100 results found for "covid-19"

H&M is bouncing back from the pandemic: in 2021 the fashion retailer made 1,36 billion euros in pre-tax profits - a sixfold increase compared to the year before. Their online branch remains strong, though, growing 30 percent in the past year.

Amazon customers from the United Kingdom can now pay later for their orders through a partnership with Barclays, the British bank. The new payment service called ‘Instalments’ was already introduced in Germany last year. ‘Buy now, pay later’ is becoming increasingly popular in Europe.

A large majority of small and medium-sized ecommerce businesses have seen their sales numbers rise in 2021. Up to 1 in 5 companies had a sales growth of at least 40 percent. However, these companies also faced several challenges.

German online fashion platform BestSecret is planning an initial public offering in the summer of 2022. The company could be valued at more than three billion euros. BestSecret wants to use the raised funds to expand internationally.

About You, the fashion platform from Germany, is now active in Greece and Portugal. The company continues its Southern European expansion, after launching in Italy only last month. The retailer now operates in 26 European markets.

Ceconomy, the German mother company of electronic stores such as Mediamarkt, made one third of its profit from online sales in 2020. Their online revenue increased more than half in the last year. The numbers are clearly a result of coronavirus-related measures.

While Amazon has reached many successes throughout Europe, the company was unable to reach its target in France last year. Covid-19 measures and local regulations caused setbacks for the company on several levels.

The six biggest online stores in the Netherlands in 2020 were the same six as the year before. Bol.com remains the biggest player, followed by Coolblue and Albert Heijn. However, Albert Heijn is closing the gap between itself and its predecessor quickly. Garden centers and hardware stores grew the fastest, and meal delivery companies also climbed higher on the list.

The ecommerce sector in France generated 112.2 billion euros in 2020. Compared to 2019, internet sales grew by 8.5 percent. This growth was not homogenous across all products, as the sales of services were hit hard due to the pandemic.

In 2020, ecommerce within Europe has kept on growing. The total worth of European ecommerce grew to 757 billion euros. This is a 10 percent growth from 690 billion euros in 2019.

British marketplace seller and tech startup Boulevard has raised 2.5 million euros in seed capital. The company, only having started their supply chain services last year, will use the funds to diversify and further develop their in-house software. The investment comes at a time when marketplaces continue to thrive in a post-pandemic landscape.

Sendcloud, the leading e-commerce shipping platform in Europe, has raised 150 million euros in a Series C funding round. The investment was led by Softbank, along with L Catterton and HPE Growth. The Dutch-based company will use the money to accelerate growth and continue its ongoing mission for international expansion.

Online-only supermarket Picnic has secured 600 million euros in growth capital. The leading investors were none other than Microsoft founder Bill Gates and his ex-wife Melinda. The Dutch company will use the funds to accelerate their expansion in Europe.

Add to Cart is a new ecommerce marketplace from the United Kingdom. It wants to compete with other online marketplaces by focusing primarily on supporting small scale businesses. The marketplace works alongside sellers' existing sales platforms.