On the 5th of July this year, we all woke up to the result of the UK General Election and found a new Labour Government had come into power. Within hours the former Conservative Government was ousted from 10 Downing Street and by the afternoon power had officially transferred and the new executive had taken ..read more

Join eBay’s first-ever Love Island Live, hosted by TikTok star Coco Sarel, alongside All-Stars winner and Pre-Loved Ambassador Tom Clare, on Monday 29th July at 8pm. Fans will have a one-time opportunity to get their hands on iconic pre-loved looks fresh from the villa wardrobe and series past with all funds donated to Doctors Without ..read more

TikTok has today announced TikTok In The House, a special LIVE music, athlete and creator event broadcast from the Team GB House at Paris 2024, with over 50 top creators attending. The event will bring TikTok’s billion strong community even closer to Team GB, providing a truly unforgettable experience. TikTok say that they are proud ..read more

Amazon announced that Prime Day 2024 was Amazon’s biggest Prime Day shopping event ever, with record sales and more items sold during the two-day event than any previous Prime Day event. During the 48-hour shopping event, Prime members globally saved billions on deals across every category, and today we can reveal the Prime Day top ..read more

There will be an additional 2,100 Royal Mail electric vans added to its fleet over the next year as part of the company’s plans to achieve Net-Zero carbon emissions by 2040. The new Royal Mail electric vans, which will be the first of Royal Mail’s famous red vans to include the new King’s cruciform and ..read more

Bernstein published an interesting report forecasting a margin annual profit for Temu in 2024 with US$54 billion GMV. This represents pretty interesting growth but perhaps even more interesting is that Temu is now thought to be profitable in the US and expected to turn a profit in the rest of the world within a year – The UK, Canada, and Australia are in particular looking very good for Temu. Temu Q2 Performance Gross Merchandise Value (GMV) reached US$11-12 billion. Margins on GMV slightly improved quarter on quarter, driven by the adoption of the semi-consignment model in the US. Estimated ..read more

Amazon are writing to sellers to inform them that under section 8 of the Amazon Services Business Solutions Agreement, you must obtain and maintain commercial liability insurance within 30 days after your gross proceeds from your transactions exceed the following applicable insurance threshold during any month (or if otherwise requested by Amazon) and add Amazon as additional insured: £4,000 if the Amazon Site is the UK Amazon Site €5,000 if the Amazon Site is the DE Amazon Site, the FR Amazon Site, the IT Amazon Site, the ES Amazon Site, the BE Amazon Site or the NL Amazon Site kr 50,000 if ..read more

The ODI’s latest white paper, ‘Building a better future with data and AI’, is based on research carried out by the Institute in the first half of 2024. It identifies significant weaknesses in the UK’s tech infrastructure that threaten the predicted potential gains – for people, society, and the economy – from the AI boom. It also outlines the ODI’s recommendations for creating diverse, fair data-centric AI. Based on its research, the ODI is calling for the new government to take five actions that will allow the UK to benefit from the opportunities presented by AI while mitigating potential har ..read more

Pattern have published an analysis of the most common growth challenges facing consumer brand leaders and where they plan to invest in the near future. Among the major findings, the survey revealed executives plan to increase their financial investment in ecommerce by an average of 17% over the next 6-12 months, with 27% of brands reporting a planned increase of 25-100%. Just 10% of leaders surveyed plan to decrease their overall financial investment during the same period. To compile the snapshot, Pattern conducted an in-depth survey of nearly 200 founders and ecommerce executives at brands i ..read more

Today, perhaps the worst kept secret in ecommerce has been officially revealed…. Marketplacer were chosen by Tesco to launch their new online marketplace, which opened on the 4th of June this year. Marketplacer is a global technology platform that enables brands, retailers, suppliers, communities, and innovators to build and scale successful online marketplaces and range extension programmes. This relationship is enabling Tesco to extend its range of products in existing and new categories to enhance customer experience and boost revenue.  The strategic project, which commenced ..read more