The ecommerce industry in Italy was worth approximately 24.2 billion euros in 2014, which means an overall increase of 8% compared to 2013. Marketplaces and foreign players are positioning themselves in the Italian market and seem responsible for the transformation that’s noticeable now.
DHL has relaunched its Allyouneed service. Previously, it was an online supermarket, but this is now rebranded as Allyouneed Fresh. And MeinPaket.de has now become Allyouneed. Quite confusing right? Well, get used to it. The latter shopping portal will expand to other European markets. It rolled out already to Poland in March and more countries will follow.
Home design ecommerce platform Lovethesign has announced it has received more than 3.7 million euros ($4 million) in Series A funding. The round was led by United Ventures and has also attracted some private investors from the Italian fashion and design industry.
Zalando reported it just had its strongest first quarter ever and it expects to beat expectations for the second quarter in a row. Zalando’s revenue came in between 635 and 648 million euros in the three months prior to the end of March. That’s 27 to 29% higher than the 501 million euros it achieved in the same period last year.
eBay and PayPal have confirmed their plans to allow merchants to accept bitcoin payments through third-party processor Braintree. In September last year, PayPal already announced it would accept Bitcoin via integration with Braintree, but now it’s official. In a long SEC filling it talks about accepting the crypto currency.
Ecommerce platform Shopify has announced its intent to go public. The Canadian company is said to have plans to raise up to 94 million euros ($100 million) in the IPO and will list under the symbol “SHOP” on the New York Stock exchange.
Dutch online department store FonQ just declared that it had a total turnover of over 49 million euros in 2014. Most of the sales comes from the Netherlands in which it is based, but the company has online stores in Belgium, Germany and France as well.