Ecommerce News

The United Kingdom

UK design marketplace Opumo raises €1.33 million

UK design marketplace Opumo raises €1.33 million
Opumo, a British online department store with design-led products from around the world, has raised 1.2 million pounds (1.33 million euros). The successful round of investment happened thanks to Danish fund North-East Venture and a crowd raise from over 400 customers.
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‘Most retailers unaware of impact of delivery options’

‘Most retailers unaware of impact of delivery options’
The majority of UK retailers are not aware of the impact and value that delivery options have. Three out of four consumers leave their shopping card because they don't like the delivery options, while 47 percent of retailer don't even know their cart abandonment rate or why consumers leave their online store.
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Boohoo Group’s sales grow 48 percent

Boohoo Group’s sales grow 48 percent
Boohoo Group has had a better year than expected. The online fashion retail group, with brands Boohoo, BoohooMan, PrettyLittleThing, MissPap and Nasty Gal, saw its revenue increase to 857 million pounds (962 million euros), which means an increase of 48 percent. Expectations are that Boohoo will pass the billion pounds milestone this year.
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Ecommerce in UK to reach €200 billion in 2019

Ecommerce in UK to reach €200 billion in 2019
The business-to-consumer ecommerce turnover in the United Kingdom is expected to reach over 200 billion euros at the end of this year. That would mean an increase of 14.6 percent compared to the situation last year, when ecommerce in the UK was worth almost 175 billion euros.
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