The Otto Group saw its global online revenues increase to 8.1 billion euros in the 2019/2020 financial year. This is an increase of over 5 percent compared to the situation one year before.
Germany - archive
Girav, a Dutch startup specialized in extra long T-shirts for men, is going abroad. The ecommerce company has opened an online store in Germany.
The amount of online marketplaces in Germany, Austria and Switzerland has increased significantly in the past five years. In 2015, there were only 81 online marketplaces, but nowadays there’s 173 of them.
Ecommerce in Germany was worth 72.6 billion euros in 2019. This is an increase of 11.6 percent compared to the situation one year before. The growth of the German online retail industry is thanks to shoppers ordering several times a week and a significantly increase order volume through mobile devices.
More than half of online shoppers in Germany use customer reviews to help them make a buying decision. Young people in particular rely on the experiences that other buyers had with a certain product. Aside from customer reviews, price comparison websites and tips from friends and family are also often used.
Payoneer has acquired Optile, a German payment platform that gives businesses access to any payment method and provider. With the acquisition, Payoneer wants to further build a platform that drives global growth for enterprises, marketplaces and small and medium-sized business worldwide.
Galeria Karstadt Kaufhof has acquired multichannel retailer Sportscheck from the Otto Group. The Otto Group decided to sell its daughter company, because it thinks this gives Sportscheck the best possible chance of long-term business viability.
Consumers in Germany will order products online with a total value of 70 billion euros this year. But every sixth parcel will be returned. In order to contain this process a bit, a legally required return fee could help, economic researchers say.
At the start of the Christmas season, Amazon has honored small and medium-sized enterprises with the Amazon Verkaufspartner-Awards (Amazon Selling Partner Awards). Customers of Amazon Germany chose their favorite companies in the categories ‘Partner of the year’, ‘Innovation champion of the year’ and ‘export champion of the year’.
Ecommerce in Germany grew 9.1 percent last year and was worth around 63 billion euros. For this year, a further increase of almost 9 percent is expected. This would mean ecommerce in Germany will grow to 68 billion euros at the end of 2019.
Customers of German supermarket Rewe can now choose from an even larger selection online to have it delivered with Rewe’s package service. They can order all kinds of private label products, durable foods and non-food items, all with no minimum order value.
Ecommeleon, a German startup aimed at sellers on online marketplaces, has announced a successful seed funding round. The money will be used to support the spin-off of ecommerce service provider InterCultural Elements with its final development and initial market launch.
Amazon is testing its Amazon Day service in Germany. With this service, Prime members can have their orders bundled and shipped on a day of their choice. Amazon Day is meant to save packaging material and countless trips from the courier and to prevent multiple delivery attempts.
Black Friday is popular in Germany, where numerous online and physical retailers throw around discounts. But many retailers prefer there was no Black Friday at all. Still, they are captured by the attention this holiday keeps attracting.
Amazon has presented a selection of “simple yet savory” wines, which are presented under its new wine and spirits brand Compass Road. The alcoholic beverages are currently available exclusively at Amazon Germany.