Monta expands into the United Kingdom
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Dutch fulfillment company Monta has opened a warehouse in the United Kingdom. This is the company’s third international expansion. Six months ago, it entered Belgium.
Continue readingDutch fulfillment company Monta has opened a warehouse in the United Kingdom. This is the company’s third international expansion. Six months ago, it entered Belgium.
Continue readingOnline fashion platform Zalando has released its financial results for the first quarter of this year. Its revenue decreased 0.6 percent, to 2.2 billion euros. In 2023, the revenue in the first quarter came to 2.3 billion euros. However, the platform’s adjusted EBIT rose to 28.3 million euros, representing a margin of 1.3 percent.
Continue readingThe online European cross-border market reached a turnover of 237 billion euros in 2023. This is an increase of 32 percent compared to the year before. European online stores generated 107 billion euros in cross-border turnover.
Continue readingSecond-hand fashion marketplace Vinted generated a revenue of 596.3 million euros last year. This was an increase of 61 percent compared to 2022, when the platform generated 370.2 million euros. It has also reached profitability.
Continue readingThe Interactive Advertising Bureau (IAB) Europe has published its measurement standards for retail media in Europe. This gives brands a framework to measure the effectiveness of their digital advertising campaigns. It is a first step in IAB Europe’s plans to create industry standards for retail media.
Continue readingWhoppah, a marketplace for second-hand design and art, has recently entered the French market. The Dutch company previously spread its wings to Belgium and Germany. Its ambitions are pan-European.
Continue readingEcommerce giant Amazon has received a fine of 10 million euros for unfair trade practices from Italian antitrust authority AGCM. The fine applies to two of the Group’s subsidiaries: Amazon Services Europe and Amazon EU.
Continue readingThe European Parliament has agreed on new rules to reduce, reuse, and recycle packaging. In the future, only up to half of the packaging used by ecommerce companies within the European Union may be empty.
Continue readingEcommerce fulfillment and customer service provider Salesupply is launching a hybrid AI chatbot. It is meant to reduce customer service costs for online sellers, while also improving customer experience. Soon, the company wants to implement the technology in mail and telephone customer service inquiries as well.
Continue readingPayPal was the most used online payment method among German online shoppers in 2023, like the year before. However, the American company saw its share of the local payment market decrease. Buy now, pay later services are on the rise.
Continue readingAsos has suffered a significant loss in turnover, down by 18 percent in the first half of its fiscal year. The British pure online player has taken drastic measures and believes that, partly due to faster production processes, it will be able to return to profitability in the next fiscal year.
Continue readingOnline shoppers in Germany return 11 percent of all of their online purchases. The younger generations in the country return items more often than older ones. They mostly return items because the size does not fit or because the product is damaged.
Continue readingOnline sales in Italy are estimated at 80.55 billion euros in 2023. This is an increase of 27.14 percent compared to a year before. On average, Italian online stores grew almost 29 percent in terms of turnover.
Continue readingGerman online platform Kaufland is changing its seller fees by the end of this month. In most product categories, the fees either increase of decrease one percent. However, fees for small household appliances will increase more.
Continue readingEcommerce giant Amazon has reached an agreement with the Italian state railways. Together, they are launching a rail service to move products between distribution centers in Italy and Germany by train. This could greatly reduce the marketplace’s CO2 emissions.
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