LoyaltyLion has closed a seed funding round of 370,000 euros led by EC1 Capital. The European social loyalty platform enables small ecommerce stores to offer a loyalty scheme that rewards customers for all sorts of activities. It’s compatible with commonly-used ecommerce platforms like Shopify, Magento and SEOshop.
The United Kingdom - archive
The ecommerce industry in the United Kingdom has seen the strongest first quarter growth since three years. Sales in the first quarter of this year grew 17% compared to the first quarter of 2013 and during the first three months of this year the industry was worth 28 billion euros.
Newegg has started a pilot program that makes a limited selection of its products available to customers in the United Kingdom and Australia. It’s an important first step in the company’s international expansion plans. In the United Kingdom, Newegg will face massive competition from online players like Amazon, Scan Computers and eBuyer.
retailer wants to focus on flagship stores and drive the online opportunity as well as the food opportunity. In France, the Netherlands and Belgium M&S wants to offer same day delivery for fresh food.
In the United Kingdom there are recently several activities employed and online platforms launched aimed at boosting trade with Central and Eastern Europe. A new UK-based ecommerce site for example aims to alert local companies about business opportunities in Romania, while another initiative is focused on selling British food online in Poland.
The UK-based startup Ometria has disclosed a 1.5 million dollar (€1.08 million) seed round this week from a group of angel investors. The new funding will be used to grow the team and to further develop its ecommerce intelligence platform, which provides retailers with insights relating to customer behavior and product performance.
Out of 18 European countries, the United Kingdom has the highest share of people who order something online every month using their smartphone. Almost one in three Britons shop on their mobile, while two in three Britons are using smartphones.
British ecommerce delivery platform Scurri announced it raised €1.2 million in seed capital funding, led by Episode 1 Ventures, ACT Venture Capital and Haatch. These companies joined existing Angel investors to fund Scurri’s expansion plans. The ecommerce delivery platform wants to develop further in the United Kingdom.
eBay has revamped its UK and German website to include several features that must compete with curation sites like Pinterest. eBay Collections allows shoppers to handpick items to create their own collection of must-have products that can be shared with others for shopping inspiration.
One in three of all sales that are made online in the United Kingdom take place on either a smartphone or a tablet. Visits to online stores via these mobile devices currently account for almost half of traffic. Especially in the apparel sector, mobile commerce shows strong numbers.
Market expansion is seen as a real ecommerce growth opportunity this year. Almost nine in ten European executives, surveyed by CyberSource, are planning to increase focus on expanding their ecommerce business into new markets in 2014. Emerging economies like Russia, Brazil and China are amongst the most popular destinations.
The online ecommerce economy of the United Kingdom is expected to generate the largest trade surplus in the world, surpassing 877 million euro. Online trade for the UK and five other big ecommerce markets is expected to grow fivefold over the next seven years, from 18,4 billion euros in 2013 to 96 billion euros in 2020.
Gap, the American clothing retailer, is active in Europe for quite some time. But while it has seen some steady growth in the United States these last couple of years, its presence in Europe is slightly less positive. Revenues here have come down from €516 million in 2010 to €507 million in 2012, despite continued expansion.
The total online economy of sold goods and services in Western Europe amounted €158.1 billion last year, but is expected to grow to €173.8 billion in 2013, according to new data from Ecommerce Europe, an umbrella organisation for online retailers active in Europe.
Godiva is expanding online by opening an online chocolate confectionery store in the United Kingdom. The luxury Belgian chocolatier has chosen eCommera and its cloud base ecommerce platform DynamicCommerce, which is powered by Demandware. The United Kingdom will be the fourth country where it sells its goods online.