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.

TikTok pulls the plug on Storefront

By Arjan - August 31, 2023 - Subject(s): Marketplaces.

TikTok will cease TikTok Storefront and its associated Shopify integration within the next two weeks. European merchants will need to sell directly on TikTok Shop in the future to attract customers on the rapidly growing platform.

Sneaker marketplace Laced expands into Europe

By Pleuni - August 30, 2023 - Subject(s): Launch, Marketplaces.

Online luxury sneaker marketplace Laced is expanding into Europe, with dedicated language websites for several countries. The United Kingdom-based company is first expanding to Germany and France. It is also planning to launch in Italy and the Netherlands at a later stage.

Starcart secures 3.5 million dollars

By Arjan - August 30, 2023 - Subject(s): Funding, Marketplaces.

Starcart has secured funding to explore new markets in Europe. The Finnish startup offers an ecommerce platform powered by AI that is revolutionizing online shopping.

Bol.com said to abuse power in Belgium

By Pleuni - August 24, 2023 - Subject(s): Laws and regulations, Marketplaces.

Belgian partner sellers on Dutch platform Bol.com have complained about coercive contracts and the abuse of power by the platform. The platform is said to ask for information about suppliers and a large revenue share. A member of the federal parliament has called for a hearing.

Amazon introduces charge for Prime users in the UK

By Pleuni - August 23, 2023 - Subject(s): Logistics, Marketplaces.

Starting on September 18^th, ecommerce giant Amazon will charge Prime members for same-day delivery in the United Kingdom. The fee will apply to orders under 20 British pounds (23.5 euros). Other delivery options will remain free for Prime members.

Amazon Shipping available in Europe

By Arjan - August 23, 2023 - Subject(s): Logistics, Marketplaces.

Amazon is making a fresh start with Amazon Shipping, the shipping service that online retailers can also utilize for orders beyond the platform. The service has been reintroduced in the United Kingdom and is now also accessible to online retailers in France, Italy, and Spain.

MediaMarkt marketplace has more than 1,000 sellers

By Arjan - August 15, 2023 - Subject(s): Marketplaces.

There were 1,060 external sellers active on the MediaMarkt marketplace at the end of July. Ceconomy, the owner of MediaMarkt and sister chain Saturn, welcomes the ‘significant increase’ in marketplace sales, as stated in the reporting on its third-quarter results.

Hawesko is launching a marketplace

By Pleuni - August 14, 2023 - Subject(s): Marketplaces.

German wine retailer, Hawesko Group, is launching an online marketplace. The marketplace will operate in addition to its current online shop. With the marketplace, it wants to offer a one-stop shopping experience for premium wine purchases.

Amazon changes payout period

By Pleuni - August 11, 2023 - Subject(s): Marketplaces.

Ecommerce giant Amazon has announced that it will make changes to its payout period. Sellers in the United Kingdom and Europe will have to wait until a week after the delivery of an item to receive their proceeds. The change will come into effect in phases in the upcoming month, until September 6^th.

Mirakl secures 100 million euros

By Pleuni - August 7, 2023 - Subject(s): Funding, Marketplaces.

Marketplace solution provider Mirakl has secured 100 million euros in debt financing. The funding will be used to enhance its technology and to finance acquisitions. The company was already valued at over 2,92 billion euros in 2021, after a Series E funding round of 468 million euros.

Zalando: more profit, but lower trading volume

By Ecommerce News - August 3, 2023 - Subject(s): Marketplaces, Statistics.

Zalando reported an 87 percent surge in adjusted earnings before interest and tax (adjusted EBIT) in the second quarter. On the other hand, the value of the trading volume declined by two percent to 3,7 billion euros. Because of these results, the platform expects the adjusted EBIT in 2023 to be 300 million euros to 350 million euros.

Wehkamp turnover €433 million last year

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

In 2022, Dutch online department store Wehkamp, made 433 million euros in turnover. This is a decrease of 9 percent compared to the year before. The company’s net loss came to 22 million euros.

Large marketplaces often more expensive

By Ecommerce News - July 28, 2023 - Subject(s): Marketplaces.

Many online shoppers buy on platforms such as Amazon or Ebay. German price comparison platform Idealo conducted an analysis. The result: about 80 percent of the cases, other online shops offer better prices than leading marketplaces.

Amazon seeks Dutch distribution centre

By Ecommerce News - July 17, 2023 - Subject(s): Logistics, Marketplaces.

Amazon wants to open a distribution centre in the Netherlands of 100,000 square metres. The ecommerce giant has been operating there since 2015 and has a Dutch online store since 2020. Currently, it delivers most orders from a delivery centre at Schiphol Airport, while its products come from Germany.

Zalando, About You and Yoox Net-A-Porter expand sustainability platform

By Pleuni - July 17, 2023 - Subject(s): Marketplaces.

Fashion giants About You, Yoox Net-A-Porter and Zalando are expanding their ‘Fashion leap for climate’ initiative. The climate learning platform will now be extended to 250 brand partners. Last year, in the platform’s first year, it included 55 brands.