Ecommerce News

Germany

‘Shein and Temu generate 3.3 billion euros in sales in Germany’

‘Shein and Temu generate 3.3 billion euros in sales in Germany’

Shein and Temu together sell around 3.3 billion euros worth of products in Germany, according to the German Retail Federation (HDE). One in five German consumers plans to make purchases from the Chinese platforms in the run-up to Christmas. “That is somewhat of a paradox”, says HDE director Stefan Genth.

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Top 10 online shops drive growth in German ecommerce

Top 10 online shops drive growth in German ecommerce

Amazon remains by far the largest online shop in Germany, ahead of local players Otto and Zalando. This is shown in a new top 1,000 ranking by retail institute EHI and ECDB. The combined revenue of the thousand top sellers was 3.8 percent higher last year compared to the year before. The top 10 grew the fastest. More growth is expected this year.

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The Platform Group raises GMV by 47%

The Platform Group raises GMV by 47%

The Platform Group (TPG), the German company behind several vertical marketplaces, has significantly increased its trading volume, revenue, and profit in the first half of this year. The number of active customers and sales partners also grew strongly. By the end of this year, the group expects to have 16,500 partners, partly due to new acquisitions.

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