Foreign ecommerce websites are popular among online consumers in Sweden. But online shoppers also rely on local companies, such as IKEA, Netonnet and Elgiganten. The most popular online store in Sweden however, is a foreign ecommerce website.
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.
Shop Apotheke Europe, a major online over-the-counter pharmacy, saw its revenues increase to 64.3 million euros during the first quarter of this year. This corresponds with an increase of 57 percent compared to the same period last year. According to the company, the further growth is the result of its consistent acceleration of its international expansion.
Dutch online payment processor Mollie is gearing up for expansion throughout Europe in order to become the first tech-driven European payment service provider. After achieving success in its home country the Netherlands and neighboring country Belgium, Mollie has now established new teams in France and Germany.
Over half of retailers in the United Kingdom think cross-border trading will become more complex when the country leaves the European Union. However, 44 percent of retailers who sell abroad will continue with their existing cross-border ecommerce operations, while 23 percent plans to invest more in growing their business outside the UK.
More and more consumers from outside the United Kingdom are using search engines to find online retailers who are based in the UK. In the final quarter of last year the number of people who did this has increased by 23 percent.
German-based company Spreadshirt is moving beyond Europe and focusing on the American market. This step is part of Spreadshirt’s ambition to become a billion dollar business. But thanks to Brexit and the rise of protectionism it will be harder to grow internationally, the company thinks.
Online fashion search platform Fashiola will expand further across Europe. Last year, the Dutch website already expanded its presence from five to fifteen countries, but this year the company wants to launch in ten extra countries.