In Italy, 16.9 million people have bought something online during the first three months of this year. This corresponds with 55.1% of Italians who have access to the Internet. Individuals who bought something at least three times during this period, e.g. 11 million Italians or 36% of Internet users, are responsible for 88% of the value of all online purchases.
ePrice, one of the biggest online retailers in Italy, has launched a new marketplace. The ecommerce company wants to improve its product selection and growth in the Italian market as well as in Europe. It is now opening the marketplace to European merchants, who will be able to sell their products to Italian customers.
Online retailer Yoox just has been named global e-retailer of the year during the Internet Retailer Conference and Exhibition. The awards ceremony that took place in Chicago, honors online retailers from all over the world whit outstanding achievements across multiple categories.
The ecommerce industry in Italy was worth approximately 24.2 billion euros in 2014, which means an overall increase of 8% compared to 2013. Marketplaces and foreign players are positioning themselves in the Italian market and seem responsible for the transformation that’s noticeable now.
Home design ecommerce platform Lovethesign has announced it has received more than 3.7 million euros ($4 million) in Series A funding. The round was led by United Ventures and has also attracted some private investors from the Italian fashion and design industry.
It’s not a secret Italy is lagging behind in terms of ecommerce, but data shows that only 5 out of 100 companies in Italy sell online. This is in stark contrast with the European average of 14% of companies selling online.
Online retailer Yoox posted a 15 percent rise in revenues to 524 million euros last year. The strong performance in its struggling home market has helped the luxury online retailer to meet the analyst’s forecast revenues of €525.7 million.