News
-
TikTok will open TikTokShop in these three European markets ！
It is reported that TikTok will open TikTokShop in 12 countries after the Spring Festival in 2023, including France, Italy, Spain and other traditional European countries, as well as Australia, New Zealand, Brazil and other regions, and will continue to accelerate the expansion of small shop busi...Read more -
Microsoft will lay off thousands of employees, and the technology industry may continue to lay off employees!
According to Reuters, Microsoft Corporation (MSFT. O) plans to lay off thousands of employees, and some positions in human resources and engineering departments are expected to be canceled. This round of layoffs will be the latest news in the US technology industry. Companies such as Amazon (AMZN...Read more -
European consumers continue to look for cheaper alternatives as inflation continues. This category is in great demand!
New research from eBay Ads UK has found that inflation-driven British consumers are increasingly shunning expensive vehicle maintenance and are turning instead to DIY car repairs and second-hand parts to fix their cars. Half (50 percent) of respondents said they would change their car’s wi...Read more -
Amazon encourages employees to leave voluntarily!
Amazon is encouraging buyouts among its employees as they look for ways to trim their headcount beyond massive layoffs, CNBC reports. On Tuesday and Wednesday, Amazon sent out “voluntary severance” offers to some departments, including human resources and employee services. In exchang...Read more -
“Double 11″ Germany achieved sales growth against the trend!
The just passed “Singles’ Day” shopping carnival, unlike the quiet end at home, is a significant increase in transactions in Germany. According to data from Experian, a data and analytics tool, sales by e-commerce sellers on Singles Day increased 167 percent compared to last yea...Read more -
The average European consumer buys this much online every month! Is it as high as you expected?
Most European consumers reportedly spend an average of more than 340 euros a month online. They buy the most clothes, pay the bills or order takeout. A third of that consumption is cross-border. The Irish, Germans and Israelis spend the most abroad, while the French have the lowest proportion. Pa...Read more -
Prices in Central Europe are out of control! Some people rely on “porridge” to survive.
While Western Europe is expected to have inflation under control within a year, countries in central Europe such as Poland and Hungary have seen prices stay out of control for longer than expected, Reuters reported. Central and Eastern Europe have been hit hard by inflation for months, squeezed b...Read more -
As the most fashionable country, the sales of fashion products in France have not recovered to the pre-epidemic!
According to reports, fashion sales are still unable to recover from the impact of the pandemic. According to Eurostat, the average European will spend €680 on clothing and footwear in 2021, up from €620 in 2020 but still well below the €750 in 2019. In relative terms, the sector also continues t...Read more -
Amazon to cut 10,000 jobs in Black November!
The corporate and technical layoffs began on Tuesday as Andy Jassy, Amazon’s chief executive, stepped up efforts to rein in operating costs. Amazon employees posted on LinkedIn that they were affected, and the company notified employees in various departments, including Alexa and Luna’...Read more -
All at once! TikTok is taking the lead in imitating SHEIN!
Shein’s meteoric rise has spawned a legion of imitators eager to squeeze more sales out of the pockets of Generation Z consumers, In recent months, Chinese e-commerce group Pin-Duo and ByteDance, the parent company of popular short video app TikTok, have launched Shein-like platforms Temu a...Read more -
Are consumers getting smarter? ! Nearly 70 percent of consumers think retailers will raise prices before Black Friday.
With less than a month to go before Black Friday, a survey of 2,000 consumers by consumer data researcher Idealo found that 69.8 per cent believed that retailers had raised prices ahead of Black Friday. With energy prices and other living costs continuing to rise, many sellers are having to raise...Read more -
Interest rate hikes useless? Inflation in the euro zone is above 10 and rising.
Economic growth slowed as winter approached, but at a slower pace than expected, El Pais reported. Eu and eurozone GDP grew by just 0.2 per cent in the third quarter, down from 0.7 per cent and 0.8 per cent in the previous quarter. In sharp contrast, inflation continues, hitting 10.7% in October ...Read more