Sephora acquires Feelunique
Omnichannel beauty retailer Sephora has signed an agreement to buy Feelunique, an UK online retailer of prestige beauty products. The transaction is expected to complete later this year.
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‘Amazon accepts Bitcoin by the end of 2021’
Amazon is said to accept Bitcoin payments by the end of the year. Ethereum, Cardano and Bitcoin Cash will be next in line. And then Amazon will release its own native token, an insider says.
Continue reading1 in 3 UK retailers don’t offer next-day delivery
While 45 percent of British consumers say that next-day delivery would make them more likely to shop with a merchant, 66 percent of retailers offer this kind of service. Also, some retailers fail to meet consumers' needs regarding free delivery.
Continue readingNano-warehousing provider Noyes raises 3.2 million euros
Noyes, a German provider of very small warehouses, has raised 3.8 million dollars (3.23 million euros) in seed funding. The investment comes at a time where there are many instant-delivery providers looking for storefronts that can be converted into small warehouses.
Continue readingInstant-delivery platform Jokr raises 144 million euros
Jokr, an instant-delivery retail platform from German entrepreneur Ralf Wenzel, has raised 170 million dollars (144 million euros) from investors. The funding round comes barely four months after the startup launched in Europe and the Americas.
Continue readingInstabox’s revenue: from 6 to 24 million euros
Parcel delivery service Instabox has quadrupled its revenues in Sweden last year. Sales went from 6 million euros to 24 million euros. At the same time, the number of users grew more than 150 percent. Currently, over 2 million people in Sweden use the company's parcel locker solution.
Continue readingEcommerce compliance solution Eurora raises 2.5 million euros
Eurora, which offers compliance solutions for cross-border ecommerce companies, has raised 3 million dollars (2.54 million euros). With the money, the Estonian company wants to bring its tool to a million Chinese merchants.
Continue readingOver 500 million ecommerce users in Europe in 2021
Ecommerce in Europe is set to cross a major milestone in 2021, as the number of ecommerce users will probably pass 500 million. The penetration rate is also projected to reach almost 60 percent.
Continue readingLargest marketplace sellers account for 88% of GMV
Large marketplace sellers play an essential part on online platforms. They contributed 88 percent of marketplaces' Gross Merchandise Value during the first quarter of this year. But small and medium-sized sellers are on the rise: they doubled their contribution in that same period and even tripled in the past year.
Continue readingInstallment payments in demand in France
Payment by installment has become increasingly popular in France. It seems that 30 percent of French consumers have already resorted to installment payments.
Continue readingLatvian startup PrintOnPack.com raises 450,000 euros
PrintOnPack.com, a sustainable packaging startup from Latvia, has raised 450,000 euros from SuperHero Capital. The company will use the money to further grow its team, develop the platform and to increase order volumes and revenue.
Continue readingGerman ecommerce companies are generous with return policy
Major online retailers in Germany are, in general, very generous when it comes to their return policy. Every second retailer extends its return period beyond the legal minimum. And 13 percent of ecommerce companies who specify a time period for remittances pay earlier than promised.
Continue readingLatvijas Pasts builds home parcel locker network in Latvia
Latvijas Pasts, the state-owned postal service provider from Latvia, has announced it's building a network of home parcel lockers in Latvia. The network will be open to all logistics service providers and consists of lockers created by Cleveron, an Estonian tech company.
Continue readingCoolblue opens first physical store in Germany
Dutch omnichannel retailer Coolblue will open its first physical store in Germany at the end of this year. The white goods and electronics retailer will also open five more stores in the Netherlands and Belgium this year.
Continue readingEcommerce software Pakk launches in Europe
Pakk, an ecommerce software provider from Estonia, has officially launched. The software-as-a-service platform was in development since 2019 but is now available to small businesses in Europe. The company wants to provide a true "all-commerce" platform at prices any small business can afford.
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