Marketplaces

Looking for popular online marketplaces in Europe? If not, please read further. Whenever you ask someone what comes up in their mind on hearing the word ‘ecommerce’, there’s a big chance they will come up with eBay or Amazon. And can you blame them? These marketplaces are amongst the biggest and most successful ecommerce players in the world. Marketplaces are very popular among consumers as they often offer a very wide range of merchandise, all on one site.

Vinted considers raising 200 million euros

By Pleuni - October 31, 2023 - Subject(s): Funding, Marketplaces.

Secondhand fashion platform Vinted is considering a secondary share sale, worth more than 200 million euros. The platform, which is currently operating at a loss, is looking into its capital structure. This means that is currently not planning an IPO.

Bol still dominant seller on its own platform

By Pleuni - October 24, 2023 - Subject(s): Marketplaces, Statistics.

Based on turnover, many of the 30 biggest brands sold on Dutch marketplace Bol are brands that sell products in consumer electronics and domestic appliances. However, when looking at the amount of sales brands in toys and personal hygiene dominate the top-30. At the same time, brands that are sold by Bol itself have 64 percent share of the total turnover.

Renewable energy projects Amazon created 3,900 jobs

By Ecommerce News - October 23, 2023 - Subject(s): Marketplaces.

Amazon’s renewable energy initiative across Europe had a recent addition of 39 new projects that have significantly bolstered the continent's clean energy capacity. In 2022 alone, these endeavors brought about 2.4 billion euros in economic investment and created over 3,900 jobs.

Marketplaces generate 63% of cross-border turnover

By Pleuni - October 13, 2023 - Subject(s): Cross-border, Marketplaces.

Last year, the total online cross-border market in Europe generated a turnover of 265 billion euros. At least 63 percent, 167 billion euros, was generated by marketplaces. These data include global cross-border sellers, such as Amazon and AliExpress.

Mango stops selling other brands online

By Ecommerce News - October 10, 2023 - Subject(s): Marketplaces, Online store.

After two years, Mango has stopped selling other brands on its own marketplace. The Spanish fashion retailer had been offering products from brands like Rituals through its own channels. This decision comes after Mango recorded an online sales growth close to 10 percent during the first half of 2023.

Fnac Darty and CEVA Logistics launch Weavenn

By Pleuni - October 5, 2023 - Subject(s): Cross-channel, Logistics, Marketplaces.

Fnac Darty and CEVA Logistics are establishing a joint venture, called Weavenn. The new venture will offer SaaS marketplace technology solutions, as well as logistics. It is set to be operational as of 2024.

Boohoo’s revenue loss escalates

By Arjan - October 5, 2023 - Subject(s): Marketplaces.

Boohoo Group reflects on a meager half-year in which revenue declined by 17 percent. Particularly in the United Kingdom, which accounts for most of its revenue, the company suffered significantly. The group's loss (adjusted EBIT) amounted to 3.9 million pounds.

Smatch launches platform to tackle overstock

By Ecommerce News - October 2, 2023 - Subject(s): Launch, Marketplaces.

Overstock is a big challenge in the fashion industry. German startup Smatch has recently launched a B2B platform to tackle this problem. Retailers can offer their excess stock for sale through the platform. Currently, the platform is active in the textile sector, but it wants to add other sectors soon.