Amazon, eBay and eBay Classifieds together have a 66 percent market share in the German ecommerce industry. Every other online retailer from the top 50 list can’t even pass a market share of 3 percent.
Belgian postal company Bpost has raised 650 million euros. The transaction will serve to refinance the acquisition of Radial Holdings it completed in November of last year. Bpost is more and more becoming a full ecommerce logistics company.
Two major German department store chains, Kaufhof and Karstadt, will form a joint venture after Hudson’s Bay sells half of its European business to Signa Holding. The latter will hold only a little bit more than half of the entity and will manage the operating business.
After twelve years of operating in Germany and other European countries, online marketplace DaWanda will cease all business operations on the 30th of August. The marketplace also came to an agreement with Etsy, so current shop owners can continue selling their handmade products.
Ecommerce in Europe has once again shown some double-digit growth. The total ecommerce turnover in Europe increased by 11 percent last year, making it worth 534 billion euros. For the current year, a growth rate of 13 percent is expected, which would mean ecommerce in Europe will be worth 602 billion euros in 2018.
The Spanish startup HomyHub has, together with national postal service Correos, developed a service, called Safe Delivery, which allows consumers to receive their packages in the garage, without having to be at home. By using an app, consumers can control, monitor and manage access to their garage.
For the first time, the ecommerce turnover of Hungary has surpassed the psychological limit of 500 billion Hungarian forints. Ecommerce in Hungary was worth 545 billion forints, or 1.65 billion euros, last year.