023. The rise is linked to its ultra-fast fashion production model, which produces up to 100K pieces per day. Meanwhile, reports reveal child labor issues in its supply chain.

UPS has seen a major volume increase, driven by Shein and Temu, with each providing 900K packages daily in July 2023. While this has helped carriers recover from a slump, it also brings profitability challenges as carriers offer low rates.

Alibaba finished a three-year regulatory rectification after being fined $2.6B for monopolistic practices in 2021. The completion led to a 3% rise in its shares. China's SAMR guided the process, ensuring Alibaba's compliance with antitrust laws.

PDD Holdings suffered a $55B market value loss after reporting weaker-than-expected revenue and warning about challenges in China's e-commerce. Shares fell 28%. Executives cited competition and economic woes, raising concerns among investors.

Decathlon will invest $108M in India over 5 years, adding 80 new stores to its existing 110. The brand aims to increase local production to 85% by 2026, enhancing its Indian market presence and manufacturing capabilities.

Klarna has launched new balance and cashback features in 12 countries, including the US, on August 15, 2024. These features allow users to store money in a Klarna account and earn up to 10% cashback at participating retailers, strengthening Klarna's position in everyday spending.

Swiggy targets a $15B valuation in its upcoming IPO to raise $1-1.2B. This would be one of India's biggest IPOs this year. Swiggy plans to use the funds to expand its quick commerce business, Instamart, which is currently loss-making but crucial to competing with Zomato.

Delivery Hero is entering the financial services sector, potentially offering loans to restaurants via its platform. The Berlin-based company is hiring for its Fintech division, aiming to introduce credit products to markets in 70 countries.

Jumia completed the sale of 20.2M shares, raising $99.6M. The funds will bolster its $92.8M cash position. The e-commerce giant aims to accelerate growth and move towards profitability as it continues to expand its customer base in Africa.

Ceconomy, MediaMarkt's parent, saw sales rise 6.6% to €4.92B ($5.4B). The European Football Championship led to a spike in TV sales, while e-commerce grew 10.9% to €1B ($1.1B). Retail media revenues also doubled, contributing to strong profits.

JD.com’s Q2 profit jumped 92% to $1.7B, driven by efficient operations amid intense price wars. Revenue edged up 1.2% to $40.3B. The trade-in program and 618 sales event also boosted online retail in a sluggish economy.

China's e-commerce and courier sectors have reached a new milestone with 100 billion deliveries in 2024, driven by rapid online sales growth. However, fierce competition has squeezed profits for delivery firms, even as parcel volume and return rates soar.

Klarna has introduced balance accounts and cashback rewards, launching in 12 countries across Europe and the US. Customers can now store money in a Klarna account, earn cashback up to 10%, and manage multiple payments with ease.

Swiggy is applying its service fee to gross order values for non-metro restaurants, impacting 1,000 partners. This change aligns with larger cities and might raise commissions by 17-25%, sparking a debate among restaurant owners.

HelloFresh reports 0.9% sales growth to $2.1B, with a 45% increase in prepared meals to $571M. While meal kit sales drop by 9.3%, the company shifts focus to high-value customers, boosting the average order value by 5.6%.

Once valued at $12B, Getir now faces nearly $4M in unpaid rent and lease obligations in NYC. The Turkish grocery app, which bought FreshDirect in 2023, is dealing with multiple lawsuits, with some landlords demanding over $1M in back rent.

Despite a $121M fine and $105M loss, Coupang's Q2 2024 results were boosted by Farfetch, which brought in $460M, contributing to Coupang's $7.3B revenue. Coupang's strategy shows promise as Farfetch averaged 26M visitors, outpacing competitors.

Douglas Group's net sales grew 7.3% in Q3 2023/24, reaching $1.1B. The group increased its full-year sales growth guidance to 8.5% due to strong Q3 and first nine months performance. Adjusted EBITDA for the first nine months rose 11.5% to $721M.

Zalando's profits surged 18.5% in Q2 2024, driven by strong performance in sports and beauty. Gross merchandise volume grew by 2.8%, and revenue rose 3.4% to $4.15B. Zalando's shares jumped as much as 7%, as active customers increased to 49.8M.

Walmart exceeded Wall Street's expectations with a nearly 5% revenue growth in Q2 2024, leading to a 6% stock increase. The retailer raised its full-year outlook but warned of a potentially weaker second half due to economic uncertainties.