Over a quarter of European consumers will remain shopping more than they did before the coronavirus broke out. And 56 percent buy online three or more products per month during the corona crisis.
AliExpress will shorten its delivery times in some parts of Europe by 30 percent. This is the result of a new air route AliExpress has announced. The commercial route between China and Spain will start this month.
UPS will launch its Saturday delivery service in eight European markets this month. The launch follows after European consumers have increasingly turned to online shopping during the coronavirus breakout.
eBay’s classified ad business will be sold to Adevinta for 9.2 billion dollars in cash and stock. eBay will receive 2.5 billion in cash and approximately 540 million shares. This gives eBay control of 44 percent of the company and 33 percent of the voting rights.
Over half of online businesses in Europe believe that cross-border expansion within the European Union is becoming increasingly difficult. Research shows that the diversity of regulations across the EU is a barrier to international growth.
Ecommerce in Europe is expected to be worth 717 billion euros at the end of 2020. That would mean an increase of 12.7 percent compared to the situation last year. This growth is somewhat lower than the 14.2 percent increase of the European ecommerce in 2019.
Spanish freight transport platform Ontruck has continued its expansion across Europe. It now connects logistics hubs across the Western and Central parts of the continent.
Wix announced the launch of an extended ecommerce solution. The new solution provides online merchants features like customizable branded storefronts, multi-channel sales, dropshipping, native payment processing, and analytics and report creation.
Manufacturers increasingly want to digitize their sales- and buying processes. But what is the current maturity level of their online sales- and services capabilities? And how does it come that manufacturers act so protective in the after-sales business?
Fashion retailer Forever 21 has re-entered the ecommerce scene in Europe. The American company has launched new localized online stores for the most popular markets in Europe.
Inditex, which owns eight brands including Zara and Pull&Bear, will close up to 1,200 stores. Instead, the fashion giant has unveiled a digital platform while it wants to further boost its digital transformation.
Just Eat Takeaway, the Dutch-British meal delivery company, has acquired Grubhub, a food delivery service from the US. It’s an extra interesting acquisition from Just Eat Takeaway: competitor Uber Eats had also been trying to acquire Grubhub.
Shavatar is the name of a 3D avatar tool that should lead to fewer returns in the online fashion industry. With Shavatar, consumers can create their own avatars based on a few parameters. The tool then suggests the right size and fit of any given fashion item.
Analysis shows that 58 percent of European checkouts have at least three basic errors, which could complicate the checkout process for customers. Many online stores don’t automatically verify the card number or they let customers attempt to pay with an expired card date.
The total online cross-border market (excluding travel) in Europe represented a turnover of 108.75 billion euros in 2019. This is an increase of 14.4 percent compared to the situation one year before. The cross-border share represents 23.55 percent of total online sales in Europe, which is similar to the situation last year.