menu
lightspeed ecommerce

24% of ecommerce in Europe is cross-border

Cross-Border Commerce Europe

The total online cross-border market (excluding travel) in Europe represented a turnover of 108.75 billion euros in 2019. This is an increase of 14.4 percent compared to the situation one year before. The cross-border share represents 23.55 percent of total online sales in Europe, which is similar to the situation last year. Continue reading

65% of online retailers in Europe needed extra finance

Two thirds of online merchants in Europe have needed extra finance in the past two years. Loans carried out after the outbreak of the corona virus aren’t included in this statistic. Online merchants need a loan the most for buying equipment. Continue reading

Boohoo acquires PrettyLittleThing

Online fashion retailer Boohoo

Online fashion retailer Boohoo has acquired PrettyLittleThing. The company already owned 66 percent of PrettyLittleThing’s shares, but now Boohoo also owns the remaining 34 percent of shares. These shares come from Umar Kamani, the son of Boohoo co-founder Mahmud Kamani, and business partner Paul Papworth. Continue reading

Fashion outlet Otrium raises €24 million

Otrium

Otrium, an online fashion outlet platform from the Netherlands, has raised 24 million euros. This happened during a series B round, led by Eight Roads Ventures and current investor Index Ventures. With the money, Otrium wants to further expand its platform. Continue reading

Facebook Shops launched

Facebook has launched its own ecommerce platform called Facebook Shops. The service can be used on both Facebook and Instagram, with the products displayed through pages, stories and advertisements. In the future, placing an order in WhatsApp, Messenger and Instagram Direct will also be possible. Continue reading

Nuet Aquavit first Norwegian company to sell spirits online

Nuet Aquavit

Nuet Aquavit says it is the first Norwegian company ever to sell spirits online. The startup offers its products from their own website with global delivery. The drinks are not for sale in Norway itself. That’s because sales of alcoholic beverages have to go through state-owned channels. Continue reading

57% of Europeans shop online more than ever

Ecommerce in Europe

Europe has turned into a continent of online shoppers during the corona crisis. Since the beginning of the current contact restrictions, 57 percent of European consumers shop online more than ever. About one in three Europeans (30 percent) are spending more money on virtual experiences. Continue reading

Lidl UK installs online collection lockers in stores

Lidl

Lidl has installed lockers in 24 of its stores across the United Kingdom. This enables the supermarket customers to collect and return online orders from other retailers, such as JD Sports and Boohoo. The in-store lockers are the result of a new partnership with InPost. Continue reading

Nemlig delivers when customers aren’t at home

Nemlig

Online supermarket Nemlig has launched its largest geographical expansion in Denmark. This week, and in the coming weeks, Nemlig.com will open new delivery areas in Jylland, Fyn, Sjælland and Nykøbing Falster. The supermarket also introduces a delivery method where customers no longer need to be at home. Continue reading

Ecommerce in France will reach 115.2 billion euros in 2020

Ecommerce in France

The turnover of business-to-consumer ecommerce in France is expected to be worth 115.2 billion euros at the end of this year. This would mean an increase of 11.4 percent compared to the situation last year, when ecommerce in France was worth 103.4 billion euros. Continue reading