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Basicnet Revenue Jumps 21.6% in First Nine Months on Woolrich and Sundek Acquisitions

Ut World October 27, 2026 0

Italian fashion group Basicnet reported a 21.6% increase in consolidated revenue to €369 million in the first nine months of 2026, compared with €303.4 million in the same period last year. The Turin-based company’s growth was driven partly by the addition of Woolrich and Sundek to its brand Continue Reading

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Temu Proposes Consumer Protection Changes After €200 Million EU Fine

Ut World October 26, 2026 0

Online shopping platform Temu has pledged to strengthen consumer protection measures following a €200 million fine imposed by the European Commission for violating the European Union’s Digital Services Act (DSA). The company has submitted proposals to the commission, which has initially accepted them. Temu has four months to implement the proposed changes, including Continue Reading

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Shopify Reports 136% Surge in UK Cross-Border Sales, Driven by AI

Ut World October 14, 2026 0

UK businesses using Shopify have recorded a 136% increase in cross-border e-commerce sales since 2022, according to new research by the Canada-based e-commerce platform. The company’s Entrepreneur Effect report revealed that Shopify-powered businesses generated £71.1 billion in economic activity in the UK alone, supporting 479,000 jobs over the past year. Globally, these Continue Reading

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Nike Tightens Online Sales Strategy in China to Win Back Shoppers

Ut World July 22, 2026 0

Nike is overhauling its online sales strategy in China by directing customers to its official digital channels in an effort to rebuild consumer trust and strengthen its premium brand image amid rising competition from domestic sportswear companies. Starting in January, major retail partners will stop selling Nike products online and instead focus on in-store sales, […]Continue Reading

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EU Slaps AliExpress With €550 Million Fine Over Illegal Products

Ut World July 20, 2026 0

The European Commission has imposed a record €550 million fine on Chinese e-commerce platform AliExpress for failing to prevent the sale of illegal products, including counterfeit clothing, unsafe toys, and hazardous cosmetics. The penalty, issued under the EU’s Digital Services Act (DSA), follows findings that the company did not adequately remove illegal listings Continue Reading

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EU Slaps Temu With €200 Million Fine Over Illegal Product Sales

Ut World May 28, 2026 0

Chinese online retailer Temu has been fined €200 million ($232 million) by European Union regulators for failing to adequately prevent the sale of illegal products on its platform. The penalty marks the second major enforcement action under the EU’s Digital Services Act (DSA), following a lengthy investigation triggered by complaints from consumer advocacy group BEUC […]Continue Reading

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Galderma Q1 Sales Surge 25.5% as US Demand Drives Growth

Ut World April 23, 2026 0

Swiss skincare company Galderma reported a strong start to the year, with first-quarter sales rising 25.5% in constant-currency terms to $1.47 billion. The Zug-based firm was buoyed by robust demand in the United States, where sales jumped 41.5% year-on-year between January and March. Popular brands such as Cetaphil and Restylane contributed significantly to the growth, Continue Reading

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Klarna Reports 75% Surge in Resale Usage as Consumers Turn to Asset-Based Spending

Ut World April 22, 2026 0

Klarna has reported a significant rise in the use of its in-app resale feature, with activity growing by more than 75% over the past year. The company noted a sharp increase in listings created through its platform over the last 13 months, highlighting a shift in consumer behaviour as more users seek to earn money […]Continue Reading

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Independent Fashion Retailers Drive Growth, Gain Dominant Market Share

Ut World April 16, 2026 0

Independent fashion retailers are emerging as a powerful force in the global fashion ecosystem, with their share of total transaction volume rising from 49% to 62% over the past five years, according to data from JOOR. Reflecting this surge, 51% of independent brands reported year-on-year growth within the independent channel—significantly outperforming multi-brand Continue Reading

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France Court Rejects Government Bid to Suspend Shein Marketplace

Ut World March 19, 2026 0

A Paris Court of Appeal on Thursday rejected the French government’s attempt to suspend Chinese online platform Shein’s marketplace, upholding an earlier ruling delivered in December. The initial decision had dismissed the request to block the platform in France for three months, stating that such a move would be “disproportionate.” The government had subsequently appealed Continue Reading