Australian Fashion Labels has been acquired by a group of private investors, the company has shared.

Myer is reporting strong online sales growth, despite total sales dropping by 13.1 percent in its HY results for FY21. 

Online re-sale platform, Vestiaire Collective, receives hefty investment from Kering and Russian e-commerce retailer, Wildberries, is expanding across Europe. Stay tuned as we round up the global e-commerce news that happened this week.

Kogan has hit a new milestone of reaching three million active customers and increases its Gross Sales to over $300 million in the first half of FY21. 

Australian Consumer Confidence has dropped 0.7 points as Victoria comes out of its third lockdown, reported Roy Morgan. 

Adore Beauty has reported a record-smashing first half and is now ahead of its prospectus forecast.

MyDeal.com.au Limited (ASX:MYD) is reporting strong growth in its H1 FY21 results, with increases across gross sales, profit, revenue and active customers. This follows its successful IPO in October 2020. 

Is Aldi finally taking the plunge into e-commerce? According to reports, the German supermarket giant is planning its first steps towards selling online.

Welcome to Power Retail Sparks, a roundup of the global e-commerce news that happened this week. We will update the news stories as they happen. Stay tuned.

Booktopia had a huge Christmas last year and is continuing to flourish, according to its HY21 results, only a few months after launching on the ASX.

Poshmark has just landed Down Under, only weeks after listing on NASDAQ. This is the first expansion for the company outside of North America.

Australian retail turnover has lifted 0.6 percent in January, according to the preliminary figures released by the Australian Bureau of Statistics.