Takeaway.com has received 74 million euros worth of funding from investment companies Macquarie Capital and Prime Ventures. It’s not the first time the Dutch company, specialized in online food ordering and home delivery, got funding as it received an investment of 13 million euros from Prime Ventures back in 2012.
Interbrand published its ‘Best Retail Brands’ list for the fourth time and this year it seems that Hennes & Mauritz (H&M) is Europe’s most valuable retail brand. The original Swedish fashion company is ranked as the top retailer in Europe with 13.11 billion euros. The world’s most valuable retail brand is Walmart, which has an estimated brand value of 95.15 billion euros.
Newegg has started a pilot program that makes a limited selection of its products available to customers in the United Kingdom and Australia. It’s an important first step in the company’s international expansion plans. In the United Kingdom, Newegg will face massive competition from online players like Amazon, Scan Computers and eBuyer.
Things are going well with Nelly, the Swedish online fashion retailer. The ecommerce company is expanding outside of Europe and it thinks that sales of its own labels will grow to account for as much as 40% of total revenue. And the fact the competition is pushing more and more online, won’t hurt Nelly’s business. The more people shopping online, the merrier!
The Swedish ecommerce industry grew 19% in the first quarter of this year, compared to the same period last year. Ecommerce continues to change the Swedish retail world and every year it takes an increasing share of the traditional retail.
More Russian consumers are shopping online, but still the lion’s share of payments happen with cash. But that may be something of the past soon, as electronic wallets are gaining some serious ground in the Russian ecommerce industry. And this of course will help drive the growth of online retail in Russia.
retailer wants to focus on flagship stores and drive the online opportunity as well as the food opportunity. In France, the Netherlands and Belgium M&S wants to offer same day delivery for fresh food.
Poland is one of Europe’s fastest growing ecommerce markets and it’s also a very strategic geographical location for those who would like to expand further into the Eastern European market. Software development company Dotcom River took a very good look at the ecommerce market in Poland and released a study, of which we’ll show the most important results.
The number of so called Click & Drives, where consumers can pick up their goods at a drive-through so they don’t have to get out of the car, went up to 2031 in France. The Click & Drives now outnumber the hypermarkets in France, of which there are 2022 of them.
There are approximately 85,000 active online stores in Spain. One in four of these online shops is based on the ecommerce software from PrestaShop. Magento and OpenCart are also quite popular. This may be the first time someone has really tried to figure out how many online stores there active in Spain.
The People’s Party in Spain rejected an amendment in the Senate from the Canarian Coalition, who wanted better ecommerce support for the Canary Islands. The Canarian nationalist political party would like to end discrimination towards the islands with regards to ecommerce. Online retailers now have to pay a lot to ship orders to the mainland of Spain.
Zara, one of the brands from Spanish multinational clothing company Inditex, still believes in the power of ecommerce and is now preparing the launch of its online store in Romania. The date of launch is April 2, so Romanian fashionistas still have to wait till next Wednesday.
Visa Europe have announced this week new partnerships with 15 European internet payment service providers, which will increase the reach of its digital wallet V.me. This service has now access to their extensive ecommerce merchant portfolios and Visa expects many more retailers will follow and be capable of processing transactions by the end of this year.
The retail turnover in Germany is likely to increase slightly in 2014. And ecommerce is entirely responsible for this growth, because brick and mortar retail sales in Germany fall for the first time in 2014. The overall retail turnover for this year will increase by 1.2%.
In the United Kingdom there are recently several activities employed and online platforms launched aimed at boosting trade with Central and Eastern Europe. A new UK-based ecommerce site for example aims to alert local companies about business opportunities in Romania, while another initiative is focused on selling British food online in Poland.