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.
Revenues from ecommerce in Luxembourg grew 32% percent in 2013. Online stores in the Western European country sold for about 950 million euros on products and services. The total online sales for this year are expected to reach 1.03 billion euros. That would represent a percentage growth of 8%.