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Retail

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AliExpress just made a major move in Europe, opening their first European stationary shop in Madrid, Spain. The Spanish shoppers are beating a path to the shop's door. Hundreds of shoppers spent up to two nights waiting outside the first-ever European branch of the Chinese e-commerce giant's store before it opened last Sunday morning. Those shoppers will be the first to purchase their latest-generation technology.

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Breuninger is opening up shop in Switzerland. The German company's online business has been open in Germany for 10 years and is just 2 years old in Austria. With a successful start in Switzerland, they will finally be active in the entire DACH (Germany, Austria, Switzerland) region. Breuninger has had a lot of success with its online shop in Germany. Operations in almost the entire German-speaking world will be a feather in the cap of the fashion and lifestyle company.

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Alibaba is on the up and up. Another successful business quarter has been chalked up, seeing the Chinese e-commerce giant's profits almost double. The net profits were up to $2.1 billion for the quarter finishing 30 June 2019. Year-on-year, that's a whopping 96% growth.

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Deliveroo is pulling out of Germany. Consumers in the middle-European country don't make orders as often as consumers in the UK or the Middle East. Even though Deliveroo is backed by the deep pockets of Amazon.com Inc., this abrupt stop to their delivery service from Germany comes after 4 years of trying. Deliveroo is the latest in an ever increasingly cut-throat industry.

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The online retailer Otto is getting together with the shopping centre operator, ECE. In a new joint venture called Stocksquare, they want to link offline and online shopping. The goal in mind is to give offline sales a boost at ECE shopping centres and to expand Otto's online assortment. The two major German companies partnering up isn't a surprise, because both are a part of Otto Group.

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Apple has rolled out its Apple Card. In a partnership with Goldman Sachs, the preview has launched this week, with the card becoming widely available to all iPhone owners in the U.S. later this month. CEO Tim Cook said the card would arrive in August on the company's last earning call, which was confirmed at the end of last month.

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