Get up to date with this week's ecommerce headlines from around the globe.
Fortnum & Mason partners with Pattern to launch Tmall Global store
Fortnum & Mason is teaming up with ecommerce accelerator, Pattern to expand its online business to China. Pattern will act as the British retailer’s Tmall Trade Partner, supporting every aspect of running its new flagship store on cross-border online marketplace, Tmall Global. Pattern’s Asia General Manager, Arthur Cheung, commented, “We look for reputable international brands to partner with, and bring our expertise to support their growth in China. We deliver a data driven approach to trading on Tmall, with complete visibility for a sustainable partnership.”
Amazon to start Prime Air drone delivery service in California this year
Amazon is set to start delivering items using its new drone service in the United States. A lack of support from the Federal Aviation Administration (FAA) resulted in launch delays, but new regulations have brought down some barriers for adoption. Google’s Alphabet and Walmart are also on track to start offering similar flying delivery services.
Amazon opens its 18th Fresh store in the UK
Amazon has cut the ribbon at its 18th Fresh store in Shoreditch, London, featuring Amazon’s own ‘by Amazon’ range. All stores are now fully operational with the company’s Just Walk Out (JWO) technology, which Amazon has now started selling to other businesses.
Other marketplace news
Walmart launches TV shopping partnership with Roku
Walmart and Roku are entering a partnership to introduce “shoppable ads”, allowing streaming viewers to purchase exclusively Walmart products directly from ads on their TVs using the remote. When checking out with a product, a shopper will not be taken to Walmart.com or need to capture QR codes using other devices. In addition, the option to pre-populate payment details using Roku Pay saves the customer more time as they make their purchases.
Shopee allegedly implementing mass layoffs
As a recession looms, Sea Group’s ecommerce arm, Shopee, is not the only multinational company to be laying off workers and trying to find their feet in the global market. This is affecting employees in South East Asia, particularly Indonesia, Thailand and Vietnam.
The Hut Group rejects all recent ‘undervalued’ takeover bids
Post bidding war, The Hut Group (THG) will not be proceeding with any recent approaches for the online firm, which were thought to have been unacceptable and undervaluing. The board of directors have decided to reject the proposals and believe they will continue to perform well despite macro-economic challenges.
Klarna’s CEO believes that his business will be a ‘force for good’ amidst UK cost of living crisis
Buy-now-pay-later (BNPL) company, Klarna, could be a saving grace for those struggling with the rising cost of living in the UK. Despite recently making many of its employees redundant to cut losses, the business’s losses remain 30% under the credit industry standard, proving that it is a force to be reckoned with.
Zalando acquires a majority stake in Highsnobiety
Ecommerce giant, Amazon, has acquired a majority stake in streetwear, new luxury, and fashion creative consultancy and ecommerce platform, Highsnobiety. Zalando will utilise Highsnobiety as a strategic and creative consultant to help develop new inspiration-focused spaces and formats on its platform, while Highsnobiety will benefit from Zalando’s experience as an ecommerce platform.