ICA Sweden is making advanced plans opening an online store later this year. The idea is to give franchisees the opportunity to run their own local online ICA store, while ICA Sweden itself will start an centralized online store. “We think now the time is right.”
Although the majority of Dutch web merchants think their online store will be still active in 2020, but practice proves otherwise. Almost half of Dutch online entrepreneurs have had a revenue smaller than 10,000 euros in 2012. About 80% have never even earned an average income with their online store.
The local ecommerce market in Romania reached approximately 600 million euros in 2013. Approximately, because these are not the hard facts but based on statements given by the main players of the Romanian online retail market. According to data from GPeC, one in four Romanian internet users buy online.
Foodpanda received another 20 million dollars (€14,8mln) in funding from a group of investors. With this new investment Foodpanda, and its affiliated brand Hellofood, will try to expand its global presence. The goal is to roll out to over forty markets by the end of the first quarter this year.
Zalando has gathered three banks to advise the German fashion retailer on what may be Europe’s biggest float since the dotcom bubble. Zalando’s choice has fallen on Goldman Sachs, JP Morgan en Morgan Stanley, but the shoe and fashion store has yet to formally appoint them.
ePages, an ecommerce solution with most of its clients in Europe, saw some nice growth in the online market. For example in Germany, revenue of its users grew with 14%, while the number of orders grew by 11%. Italian users even saw their revenue increase with 59%.
The authorities in Russia have recently made some changes in the customs procedures which will impact shipments sent to private individuals in Russia. The new rules require formal entry on all dutiable import shipments intended for personal use, regardless of the shipment value. Because of this, online stores from abroad might sell less in Russia than before.
Pure player Zooplus is the big winner of the Online-Handels-Awards an German award show hosted by ECC Cologne, the German Retail Federation and Verlagsgruppe Handelsblatt’s management forum, in association with Hermes. Second place was shared by Amazon and online music store Musikhaus Thomann.
Market expansion is seen as a real ecommerce growth opportunity this year. Almost nine in ten European executives, surveyed by CyberSource, are planning to increase focus on expanding their ecommerce business into new markets in 2014. Emerging economies like Russia, Brazil and China are amongst the most popular destinations.
It may not have been all moonlight and roses for Southern Europe with the financial crises countries like Spain, Italy and Greece had to face, but in terms of ecommerce this European region is doing well. It’s expected that the total online economy of sold goods and service in Southern Europe in 2013 amounted to 39,5 billion euros.
Dutch music store Bax-shop opened its German online store this week. It’s the second foreign expansion for the Dutch company, that also has a physical store in hometown Goes. Co-founder Jochanan Bax previously told he expects to ship 50.000 parcels to customers in the very first year Bax-shop will be active in Germany.
The online ecommerce economy of the United Kingdom is expected to generate the largest trade surplus in the world, surpassing 877 million euro. Online trade for the UK and five other big ecommerce markets is expected to grow fivefold over the next seven years, from 18,4 billion euros in 2013 to 96 billion euros in 2020.
L’Oréal and eBay have finally reached a settlement in a counterfeit case that has been rumbling on for over six years. Since 2007, the two firms were arguing about the sale of counterfeit L’Oréal goods that were being sold on the online marketplace EBay.
Ask some people which country in Europe they think is the most entrepreneurial and few will come up with Ireland. But it´s true. At least by one measure. The Wall Street Journal took data from Dow Jones VentureSource on the total amount of venture capital raised by tech companies, divided by population to get the per capita figure.
Trustpilot raised 18.3 million euros in Series C financing. With the extra money the Danish company wants to expand its online reviews service to international markets. Global expension in 2013 already let to opening of offices in New York and London.