Ceconomy, owner of MediaMarkt and Saturn, reports online revenue of more than 5.7 billion euros for the past financial year. This means the online channel now accounts for more than a quarter of total revenue for the first time. Growth is largely driven by MediaMarkt’s marketplace.
Ecommerce giant Shein has announced that it is launching a logistics center near Wrocław, in Poland. The center will become the company’s main operational hub in Europe. The area will be around 740,000 square meters.
Online retail spending in Germany has experienced notable growth. It is expected that online spending will continue to increase over the next four years, with an average annual growth of 4.2 percent. “Online retail is gaining momentum again – and the drivers are diverse.”
Online marketplaces dominate almost every stage of the purchase journey of consumers in the United Kingdom. In high-value purchases of more than 90 euros, 30 percent of shoppers in the country use marketplaces, ahead of physical stores and other websites.
TikTok Shop is significantly increasing its sales commission in the five EU countries where the service is active. As of 8 January, merchants in Germany, Spain, France, Italy and Ireland will no longer pay 5 percent, but 9 percent per sale.