News
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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 -
Amazon’s ecosystem: Advertising is Growing faster than Google and Facebook!
Amazon’s AD business has reportedly grown faster than Google’s and Facebook’s every quarter for the past three years. While Amazon’s AD revenue is far smaller than the other two giants, it is growing much faster than Google and Facebook. Amazon’s advertising business...Read more -
With Black Friday just around the corner, newbies start speeding up the Central Europe Highway for 2 weeks!
Alibaba’s logistics arm Cainiao officially launched the “Dongguan-Liege” route between China and Europe on Monday, which will reach Liege in Belgium in as little as two weeks, increasing the transportation efficiency by 10 days, in order to ensure the efficiency of multiple cros...Read more -
With this year’s sales season just around the corner, Adobe has come up with six marketing patterns that are fueling e-commerce sales.
1. Artificial intelligence Ai enables brands to learn more about consumers and provide communication based on their interests. For example, a listing can be edited by differentiating the placement of the product on the network. Another option is chatbots. According to a Hubspot report, nearly 50%...Read more -
Amazon lost over $200 billion in market value!
More than $200 billion of Amazon’s U.S. stock market value was wiped out in extended trading on Thursday, Reuters reported. Amazon shares plunged 17% after the opening bell, wiping out $190 billion in market value, after the retail and tech giant forecast a sales decline on promotional days...Read more -
“The birds are free,” Musk said as he laid off Twitter’s management.
Elon Musk completed the acquisition of Twitter on Thursday afternoon in San Francisco. His first move after the acquisition was to fire CEO Parag Agrawal, CFO Ned Segal, and legal officer Vijaya Gadde, who received multimillion-dollar payoffs and Musk officially became the company’s top exe...Read more -
Euro Zone inflation hits 70-year high, ECB still set for another big rate
Economic growth in the euro area is reported to be slowing markedly, but the European Central Bank is poised to raise interest rates sharply again. Now central banks in Latvia, the Netherlands and Germany are sounding the alarm as inflation in those countries reaches double-digit levels, the high...Read more