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.

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.

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.

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 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.

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.

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 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.

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.

Amazon and eBay are facing a declining number of mobile app users in the United Kingdom. According to market research agency GWS, Amazon has seen a million daily mobile shoppers disappear since the beginning of this year, eBay even almost two million. Meanwhile, Shein and Temu are storming the download lists.

Following Zalando, Amazon has also lodged a legal objection against its classification as a Very Large Online Platform (VLOP) in Europe. “Amazon does not fit this description under the DSA”, the company states.

H&M's marketplace strategy is bearing fruit, according to CEO Helena Helmersson. The Swedish fashion giant is opening its doors to include more third-party brands.

Ecommerce giant Amazon is imperceptibly tracking visitors' online behavior after they leave the marketplace. Even when they did not give permission for cookies to be placed. The Dutch Foundation for Data Protection (SDBN) is starting a mass claim, as at least five million Dutch customers have been duped.

OnBuy, dubbed by The Financial Times as the 'fastest growing ecommerce company in Europe', owes its success to its independent position towards the retailers in its marketplace.

Austrian marketplace for refurbished electronics, Refurbed, has reached a financial milestone of 1 billion euros in turnover. The company is now active in eight markets.