Cross-border

Online furniture and home goods retailer Wayfair has reported a net revenue of 12.2 billion euros in 2021. In 2020, the platform made a revenue of 12.6 billion euros, illustrating that sales have decreased slightly. However, it expects to grow strongly in the coming years. It wants to surpass the 100 billion euro revenue mark by 2030.

AO, the online electrical retailer, is considering leaving the German market. The company from the United Kingdom launched there in 2014 but is struggling due to fierce competition, increasing costs and supply chain issues.

European online retailer VidaXL has rebranded its dropshipping service to dropshippingXL. Since doing so, the company has grown its product range and logistics facilities. DropshippingXL now has plans to expand to more countries within Europe.

The Dutch online seller of cushions with infrared heating, has entered the French and Danish market. In addition to these countries, the company is already active in Germany, Belgium and Austria as well. Due to its fast growth, Stoov won the number one spot in the Dutch CrossBorder Top 30.

Though Dutch consumers are still placing more cross-border orders within the EU, in Q2 2021 there was a growth of 17 percent when compared to last year. In total, they spent more than 800 million euros in online stores within the EU. This is a slower growth than in previous quarters.

Dutch parcel deliverer Red je Pakketjes launches international online sending platform Shiplee. With the new platform, Red Je Pakketje wants to expand its parcel delivery services further in Europe.

Because of the pandemic, more and more consumers find their way to online stores. It's encouraged consumers to buy from retailers they'd never ordered from before, which has made cross-border shopping grow exponentially. Can retailers take advantage from this during the holidays?

PayPal will raise the fees for payments between businesses in the United Kingdom and those in Europe. The reason for this price increase is Brexit. With the UK no longer being part of the European Economic Area, PayPal's costs are higher than usual.

Online retailers that want to become cross-border sellers and focus on growth markets, should pick Italy. The Italian ecommerce is expected to grow exponentially on short notice. To become successful, international sellers should be aware of local consumer preferences.

German supermarket chain Edeka has launched a new, international purchasing alliance. Together with European colleagues such as Picnic, Biedronka, Jerónimo Martins and Magnit, the purchasing alliance, called Epic Partners, should help with negotiating great deals with brand manufacturers.

Dutch discount retailer Zeeman is expanding its online presence in Europe. The retail chain currently has an online store in the Netherlands and Belgium, but will now also launch an ecommerce website in France and in an yet unknown market.

Delivery Hero has launched its delivery app in Germany. Under the brand Foondpanda, the app now covers four districts of the German capital of Berlin. The launch follows after testing the service and scaling it up gradually.

Eurora, which offers compliance solutions for cross-border ecommerce companies, has raised 3 million dollars (2.54 million euros). With the money, the Estonian company wants to bring its tool to a million Chinese merchants.

Dutch omnichannel retailer Coolblue will open its first physical store in Germany at the end of this year. The white goods and electronics retailer will also open five more stores in the Netherlands and Belgium this year.

ManoMano, an online do-it-yourself marketplace from France, has raised 300 million euros in a Series F funding round. The DIY platform wants to use this money to continue its expansion in Europe, particularly in Germany and the United Kingdom.