Online marketplaces such as eBay, Amazon and Etsy are warning connected retailers who are subject to VAT in Germany. They should provide the marketplaces with proof of their VAT registration with a special certificate. The deadline for submission expires on the 1st of October.
H&M may change its business model in the near future. The Swedish fashion giant will experiment with selling external brands and products on both its online platform and in selected stores.
The top 3 of biggest ecommerce companies in Germany had a total revenue of 13.92 billion euros last year. Together, the online sales of Amazon, Otto and Zalando account for 41.4 percent of the country’s top 100 of biggest online retailers.
Supermarket Albert Heijn has entered the top 3 of biggest ecommerce players in the Netherlands. The Ahold-owned company achieved online sales of 565 million euros last year, which is more than Zalando did in the Netherlands. Only Bol.com (also owned by Ahold) and Coolblue had bigger revenues.
Danish ecommerce company Goodiebox is expanding in Europe. The beauty tech startup launched in Austria last week and just went live with pre-launch websites in Finland and Switzerland. Goodiebox will go live in these countries approximately a month from now, while the German website will be launched later this year.