Fonq.nl, an online department store, will be expanding further in Europe. This year it wants to open online stores in The United Kingdom, Austria and Scandinavia. It’s also planning to acquire other online shops to further expand its product line.
Cross-border ecommerce is a very hot topic, as more online retailers are expanding their businesses abroad. Want to be inspired? Or just stay up-to-date? Read our articles about ecommerce companies who went or are planning to go cross-border.
Russia has an increasingly wealthy and Internet-savvy population of some 143 million, but ecommerce is not that big at the moment. But that could change very soon, as different international ecommerce gigants like eBay, Alibaba and Asos are expanding their presence.
eBay wants to gain more ground in the offline retail business as its new initiative Click & Collect will give customers the ability to pick up their products in store. Argos, the largest general-goods retailer in the UK, is supporting this new service from the start.
The ecommerce industry in Spain achieved a total value of 2.8 billion Euros during the first quarter of this year. It’s remarkable that 43.2 per cent of transactions are cross-border online purchases and only 40 per cent of the total volume relates to purchases from Spanish local sites.
The European ecommerce market is doing well. It’s growing faster than the US market for example. But maybe it doesn’t have to watch out for American competition, but rather keep an eye open for the Chinese ecommerce market. Sales of Alibiba Group are expected to surpass those of the total ecommerce market in the US by year-end!
The Rocket Internet powered European online webshop for furniture is preparing to enter the Swiss market. The company continues to increase its international presence with a particular focus on European markets. At the same time its increasing the size of its product assortment to more than 50,000 items, making it one of the webshops with the broadest range of furniture, lamps and home accessories available across continental Europe.
Otto Group will invest 50 million euros in its order fulfillment and parcel delivery infrastructure in Russia. The German company will also open its network to third-party retailers. With the investment the capacity of Otto’s logistics center will be doubled, creating almost 700 extra jobs by 2014.
With more than 41 million digital buyers last year and a predicted 46 million in three years, Germany enjoys the greatest ecommerce customer potential within Europe, ‘making it the clear continental leader’, says Germany Trade & Invest in its report ‘The E-Commerce Market in Germany’. “Beyond Europe, only China, the USA, and Japan record higher digital consumer numbers.”
Food delivery service Foodpanda has launched in the Czech Republic. At almost the same time the Rocket Internet company acquired a competitor in Brazil to strengthen its presence in Latin America, where it’s operating under the name Hellofood.
More than half of European consumers have made at least one online purchase last year. This percentage has almost doubled since 2006. The proportion of European consumers who make cross-border purchases has also grown, it has nearly tripled since 2006 to reach 15% last year.