• Retailist Roundup
  • Posts
  • šŸ‘€ Temu accuses Shein of intimidation, Etsy faces layoffs

šŸ‘€ Temu accuses Shein of intimidation, Etsy faces layoffs

Also, learn more about the upcoming Retailist 2024 Power Player Awards

Hello from the Retailist team! We are right ahead of the busy holiday period. The e-commerce, retail, and Direct-to-Consumer (DTC) brand space is facing the busiest time of year. What's coming next?

We've handpicked a range of key news, developing trends, and upcoming opportunities from the world of retail over the last week. Dive in to explore the top stories of this week:

Retailist 2024 Power Player AwardsĀ 

šŸ”„ Application opportunities will soon open for the Retailist 2024 Power Player Awards, sign up to be notified and find details on submission requirements here.

New from Retailist

Successful Influencer Gifting Strategies

By taking a collaborative approach and involving influencers as partners in campaign planning, brands can achieve more authentic and strategic prom By Amanda Webster, Chief Operating Officer ā€“ Fund&Growotions.

Maximizing Retail Gift Card Sales: Strategies for Success in the 2023 Market Amidst Digital Shifts and Inflation

From offering bonus cards to updating in-store displays, here are some of the ways business owners can better tap into the booming gift card market this holiday season. By Mo Chaar, Chiefl Commercial Officer, GivexĀ 

Have an exclusive scoop on a retail story? Click here to email our team.

In the news: Top headlines this week

Retail sales rose 0.3% in November vs. expectations for a decline Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued easing.[CNBC]

Target showing extreme efforts to deter retail theft. The Street reports thatĀ at least one Target, however, decided to prohibit people under the voting age from the store unless they're accompanied by someone who is at least old enough to purchase alcohol. [The Street]

Online retailer Temu sues rival Shein, alleging ā€˜mafia-style intimidationā€™ The Guardian reports that Chinese-owned online marketplace Temu has sued its rival Shein, alleging that the fast fashion giant ā€œbullied, intimidated, and even detainedā€ suppliers in China as part of a campaign of ā€œmafia-style intimidationā€.[The Guardian]

Etsy shares tank after e-commerce company cuts workforce. Reuters reports that shares of Etsy Inc (ETSY.O) dropped on Wednesday after the e-commerce platform announced it would slash 11% of its workforce as it seeks to cut costs, pressured by weakening demand for handcrafted goods. [Reuters]

eBay promotes luxury consignment service with curated Jenna Lyons collection Retail Dive reports that to promote its new consignment service, which launched with a focus on high-end handbags in September, eBay has enlisted the help of Lyons, a Real Housewives of New York cast member, founder of the fake eyelash company LoveSeen and former J. Crew creative director. Lyons is consigning several items from her closet from brands like Celine, Louis Vuitton and Miu Mui,. [Retail Dive]

Payments platform Airwallex has launched a partnership with eCommerce platform Woo. PYMNTS cites the collaboration makes Airwallex an official payment extension of Woo, letting the platformā€™s 3.5 million stores accept cross-border payments via cards, digital wallets and local payment methods within minutes. Ā [PYMTS]

Job Board: This weekā€™s Top Openings in DTC, RetailTech, and more

Want to submit a role to our talent board? Email [email protected].

āœˆļø Upcoming Industry Events

ABOUT RETAILIST

Retailist Magazine is an outlet focused on modern commerce as it relates to digital innovation. The publication examines our cultureā€™s ever-evolving relationship with marketing, commerce and traditional retail. Our goal is to connect our audience to quality content and award programs for retail brands to tell their story of innovation.

These experts stand at the helm of their niche in retail and provide readers with real-time, trending insights to ensure you remain on the bleeding edge of commerce innovation. Contributing thought leaders include C-suite executives from Hubspot, Wix, Printful, Global-e, Zapaygo, TradeGala, Birdie, Inurface Media, and more.