Temu
This coverage explores Temu’s entry, growth strategies, and market activities within the UK retail sector. Reporting highlights its pricing tactics, supply chain model, marketing approaches, and competitive impact on established retailers. Designed for retail executives and brand managers, the coverage provides insights into how Temu’s presence influences consumer expectations, market dynamics, and operational benchmarks across the industry.
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Jul- 2024 -4 JulyGovernment
EU proposes new custom duties to curb Chinese imports
The EU has reportedly drawn up plans to impose custom duties on cheap products from Chinese online retailers such as Temu and Shein in a bid to dampen a rise in what it has called “substandard items”, the Financial Times has reported. The FT reported that The European Commission plans…
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May- 2024 -23 MayNews
Today’s news in brief-23/5/24
The Very Group’s pre-tax losses narrowed to £2.1m for the 39-week period ending March 30, down from £11.7m the previous year, despite a slight dip in total revenue by 0.8% to £1.6bn. Very UK, contributing 86% of the group’s sales, saw a revenue increase of 1% to £1.4bn. However, Littlewoods…
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23 MayOnline & Digital
Temu owner sales rocket 131% in Q1
The owner of Temu, PDD Holdings, has welcomed a strong first quarter of trading as sales rocketed 131% to RMB86.8bn (£9.4bn), up from RMB37.6bn (£4bn) the prior year. Sales more than doubled largely due to an increase in revenues from its online marketing services and transaction services. Online marketing services…
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Apr- 2024 -15 AprilNews
Today’s news in brief-15/4/24
Dr. Martens has initiated legal action against online retailer Temu for alleged trademark infringement. Dr. Martens claims that Temu used keywords like “Dr. Martens” and “Airwair” in Google ads to promote its boots, gaining visibility over Dr. Martens’ authentic products. While the lawsuit was filed in the High Court, the…
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15 AprilClothing & Shoes
Dr Martens sues Temu over alleged Google ad trademark infringement
Dr Martens, the British footwear brand, has filed a lawsuit against online retailer Temu last week, over a trademark infringement, according to the Times. Dr Martens has alleged that Temu has advertised with Google, using keywords like “Dr Martens” and “Airwair”, to promote its boots sales. As a result, Temu’s…
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Mar- 2024 -21 MarchNews
Today’s news in brief-21/3/24
Reports suggest that Kingfisher, the owner of B&Q, is contemplating a bid for Homebase’s stores in the Republic of Ireland, signalling a potential rebranding of the Homebase outlets under the B&Q fascia. Homebase, currently owned by Hilco Capital, operates eight stores in Ireland and has been exploring a sale of…
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21 MarchOnline & Digital
Temu revenues double to £27bn in FY23
Temu owner PDD Holdings has reported total revenues at the discount e-retail group hit ¥247bn (£27bn) in the full year to 31 December 2023, nearly doubling from ¥130bn (£14.2bn) in 2022. The group attributed its financial performance to its marketing efforts, which led to more transactions. As a result, operating…
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Jul- 2023 -11 JulyOnline & Digital
Amazon UK has lost 1 million app users, study finds
Amazon UK has lost over 1 million app users since the start of the year amid an emergence of international ecommerce rivals, according to research from mobile analytics and business intelligence firm GWS. Using data collected from GWS’ opt-in, app-engagement panel of 5,200 participants (18+) from around the UK, GWS…
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