Poundworld, a popular single price store in the UK, has launched its online store. Most items can be bought for just 1 pound, but there are also items that sell for higher prices. It’s an interesting move to see a bargain retailer operating online. It may open doors for others, like discount store-chain Action from the Netherlands.
Danish jewelry retailer Pandora has launched an ecommerce site for the US market. It’s the first time the manufacturer and retailer has opened a dedicated ecommerce store for a market outside of Europe, where it already has seven country-specific online stores.
During the third edition of Lengow Ecommerce Day, which will take place in Paris on June 2 this year, there will be also a competition for startups active in the ecommerce industry. The five finalists of this competition will get an exhibitor stand at the Lengow Ecommerce Day, where 700 merchants and industry experts are expected.
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.