Cross-border ecommerce is a very hot topic, as more and 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.
OnBuy, a major online marketplace from the United Kingdom, has started an aggressive global expansion plan. The company wants to launch into more than 140 countries by the end of 2023. The plans follow after securing 5.5 million euros in a Series A funding round last June.
The Platform Group, which has been selling fashion and shoes online in Germany for years through its brands Schuhe24 and Outfits24, is expanding to France. It launched shopping portal EnVogue, which is aimed at online fashion shoppers from France.
For certain fast-moving consumer goods categories, half of retailers and wholesalers in the European Union experience supply constraints that are based on their location. These restrictions could limit traders to source goods in, and to resell goods to, other EU countries.
Dutch department store De Bijenkorf has launched its online shop in France. In February this year, word came out that the omnichannel retailer was looking to expand its business across Europe by opening a French ecommerce website.
Dutch shipping software provider Sendcloud will be available in the United Kingdom starting today. The British expansion is a logical next step in the company's mission to offer its service across Europe. Previously, Sendcloud also expanded to Germany and France as well as other markets.
Online-only supermarket Picnic is planning to expand to the United Kingdom and France. As a result of the upcoming expansion, Picnic has exchanged its collaboration with purchasing organization Superunie for a deal with German supermarket chain Edeka.
Cross-border ecommerce in Europe was worth 143 billion euros in 2019. And 59 percent of this market, 84 billion euros, is generated by online marketplaces. Amazon accounts for 22 percent of the market, while marketplaces with European capital represent 11 percent.
Online fashion retailer ModCloth has announced its return to Europe. The decision follows after not shipping to the European market for one and a half year. But after the acquisition of ModCloth by Go Global Retail last year, the company is available to consumers in Europe again.
MultiSafepay, a Dutch collecting payment service provider, has announced today it will open an office in Germany. By making this step, the company wants to strengthen its German presence and support further growth internationally.
Afterpay has announced plans to buy Pagantis, its European rival. The Australian company is set to pay 50 million euros for the buy-now-pay-later company. The acquisition is part of Afterpay's global expansion plans.