20th January 2022:
Get up to date with this week's ecommerce headlines from around the globe.
Driver and pallet shortages are causing supply chain issues across Australia, leaving supermarket shelves bare and forcing stores to impose purchase limits on certain products.
Up to half of all drivers are unable to work due to illness or isolation, prompting the Australian Government to cut short isolation periods for drivers.
The situation is expected to worsen as Omicron spreads across the country.
ABG, who acquired Reebok from Adidas, will be bringing Reebok to China, Hong Kong, Macau and Taiwan by the end of Q1 2022.
The company has signed a long-term licensing agreement with Tristate Holdings, who will act as the sole operator of Reebok’s retail stores, e-commerce operations, and distribution within the market.
The Hut Group (THG) has handed over data to the Financial Conduct Authority (FCA), aiming to prove that investing hedge funds and stock brokers conspired together to push down the company’s share prices.
THG had a dismal IPO when the company was listed in 2020, with £2 billion wiped off the company’s value in the following months.
France-based marketplace Ankorstore has raised €250m in a Series C funding round to reach a valuation of €1.75bn, making it France’s latest unicorn.
The marketplace offers products from more than 200,000 independent retailers from 23 countries across Europe, putting a focus on local retailers and making their products more accessible.
JD.com has opened its first stores under its new brand Ochama in Leiden and Rotterdam in the Netherlands.
The Ochama stores will incorporate robot technology to pick and pack orders, offering a high-tech, seamless experience for customers.
Ochama uses a dedicated app, allowing customers to browse and purchase products before arriving at the store where robots fulfill their orders.
UK-based etailer The Very Group has released its Christmas performance figures, recording a rise of 11.5% in revenue compared to its 2019 pre-pandemic figures.
The company has also recorded a 21.9% growth in sales in the same two year period, signaling consumer’s ongoing favourability of online shopping.
The Belgian government will be invoking an EU directive to protect customers against increasing fraud reference pricing practices.
The directive stipulates that any discounted price will have to be compared to a reference price, the lowest price the product was offered within 30 days pre-sale.
WeChat has just released its official data pertaining to its users and platform insights, unveiling huge growth, especially in regards to in-app retail spending.
Mini Programs are sub-applications within the platform that allow users to manage tasks, access services, and also facilitate e-commerce transactions.
In 2020, over 100 million WeChat users used Mini Programs to shop from retail stores and retail transaction volume grew 100% from 2021 to 2022.
Shoppers born after 2000 (Generation Z) are the fastest-growing consumer demographic on Alibaba’s Tmall Global, the Chinese marketplace giant has revealed.
The number of Tmall Global users who were born after 2000 grew 70% from March 2020 to March 2021.
Tmall Global, a cross-border platform, has 100 million annual active users, with 30% of users being born after 1995.
Amazon has reversed its decision to no longer accept Visa payments on its UK site, following discussions with the payment provider.
Whilst a final agreement has not yet been made between the two parties, Amazon has promised that users would not be affected, and would still be able to use their Visa cards as payment on the platform.
Amazon had announced it would no longer accept Visa payments late last year, a move which would possibly affect thousands of UK businesses and millions of customers.
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