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.

Revolve, a leader in fashion e-commerce, is now investing in physical stores, starting with Aspen. This move responds to changing consumer behaviors and aims to revitalize growth. Investors are watching closely as the company shifts to a hybrid model.

Asos may be ending free returns for some customers in the UK. An email update hinted at changes to the returns policy, similar to a move made in the US last year where a $4.99 fee was introduced. The potential change targets "serial refunders".

Vinted, the popular second-hand platform, adds a new electronics category to its app, offering users the ability to buy and sell items like VR headsets, e-readers, and accessories. In 2023, Vinted reported its first profit of $19.2M.

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.

The Breuninger family is exploring a sale of their department store group, valued at $2.7B. Interest has been expressed by 31 entities, including retail groups and private equity investors. Initial bids are expected by late October.

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.

Shein discovered two instances of child labor between Q1 and Q3 2023 in supplier audits. The company, known for fast fashion, suspended the involved manufacturers and enforced stricter rules. No cases were found in Q4 2023.

Shein has filed a lawsuit against Temu, alleging IP theft, counterfeiting, and unethical practices. The lawsuit comes as Temu expands aggressively into the US, challenging Shein's dominance. The case highlights broader concerns about labor rights, online marketplaces, and the role of Chinese e-commerce giants.

Tingit, a Lithuanian startup, has raised $545K to expand its fashion repair marketplace. Currently available only in Lithuania, Tingit plans to scale across Europe. The service simplifies repairs with an app-based video upload process.

Boohoo has halted payments to a few suppliers due to low-quality clothing. Sales dropped 17% to $1.8B as Boohoo faces tough competition and rising inflation. The company, dealing with $407M in debt, is under pressure to resolve issues.

Sephora UK partners with DHL to manage its supply chain, including a new carbon-neutral distribution center in Coventry. This five-year deal supports Sephora's UK expansion strategy, aiming for sustainable growth.

Newless, a new UK-based fashion service, lets customers transform old clothes into custom pieces. The process is easy, with prices ranging from $88 to $188. Newless will also hold pop-ups where customers can upcycle garments live.

Shein, valued at $63B, might let the British public buy shares in its London IPO. This unusual move, backed by JP Morgan, faces criticism due to Shein's alleged environmental issues. Originally, Shein considered a US listing but shifted to London.

ThredUp has quietly introduced a peer-to-peer marketplace, similar to Poshmark, with no seller fees during its beta phase. The move comes as ThredUp seeks profitability after reporting a $71M loss in 2023 and exiting the European market.

H&M's Afound, a digital outlet launched in 2018, will close by the end of 2024. The decision follows a drop in demand as brands favor direct-to-consumer sales strategies. Afound currently operates online in seven European countries.

Farfetch, owned by Coupang, is closing its SaaS product Farfetch Platform Solutions. Once central to Farfetch's strategy, FPS is now discontinued as Farfetch grapples with a $105M loss in Q2 2024, shifting focus back to its core marketplace.

Chantecaille, a New York-based beauty brand acquired by Beiersdorf in 2022, expands its reach in China by partnering with Tmall. The move includes a flagship store and immersive pop-up experience in Shanghai, enhancing its market presence.

Asos has introduced Nibble, an AI chatbot that lets shoppers haggle on prices. Some users reported discounts of up to 40%. This move follows Asos' ongoing commitment to AI, including a new 3-year deal with Microsoft signed earlier this month.

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.

Fanatics renewed its deal with the FA after record sales of England merchandise during Euro 2024. The extended deal includes e-commerce rights and in-stadium retail operations, helping the FA invest in football development.

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.

Bloomingdale's teams up with Rebag to launch a luxury resale section both online and in five U.S. stores. Rebag will offer 2,500+ designer items on Bloomingdales.com and 500+ in-store, blending new and pre-owned luxury for discerning shoppers.

Shein is exploring warehouse sites in the UK's Midlands ahead of its expected $63B London IPO. The fashion giant seeks locations of up to 600K sq ft, focusing on sites ready for e-commerce operations. This move ties to its future growth plans.

La Redoute has appointed Richard Burke as the new CEO of its UK operations. Burke, who has been with the company since 2012, will focus on maintaining commercial success and planning for long-term growth and profitability.

Poshmark reported a 41% increase in searches for BHLDN wedding dresses and a 12% rise in wedding dress searches overall. Brides and wedding guests are opting for secondhand options to cut costs. Poshmark allows them to buy designer dresses at a fraction of the cost, with some saving over 50% off retail prices. The trend is also helping brides recoup value from their dresses, with sellers like Victoria listing items like a Carolina Herrera mini dress and Jimmy Choo pumps.

Depop and Selfridges are leveraging AI analytics from Truss to enhance their second-hand fashion offerings. The project, supported by the UK government, aims to automate pricing, optimize product recommendations, and lower carbon emissions. With fast fashion cycles shortening, AI insights have become essential for retailers.

Vinted's attempt to streamline shipping by limiting seller choices backfired. UK sellers, many lacking printers and nearby drop-off points, forced the platform to restore the option to deselect shipping methods.

ASOS signed a 3-year deal with Microsoft to enhance AI in operations. The retailer will use tools like Power Automate and Microsoft Copilot to automate tasks and boost efficiency. This deal strengthens their AI Stylist feature, offering personalized shopping experiences.

Coupang's Q2 2024 results show a $105M net loss, a sharp decline from last year's $145M profit. This downturn was caused by Farfetch's $108M loss and a $121M fine for illegal search manipulation, hitting Coupang hard.

Shein, the Chinese fast-fashion giant, withdrew 8 out of 21 tested garments after an Öko-Test study found dangerous levels of chemicals. Harmful substances like antimony and lead were detected in these products, posing serious health risks.

Zalando announced it will open a new tech hub in Shenzhen, China, focusing on social commerce expertise. Despite this move, the German fashion giant has no current plans to launch its e-commerce platform in China, focusing on growth opportunities in Europe.

Adidas increased its marketing spend by 15% to $781M in Q2 2024. This boosted brand momentum and improved sales. Footwear revenue rose 17%, and overall revenues for the first half of 2024 increased 6% to $12.5B.

Clifford Cohen, Asos CTO, leaves after 9 years. He joins the renewable energy sector in August. Hugh Williams steps in as interim EVP for technology. Cohen thanks the team and leaders for their support over the years. Williams has advised Asos for 18 months.

Prada Group reported a 17% rise in sales, reaching €2.55B in H1 2024. Miu Miu sales soared by 93%, while Prada's sales grew by 6%. The group saw growth in all major markets, with Japan leading at 55%. ESG initiatives also progressed.

Vinted is offering up to $500M in shares, aiming for a $5B valuation. The sale is managed by Morgan Stanley and involves existing shareholders. This comes after Vinted reported its first annual profit and secured new financing.

Chinese e-commerce giants Shein and Temu see a sales surge in Africa, with Temu gaining traction in SA. DHL's 2024 report highlights app-based marketplaces' global rise. Shein's 2023 revenue hits $22.7B, with social commerce poised for massive growth.

Rossmann introduces contactless pick-up stations for online orders, trialing in 10 stores starting in Munich on July 27. Customers receive QR codes for easy collection, enhancing shopping convenience and efficiency.

John Lewis introduces a retail media platform in partnership with Epsilon, letting brands manage ads on johnlewis.com. The platform provides real-time data, campaign control, and performance metrics, enhancing customer-brand connections.

Shein aims for a £50B IPO on the London Stock Exchange. US concerns about forced labor halted its NY listing. LSEG denies lowering standards to attract Shein. Critics worry about transparency. Labour Party supports the UK listing.

Maurizio D’Arrigo is Vinted’s new CFO. He has 20 years of e-commerce experience, mainly at eBay. CEO Thomas Plantenga praised his multi-market finance expertise. D’Arrigo replaces Vaidas Urba, who stepped down in 2023.

Zalando is ordered by UOKiK to improve customer information and give $10 vouchers to customers who bought from platform partners since January 2023. This decision follows complaints about unclear seller information on Zalando’s site.

Reshop partners with Alo Yoga and Steve Madden to provide instant refunds, backed by Afterpay co-founders and major investors. This collaboration aims to improve customer experience by eliminating refund wait times and offering immediate refunds.

Former Asos CEO Nick Beighton expresses concerns about Shein’s London Stock Exchange listing. He highlights transparency issues and raises questions about the retailer's business model. A backlash grows, risking Shein's £50bn IPO.

Chloë Sevigny and Vestiaire Collective launched a vintage shopping platform. The launch included a party in NYC. The platform offers vintage pieces from Chanel, Dior, and Margiela, with many items handpicked by Sevigny.

Gymshark eyes more stores in the US and Europe as its Regent Street flagship exceeds expectations. Founder Ben Francis highlights a quality-over-quantity approach. The next store opens in Westfield Stratford this weekend.

Shein is investing $270.5M in Europe over 5 years. $54.1M is for R&D. The $216.4M fund targets sustainability and recycling tech. This shift could reduce reliance on China and improve Shein's image before a potential London IPO.

Shein is opening a pop-up store in Johannesburg, South Africa. The store will be at the Mall of Africa and run from August 2 to August 11. Customers can view and try products but must order online. Local retailers are unhappy with Shein's tax practices.

Shein, known for its clothing, now sells Xiaomi smartphones. Prices range from $392 for a Redmi Note 12S to $1,232 for a Xiaomi 14 5G, which are higher than other stores. Consumers are advised to shop elsewhere for better deals.