Today, Casino Group announced a project to create an ecommerce platform which combines businesses of Cdiscount and Nova Pontocom. With this transaction a major global ecommerce pure-player arises and the goal is to file for an IPO. Cause that may be a lot easier when the ecommerce division of Casino Group is independent from the supermarket division of the France company.
Seven in ten Nordic residents shopped online for a total value of 4.9 billion euros during the first quarter of this year. The most frequent shoppers can be found in Norway, as 75% of its inhabitants bought something online during the first three months of this year.
There’s still a massive lack of multichannel integration in the United Kingdom, as 50% of retailers with stores, still don’t allow unwanted goods bought online to be returned to a store. This number hasn’t really changed in the last seven years, a new study shows.
Amazon has expanded its distribution centre in Italy. In Castel San Giovanni, placed in the province of Piacenza, one of Europe’s most innovative distribution centers arises. It’s 70,000 square meters big and by opening this new distribution center there will be about 1,000 new jobs.
The Otto Group finally revealed its longtime secret project Collins. Using an open platform for third-party developers and contributors, the startups wants to attract young buyers. According to chief Benjamin Otto its claim is to make shopping for the younger generation as unique and inspiring as their digital world already is. “Ecommerce is still at the beginning of a new digital era.”
The ecommerce industry in Sweden continues to grow strongly. Online sales in the first quarter of 2014 increased by 16 percent and this growth was especially noticeable in sectors that previously had limited online sales. Predictions are the ecommerce turnover of Sweden will reach 4.70 billion euros this year.
The ecommerce industry in Europe has reached a turnover of 352 billion euros in 2013. Which makes this region a bigger ecommerce market than Northern America or Asia Pacific. The biggest ecommerce countries in Europe are the United Kingdom, France and Germany, as they account for 60% of all online sales.
Ozon has raised 108 million euros in funding from holding company Sistema and telecommunications provider MTS. Both parties have invested 75 million dollars (€54mn) in exchange for a 10.8% stake each. Russia’s largest ecommerce company is now valuated at about 500 million euros.
The number of cross-channel consumers will increase in the future. By 2018, about 44% of in-store sales will have been influenced by the internet. In the next few years, more people will research products at home or in the store using a sales assistant’s tablet or their own mobile device before they decide to buy something in store.
The new ecommerce company Funera wants to make it cheaper to die. The Swedish startup offers funerals costing 590 kronor (€65) whereas a simple funeral costs between 15,000 and 20,000 kronor (€1656-€2208) in Sweden. Funera has lower margins on their coffins, but they also want to cut costs for personal meetings and administration.
The online retail industry in Russia was worth 9.41 billion euros in 2013, which corresponds to a 34% increase on 2012. According to recent research, this growth will continue, taking the annual ecommerce revenue in Russia to more than 20.34 billion euros by 2016.
Of all Polish internet users, 24 percent do their grocery shopping online. This number indicates a growing popularity among Polish shoppers as two years ago only 8 percent of the internet users declared they had some experience with online grocery shopping. Last year this number grew to 13 percent.
Partly as a result of lawmakers wanting to create a single online retail infrastructure and regulation, cross-border ecommerce is thriving in Europe. As a matter of fact, more than a quarter of online shoppers in the European Union have made purchases from other EU countries. In the Euro area this share is even higher.
LoyaltyLion has closed a seed funding round of 370,000 euros led by EC1 Capital. The European social loyalty platform enables small ecommerce stores to offer a loyalty scheme that rewards customers for all sorts of activities. It’s compatible with commonly-used ecommerce platforms like Shopify, Magento and SEOshop.
Russian consumer electronics chain M.video wants to grab more market share and in order to achieve this the retailer plans to bring its prices into line with rivals like Ulmart. “Only the price factor can still potentially limit shopping with us, so we will take this issue off the table,” says M.video’s CEO Alexander Tynkovan.