Europe

The European online fashion and beauty market generated a turnover of 122 billion euros in 2022. And 45 billion euros of that turnover was cross-border. The market is projected to reach sales of 144 billion euros by 2026.

Last week, DHL eCommerce inaugurated its 100,000^th access point in Europe. Its parcel network now consists of 80,000 service points and 20,000 parcel lockers. This makes it the largest and densest parcel network on the continent.

Online marketplace Zalando has removed product reviews from its platform. Instead of posting a review about a product, customers can now answer a survey about the product information featured on a page.

Swedish fintech Klarna now has more than 100 million European users on its platform. It has also achieved a 14 percent year-on-year GMV growth in the second quarter in Europe. Within the United Kingdom, the GMV growth was even higher, 26 percent.

Ukrainian company MacPaw, is planning to launch its iOS app subscription service Setapp in Europe next year. By that time, the Digital Markets Act (DMA) will have come into effect in the European Union. This allows users to install third-party apps on iOS, without using Apple’s App Store.

There were 1,060 external sellers active on the MediaMarkt marketplace at the end of July. Ceconomy, the owner of MediaMarkt and sister chain Saturn, welcomes the ‘significant increase’ in marketplace sales, as stated in the reporting on its third-quarter results.

Ecommerce giant Amazon has announced that it will make changes to its payout period. Sellers in the United Kingdom and Europe will have to wait until a week after the delivery of an item to receive their proceeds. The change will come into effect in phases in the upcoming month, until September 6^th.

Amazon is pulling the plug on its specialized fulfillment program for small, lightweight, and low-priced goods in Europe, after the discontinuation in the US. Starting from September 26, these items will automatically be subject to new 'low-price FBA rates’.

The European Commission has launched the co-creation process for the transition of the retail ecosystem. It represents the first step towards accelerating the green and digital transformation of the retail and wholesale sector, according to EuroCommerce.

Asos Media Group has entered into a partnership with Rokt, an ecommerce technology platform that utilizes machine learning and AI to deliver targeted external post-purchase promotions. These 'non-endemic' offers will be available in 15 markets.

LiBiao Robotics has opened a European headquarters in Frankfurt to bolster its growth ambitions on our continent. The new location offers a showroom and areas for demonstrations of the autonomous sorting robots.

Fashion giants About You, Yoox Net-A-Porter and Zalando are expanding their ‘Fashion leap for climate’ initiative. The climate learning platform will now be extended to 250 brand partners. Last year, in the platform’s first year, it included 55 brands.

Following Zalando, Amazon has also lodged a legal objection against its classification as a Very Large Online Platform (VLOP) in Europe. “Amazon does not fit this description under the DSA”, the company states.

In 2022, the six biggest ecommerce markets in Europe generated 72 percent of the total European ecommerce spend. The European ecommerce markets that are most developed by penetration rate, the United Kingdom and the Netherlands, have returned to their pre-pandemic growth trends. Emerging markets, like Italy and Spain, are still growing above trend.

Member states of the European Union collected 20 billion euros in VAT revenue last year through new ecommerce VAT portals. According to the European Commission, this demonstrates the success of the new filing options.