Online luxury fashion retailer Mytheresa says “high-spending, wardrobe-building” consumers helped drive a strong quarter. The Dutch company on Tuesday (Feb. 11) released earnings showing sales up a little more than 13% for the quarter, with CEO Michael Kliger praising the efforts of “big spenders” in...
eCommerce giant Temu is reportedly overhauling its Chinese supply chain following new U.S. tariffs. In a change that could lead to higher prices, the shopping platform will move away from a model in which merchants allowed Temu to handle things like price-setting, shipping and marketing,...
In a world where eBooks are gaining popularity, traditional bookstores face an uphill battle to stay relevant. While Amazon continues to dominate the digital book market, independent bookstores have struggled to adapt to the shift. But one company is determined to change the narrative. Bookshop.org,...
The European Commission is encouraging European Union (EU) regulators and legislators to do more to mitigate the risks posed by the growing number of low-value imports being sold via online retailers and marketplaces. The Commission said in a Tuesday (Feb. 4) press release that it...
For merchants the world over, the bid to improve eCommerce checkout — boosting sales as a result — is a bit of a tightrope walk. It’s critical to balance the desire to let more transactions through with the risks of doing so. After all, fraudsters...
A proposed customs reform in the European Union would reportedly shift the responsibility of being an importer from individuals who purchase goods online to the online platforms that sell them. This change is included in a draft proposal that is set to be published Wednesday...
The additional tariffs imposed by President Donald Trump on China, Canada and Mexico reportedly include a provision that will eliminate a longstanding rule that allows small packages to enter the U.S. without a paying a tariff. This rule — the “de minimis” exemption that applies...
Auction house Sotheby’s reportedly shut down its Buy Now eCommerce business in mainland China, though it will continue that business in Hong Kong. The Buy Now program was shut down in China in recent months amid a slowdown in demand in that market, the Financial...
The soon-to-be-released recurring payments feature of Brazil’s payment system, Pix, is reportedly expected to draw $30 billion in eCommerce payments alone to Pix in two years. The recurring payments feature, Pix Automático, is expected to launch in June and will allow users to automate the...
