Dutch online retailer Wehkamp will soon start building its second distribution center in Zwolle, the Netherlands. The new building will arise next to the current, fully automated distribution center. When the new center opens – probably at the end of this year – Wehkamp will have a distribution center that’s 60,000 square meters big.
During the first three quarters of this year, 15.7 billion euros was spent online in the Netherlands. The ecommerce turnover during the last quarter is estimated to be worth 7 billion euros, which means ecommerce in the Netherlands will be worth 22.7 billion euros at the end of this year.
The total online revenue of Dutch supermarkets will surpass the 1 billion euros mark this year. It’s predicted that the total revenue of supermarkets in the Netherlands will be worth 35.53 billion euros in 2017, of which 2.9 percent will happen online.
The Netherlands and Italy will be the fastest-growing ecommerce markets in Europe during the next five years. In both countries, the online retail industry will increase by 14 percent every year until 2021. Turkey is another fast-growing ecommerce industry in Europe, with a projected compound annual growth rate of 13 percent.
Lightspeed, which provides services to (online) retailers and restaurants, has closed a 166 million dollar (€141 million) investment. The series D round was led by institutional investor CDPQ, which invested about 115 million euros. Part of the money will go to its European office, where the R&D division will grow significantly.
European online retailer VidaXL has started today with making its full assortment available for other online retailers. Through this dropshipment program, online retailers can easily grab all the needed product information and sell VidaXL’s products through their own online stores.
Omnia Retail, a Dutch pricing and marketing automation software company, has raised several millions of euros. The money comes from Dutch investment firm Connected Capital and will be used for Omnia’s international growth ambitions.