Welcome to another exciting week in the world of eCommerce and retail.

✦ Revenue & Financial Updates

📉 H&M reported weaker-than-expected Q2 earnings, posing a fresh challenge to the Swedish fast-fashion retailer's turnaround efforts. Revenue in local currencies fell 1%, compared with expectations for flat growth, amid intense competition and cautious consumer spending. (source)

📈 THG has reported a return to growth and improved profitability, with first-half revenue expected to rise around 6.5%, compared to a 2.5% decline in the same period last year. (source)

📈 Alo Yoga could be edging closer to an IPO following last month's sale of its wholesale T-shirt division, Bella+Canvas. The divestiture simplifies Alo's business and its pitch to potential investors, clearing the path for a public offering, sale or other fundraising efforts. (source)

💰 Glossier has secured $45m in debt financing from Tiger Finance, a speciality provider of debt financing. The funds will support the skincare and fragrance brand's "next chapter." (source)

✦ Partnerships & Marketplaces

⚽ ASOS has linked up with Deliveroo for a "first-of-its-kind" World Cup partnership, delivering football shirts in as little as 25 minutes across Greater London and Manchester. Customers can order from 15 men's and women's designs via the Deliveroo app. (source)

🛒 Asda is becoming the first retailer outside the US to introduce Amazon Retail Ad Service to its online stores for George and grocery. The partnership is being described as a "first-of-its-kind" deal, marking a significant step in the evolution of Asda's retail media offering. (source)

💄 Charlotte Tilbury is set to expand into selected Boots stores across the UK. The strategic partnership brings together the Puig-owned cosmetics brand and one of Britain's biggest beauty retailers. (source)

📦 Poshmark is expanding its resale inventory beyond its own app through a partnership with visual shopping platform Silvr. The integration brings Poshmark's more than 120m active listings into Silvr's visual-search app, where users can upload a screenshot or photograph an outfit and find the best matches across retail and resale partners. (source)

✦ Regulation & Policy

🇪🇺 All European online stores must now feature a "cancel order" button as of 19th June 2026. The new EU rule aims to make it as easy for consumers to cancel online purchases as it is to make them, with a single click. (source)

📊 UK consumers spend almost £5bn annually on low-cost Chinese e-commerce sites, according to new research from Barclays and Retail Economics. The findings highlight growing competition for domestic retailers and shifting consumer expectations around affordability and convenience. (source)

🇬🇧 The UK government is accelerating de minimis reforms by six months to October 2028, closing the small parcel import tax loophole that has benefited companies including SHEIN and Temu by allowing cheap products to be posted directly to consumers from China. (source)

✦ Loyalty & Experiences

🛒 Tesco has opened its Clubcard loyalty scheme to 16 and 17-year-olds, allowing younger shoppers to access member-only discounts and collect reward points for the first time. (source)

💄 Sephora is bringing its global beauty festival Sephoria to the UK for the first time. The LVMH-owned beauty retailer will host Sephoria Europe at 180 Studios in London on 16-17th October, featuring brand activations, masterclasses, creator appearances and product giveaways. (source)

✦ International Expansion

🌍 Vinted has quietly expanded into Australia, going live without prior announcement. The European secondhand marketplace will be competing with platforms including eBay in the Australian market. (source)

🇬🇧 Spanish fashion group Tendam, the group behind Cortefiel, Springfield and Women'secret, is targeting the UK as part of its international expansion. The company aims to nearly double revenue to around €3bn by 2030, with Spain currently accounting for about 70% of sales. (source)

🏬 JD.com has opened its first physical JD Mall in Hong Kong, marking the start of an ambitious expansion with plans for 6-8 more stores across the city over the next three years. (source)

That's a wrap for this week! If you found this useful or if you have any feedback, hit reply and let me know, or share it with someone in the industry who'd enjoy the read. See you next Friday. 📬

Thanks - Sue