Ecommerce News

Vinted: ‘We are IPO-ready’

Thu, 01 Jun 2023 10:19:26 +0200

Secondhand fashion marketplace Vinted says that it is technically ready for an IPO. However, the company currently has no plans of going public. The CEO envisions a different type of growth for the company, to become a stronger tech company that will last for decades.

Amazon: ‘Digital euro accelerates innovation’

Tue, 30 May 2023 11:28:03 +0200

Amazon is convinced of the added value of the digital euro, which the European Central Bank (ECB) aims to introduce. The company has built a prototype for its application in ecommerce payments.

Asos is raising 80 million pounds

Tue, 30 May 2023 10:39:42 +0200

British fashion platform Asos has successfully raised 75 million pounds (86.7 million euros) from institutional investors. Additionally, it has launched an equity raise of 5 million pounds (5.8 million euros) from retail investors. With the capital injection, the company wants to improve stock control and reduce costs.

Online sales forecast for Germany tempered

Thu, 25 May 2023 12:26:31 +0200

Inflation and subdued consumer confidence are expected to dampen online spending in Germany, according to the latest announcement by Handelsverband Deutschland (HDE).

Pineca launches in the Netherlands

Wed, 24 May 2023 11:36:52 +0200

The Lithuania-based online supplier of prefabricated wooden buildings, Pineca, is launching an online store in the Netherlands. This is the company’s second expansion within Europe in this year. The company is already active in the United Kingdom, France, Germany, Italy, Spain and Portugal as well.

Jewelry marketplace Katchin expands across Europe

Tue, 23 May 2023 12:08:24 +0200

Katchin, a marketplace for jewelry, watches, and accessories, has launched in Germany and France. This expansion follows its launch in the UK earlier this year. Katchin is a venture by the Fossil Group. It operates on Mirakl’s marketplace software.

Zara Pre-Owned to expand in Europe

Tue, 23 May 2023 11:12:16 +0200

Fashion retailer Zara is planning to expand its pre-owned clothing marketplace Zara Pre-Owned across European markets in the second half of this year. One of the selected markets is the Netherlands. The platform is currently available in the United Kingdom.

Brussels aims to end exemptions on import duties

Wed, 17 May 2023 12:17:39 +0200

The European Commission is planning to impose import duties on goods up to 150 euros, which are currently exempted. Brussels has previously abolished VAT exemptions. These measures strengthen the position of traders within the Union.

Online trade differs in East and West Germany

Tue, 16 May 2023 12:08:03 +0200

Most online companies in Germany are located in the Western regions North Rhine Westphalia (22 percent) and Bavaria (17 percent). Only 1.75 percent come from the Eastern regions Thuringia and 1 percent from Mecklenburg-Western Pomerania.

Wolt expands further in Europe

Mon, 15 May 2023 15:09:40 +0200

While other flash delivery companies are downsizing or merging, Wolt is expanding its coverage area. With its launch in Vienna and Reykjavik, the Finnish company is now active in 25 countries, almost all of them in Europe. Wolt delivers orders for both restaurants and retailers.

Action launches online store in Belgium

Mon, 15 May 2023 11:59:42 +0200

Action, the discount retailer from the Netherlands, is launching its online store in Belgium. The online shop is available in Dutch and French. Action will offer around 150 products. The product range mostly consists of large items such as garden furniture.

About You focuses on profit after new doubling of losses

Fri, 12 May 2023 13:36:57 +0200

About You has plunged deeper into the red. The fiscal year ended with an operating loss of 137 million euros, more than twice the previous fiscal year’s loss, which had already nearly doubled. However, the company refers to these results as “solid performance”. It expects to break even in the current fiscal year.

PayPal most popular online payment method in Germany

Fri, 12 May 2023 11:36:35 +0200

For years, purchasing on account was the most popular payment method in Germany for online shoppers. However, in 2022, PayPal took over that place. At least 29.6 percent of online purchases were paid for with this payment method.

Bol.com partners make up 65% of trading volume

Thu, 11 May 2023 12:00:44 +0200

Bol.com, the leading marketplace in the Netherlands and Belgium, had a gross merchandise volume of 1.3 billion euros in Q1. As much as 65 percent comes from third party merchants on the platform. Bol.com currently has 52,000 partners.

Amazon leads new top 150 European marketplaces

Wed, 10 May 2023 16:02:01 +0200

Amazon fills the top two spots in a new list of leading marketplaces in Europe. The ranking is made by the German Bundesverband Onlinehandel (BVOH). The interest group also made a separate top 50 for Germany. That is also led by Amazon.

More online stores in the Netherlands than physical stores

Wed, 10 May 2023 11:38:16 +0200

On January 1^st, the Netherlands had more online stores than brick-and-mortar stores. The number of online stores was 84.1 thousand, while the number of physical stores was 82.1 thousand. In a year, the number of online stores rose 4.1 percent.

Otto partners with AI-startup Covariant

Tue, 09 May 2023 14:43:16 +0200

The Otto Group is partnering with Covariant, a company specializing in AI-driven warehouse robots. With the partnership, Otto wants to automate its fulfilment activities and increase its operational efficiency. Otto’s German fulfilment locations will be robotized first.

Chinese ecommerce giant settles in Dublin

Fri, 05 May 2023 14:04:42 +0200

PDD Holdings has opened an office in the Irish capital Dublin. It concerns the head office, according to international news outlets, but the company itself vehemently denies this. PDD is the owner of the Chinese online platform Pinduoduo and the international ecommerce comet Temu, recently launched in six European countries.

Secret Sales raises €11.3 million

Fri, 05 May 2023 10:24:37 +0200

Online fashion marketplace Secret Sales has secured 10 million dollars in a Series B funding round. The capital injection will be used to accelerate expansion into Europe, with 12 new markets. By 2025, the platform wants to be the go-to destination for non-full price retail in all main European markets.

Getir now manages the Gorillas app

Thu, 04 May 2023 10:05:39 +0200

Getir is the new manager of the Gorillas app. Users of the app were notified that their customer data will be transferred to the new owner from Turkey. Anyone who does not want this can object.