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H&M increases investment in second-hand platform Sellpy

Sellpy

H&M continues to invest in Sellpy, an online platform for second-hand fashion. The Swedish fashion retail group started investing in Sellpy four years ago and has since then joined all investment rounds. Now, H&M has become a majority owner, with an approximate 70 percent stake in the re-commerce platform. Continue reading

H&M tests selling external brands

H&M

H&M may change its business model in the near future. The Swedish fashion giant will experiment with selling external brands and products on both its online platform and in selected stores. Continue reading

Chiquelle launches AR shopping app

Chiquelle

Fashion retailer Chiquelle has launched its augmented reality shopping app. The Swedish company’s latest app enables users to customize their own model and style it with fashion items sold by Chiquelle. Users can also add makeup and different hairstyles to the avatar. Continue reading

Zalando tests reusable packaging in the Nordics

Zalando

Zalando is launching a pilot with reusable packaging. The test will run for four weeks and is aimed at customers in Finland, Norway, Sweden and Denmark. During the pilot, 10,000 customers will receive their orders in reusable shipping bags, so the German fashion company can reduce the packaging waste. Continue reading

HelloFresh expands to Sweden

HelloFresh

HelloFresh has set foot in Scandinavia. The German meal kit delivery service has launched in Sweden. “We are sure Swedish customers will love our product, and we can’t wait for them to try it”, co-founder Thomas Griesel commented. Continue reading

Investment for Swedish retailer Caliroots

Caliroots

Cristina Stenbeck, former chairman of Swedish investment company Kinnevik, has invested 18 million Swedish kronor (1.69 million euros) in Caliroots. The Swedish omnichannel retailer of sneakers and streetwear just announced it made a loss of about 3.75 million euros last year. Continue reading

Ecommerce in Sweden to be worth €16.86 billion in 2019

Ecommerce in Sweden is expected to be worth 16.86 billion euros at the end of this year. The Swedish business-to-consumer ecommerce turnover was worth 14.95 billion euros last year and it’s predicted this will increase by 12.8 percent. Continue reading

Klarna pulls plug on Wavy app

Wavy by Klarna

Barely two years after Klarna announced its peer-to-peer payment app called Wavy, the Swedish company pulls the plug on the app. Some functions of the social payment application will be integrated into the Klarna app. Continue reading

Delivery Hero acquires Hungrig.se

Hungrig.se

Delivery Hero has bought another competitor in Europe. This time it’s Swedish food delivery service Hungrig.se. As a result, the German company is now active with three different brands in Sweden. Continue reading

Zalando also ends free delivery in Scandinavia

Zalando

Zalando is slowly ending its free delivery service in Europe. It started last November in Italy and now more and more markets are starting to ask for a delivery fee. Latest markets to be hit by this decision are Denmark, Norway, Sweden and Finland. Continue reading

iDeal of Sweden expands to 30 new markets

iDeal of Sweden

iDeal of Sweden is expecting to double its revenue this year and is now investing heavily in its ecommerce operations. The smartphone accessories retailer has move to a new ecommerce platform and is ready to open business in over 30 new markets. Continue reading