Every day, Shein and Temu deliver 460,000 parcels to Germany. As both platforms violate several EU regulations, this results in unfair competition for retailers in the country. According to a recent study, this results in a yearly loss of 2.4 billion euros in added value to the German economy.
The consumer protection authority in France announced that three quarters of imported products from major online platforms failed to meet standards of the European Union. And 46 percent were non-complaint and dangerous. The regulator tested seven platforms, but did not name which ones.
Users of Vinted in Germany and Austria can now trade directly with each other. Austrian Post has joined as a new logistics partner of the platform. The second-hand fashion marketplace is valued at 8 billion euros, according to a share sale announced today.
Multichannel companies from the Nordics make up Europe’s top three best-performing cross-border ecommerce sellers. These are Sweden-based Ikea, Denmark’s Jysk and H&M, also from Sweden. Behind them, Germany’s Zalando is the first pure player on the list.
Zalando is accelerating its European expansion. After earlier announcements, Portugal and Greece are now live, marking the next step in Zalando’s strategy to strengthen its footprint across Europe. Bulgaria is expected to follow on August 1st this year. New signals suggest the rollout will not stop there.