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Temu continued to suffer double-digit sales drop in the US as the online marketplace cut spending on advertising, adding to a slump caused by tariff-induced hike in product prices since April.
According to the newsletter Chinesellers, Temu is also shifting away from tighter control over its supply chain and offloading more of the work, including “initial shipping, customs clearance ...
One Chinese Temu seller tells WIRED that while their US listings have been removed, their overall sales have increased due to growth from other regions. Update 5/2/25 8:00 am EST: This story has ...
Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes and home appliances before tariff-led price increases set in.
Chinese online retailer Temu will be investigated over whether it may have breached rules aimed at preventing the sale of illegal products, EU tech regulators said on Tuesday, in a move which ...
Compared to a year ago, Temu’s weekly sales dropped more than 25% in the period from May 11 through June 8, according to Bloomberg Second Measure, which analyzes credit and debit card data.
BRUSSELS (Reuters) -Chinese online retailer Temu will be investigated over whether it may have breached rules aimed at preventing the sale of illegal products, EU tech regulators said on Tuesday ...
Temu's sales also decelerated, though at a slower rate, from 15.4% to 14.4%, which Earnest's head of marketing, Michael Maloof, said was in line with its usual weekly fluctuations.
The European Union has opened an investigation into e-commerce platform Temu looking at whether the company is doing enough to combat sales of illegal products on its site.
Shein sues Temu over copyright infringement, alleges rival loses money on every sale By Gabrielle Fonrouge,CNBC • Published August 20, 2024 • Updated on August 21, 2024 at 8:23 am BOOKMARKER ...
BRUSSELS (Reuters) -Chinese online retailer Temu will be investigated over whether it may have breached rules aimed at preventing the sale of illegal products, EU tech regulators said on Tuesday ...