ecommerce updates

THIS WEEK’S ECOMMERCE UPDATES - Friday 25th October 2019 📲

🧐 Amazon's deal with #Deliveroo examined by competition watchdog - The phase one investigation will decide whether the deal has created a serious lessening of competition in the British food delivery market - Link

🆘 Asos profits plunge 68% after a tumultuous year of IT chaos - The company said it had been wrongfooted by the extent of discounting undertaken by rivals. Link

👉Magento, an Adobe Company Amazon Sales Channel Extension for Amazon UK launched - Regardless of the Magento merchant’s location, they’re able to utilize the extension to list their products in the Amazon U.K. Link

🗣️ Forever 21 UK stores to commence £30m stock clearance sale - Forever 21 has commenced a £30m stock clearance sale from its three remaining UK stores, as its administrators look to wind up the business. Link

🚚 Amazon profits hit by rising shipping costs - The firm said it spent nearly $10bn (£7.78bn) on shipping costs in the most recent quarter. Link

👩🏼‍💻 using new tech to enhance product ingredient transparency - The e-tailer has announced a partnership with EVRELAB. Customers can hover over an ingredient on product pages & receive a plain English explanation of the ingredient type. Link