onlineretail

Impending Closure of De Minimis Tariff Loophole May Impact Temu and Shein

2 days ago

In a significant development that could reshape the landscape of e-commerce, particularly for major players like Temu and Shein, the de minimis tariff loophole is set to close as of May 2, 2025. This change is poised to bring about considerable shifts in how online retailers engage in international trade, especially for goods imported into the United States.

Carvana Strengthens Financial Ties with Ally Amid Controversy

3 months ago

In a significant development for the online car retailer Carvana, the company has successfully extended its loan sale agreement with financial partner Ally Financial. This announcement comes in the wake of a short-seller report that raised questions about Carvana’s financial health and business practices, prompting scrutiny from investors and market analysts alike.

Carvana Reports Strong Quarter: Anticipates Continuing High Demand for Used Cars

5 months ago

Carvana, the online used car retailer, has announced a robust performance for its latest quarter, suggesting a sustained demand for used vehicles in the near future. The company revealed that it sold 121,423 cars during the third quarter of 2024, representing a year-over-year increase of 4%. This growth comes despite a challenging economic climate and increased competition in the automotive marketplace.