Klarna has launched its own financing program for SME retailers in Europe. The new initiative is called Boost and is aimed to further support retailers in accelerating their growth. The company promises the application process will be simple and straightforward.
Migros, the largest supermarket chain of Switzerland, is bringing back the famous Migros wagons, but with a digital twist. In the Bern region, the company is testing Miacar, a new delivery service that resembles the Dutch online grocery startup Picnic that’s currently shaking up the German market.
Ecommerce in Russia was worth over 14 billion euros in 2017. This corresponds to an increase of almost 13 percent compared to the situation one year before. For this year, it’s forecasted that ecommerce in Russia will grow again with a similar percentage, so it will be worth 15.9 billion euros.
Jingle, a startup from Vienna, wants to be a local alternative to major online retailers. With its marketplace app, consumers can easily browse and find products from local retailers. This month, Jingle has received a six-digit investment from Umdasch, an Austrian company that realizes stores for retail companies.
Zalando, the personal styling service of Zalando, has expanded to Sweden. The company has also made a French version of its service available to its customers in Belgium and Switzerland. Zalon by Zalando is now available in six markets across Europe.
Bol.com, the major Dutch online retailer, is transforming into a marketplace for third party sellers. Nowadays, there are over 20,000 sellers active on the Bol.com platform and they account for about 40 percent of the company’s sales.
The ecommerce website of DIY retailer Homebase has finished last in an annual online shops survey. Many customers in the United Kingdom weren’t satisfied with their online shopping experience at Homebase.co.uk over the past six months.
The United Kingdom is the third largest mobile commerce market in the world. Mcommerce in the UK is worth 55.9 billion euros. With this mobile sales figure, the European country ranks third world wide, with only China (652.6 billion euros) and the US (183.2 billion euros) performing better.
German startup Lesara has filed for insolvency at its headquarters in Berlin. For many, this comes as a surprise, as the online store grew very fast and just opened a new logistics center. Also, the fashion and lifestyle retailer raised tens of millions of euros in funding over the last five years.
Centra, an ecommerce software provider from Sweden, is ready to conquer the international market. The company, which focuses on online retailers active in the fashion and lifestyle industry, has not made any marketing efforts to date, but is now recruiting marketing, sales and support people to meet the increased demand and to grow internationally.
When you’re talking about Zalando, you can’t ignore their free shipping and return policy. But this unique selling point is about to be less special now. In Italy, Zalando will demand from customers to pay shipping costs if their order value is less than 25 euros.
Although 92 percent of independent traders in the Dutch-speaking part of Belgium are visible online, few of them also sell their products online. Recent research shows that 46 percent of retailers not only sell offline, but also online. Retailers that don’t sell online mostly say it’s because of a lack of time or knowledge.
Ten leading global online grocery markets are predicted to generate combined sales of almost 200 billion euros, at an annual rate of 20 percent, by 2023. And four of them are from Europe. The United Kingdom, France, Germany and Spain are predicted to have the highest online grocery market sizes in Europe.
Galaxus, a major online department store form Switzerland, has launched in Germany. Galaxus Deutschland will start as an electronics retailer, but in the next few months, it will become a wide-range online store. In the medium term, Galaxus even wants to be one of the top 5 ecommerce players in Germany.
Retailers in the United Kingdom are using artificial intelligence (AI) at a much slower pace than other industries in the country. Over half of UK retailers are still not using machine intelligence, while this share is much lower among financial services companies or manufacturers.