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 Shop: over 200,000 sellers in the UK

By Arjan - November 21, 2024 - Subject(s): Consumer behavior, Marketplaces.

The number of sellers on TikTok Shop in the United Kingdom has doubled within a year. According to the platform, there are currently over 200,000 businesses active on TikTok Shop, “as brands take advantage of the revenue potential of live shopping and shoppable videos”.

Most top online sellers in Europe are not European

By Arjan - November 21, 2024 - Subject(s): Consumer behavior, Cross-border, Marketplaces.

Of the thousand largest online sellers in Europe, 49 percent have their headquarters on the continent. A majority are based elsewhere, primarily in the United States or China. The share of online traffic for these non-European companies is even higher.

Shein reaches 7.7 billion euros in sales in Europe

By Pleuni - November 7, 2024 - Subject(s): Marketplaces, Statistics.

Last year, fashion platform Shein generated 7.68 billion euros in sales in Europe. This was an increase of 68 percent, compared to a year earlier. Its profitability has also increased significantly.

European Commission starts proceedings against Temu

By Pleuni - November 1, 2024 - Subject(s): Laws and regulations, Marketplaces.

The European Commission is starting a formal investigation into Temu, to see if the platform does enough to combat the sale of illegal products, amongst other issues. It also has ongoing investigations into other platforms, like AliExpress.

Alibaba introduces seller protection program in Europe

By Arjan - October 31, 2024 - Subject(s): Marketplaces, Payments, Trustmarks.

With Trade Assurance, Alibaba introduces what it calls a new standard for safe and transparent digital B2B trade in Europe. The service portfolio is initially available for businesses in France, Germany, Italy, and Spain.

Shein and Temu growth rates expected to drop

By Pleuni - October 29, 2024 - Subject(s): Laws and regulations, Marketplaces.

Next year, Asian online marketplaces Shein's and Temu's growth rates will drop significantly. This is predicted in a report published by Forrester. The expected decline is related to current complaints about the marketplaces.

Amazon UK tightens return policies for international sellers

By Arjan - October 28, 2024 - Subject(s): Cross-border, Logistics, Marketplaces.

Amazon is introducing new return policies in the United Kingdom on November 11. International sellers will be required to provide a domestic return address or issue a return label; otherwise, the customer will receive a refund without needing to return the item.

Austrians place four in five orders with foreign stores

By Arjan - October 25, 2024 - Subject(s): Cross-border, Marketplaces, Statistics.

Parcel volumes in Austria are growing significantly. However, the majority of packages, around 80 percent of the total, come from abroad. Amazon accounts for a large share of this parcel surge, and the influence of Chinese platforms is increasing. Local online retailers are losing out.

OnBuy prepares for European expansion

By Arjan - October 21, 2024 - Subject(s): Cross-border, Laws and regulations, Marketplaces.

OnBuy, a popular pure marketplace from the United Kingdom, has announced its international growth plans. By the end of this year, the rollout of 'The Cashback Marketplace' will begin across continental Europe, with the United States following next year.

Amazon implements longer return period during holidays

By Pleuni - October 17, 2024 - Subject(s): Logistics, Marketplaces.

Ecommerce giant Amazon has announced that it is implementing a temporarily extended return period. The longer return period is coming into effect during the holiday season. According to the marketplace, it will help merchants increase their sales.

eBay launches Top-Service label for German sellers

By Arjan - October 17, 2024 - Subject(s): Launch, Marketplaces, Trustmarks.

eBay has introduced a new label in Germany, allowing commercial sellers to stand out on the platform. The eBay Top-Service designation provides shoppers with insights into certain aspects of the service, such as timely shipping. This label can be compared to Amazon's Prime.

Marketplaces generate 69% of European cross-border sales

By Pleuni - October 15, 2024 - Subject(s): Cross-border, Marketplaces, Statistics.

In the financial year 2023/2024, the whole European online cross-border market achieved sales of 326 billion euros. A large majority, 69 percent, or 225 billion euros came from online marketplaces.

German ecommerce seems ready for a new growth phase

By Arjan - October 3, 2024 - Subject(s): Consumer behavior, Marketplaces, Statistics.

The days of declining online sales in Germany appear to be over. Last year the net sales of the top thousand webshops fell by 0.2 percent, not adjusted for inflation, compared to a 2.8 percent decline in 2022. A nominal growth is expected for this year.

ChannelEngine launches integration with SAP OMF

By Ecommerce News - September 25, 2024 - Subject(s): Cross-border, Cross-channel, Marketplaces.

This integration offers SAP Order Management Foundation customers the opportunity to further optimize multichannel operations across more than 950 sales channels worldwide. It also includes new AI-features. Support for OMSA is on the way.

‘Otto’s marketplace is losing sellers and is in crisis’

By Arjan - September 23, 2024 - Subject(s): Marketplaces.

With the opening of its website to third parties in 2020, Otto hoped to regain market share in the online retail market. In the initial years, the company enjoyed the benefits of the platform model, but now it has hit a snag. Fee increases, disputes with selling partners, and internal changes have led to a crisis.