~ecommercenews_eu | Bookmarks (65)

Last year, Amazon Germany was able to increase its net sales in retail media with 20 percent. The revenue of its advertising business came to 2.9 billion euros in 2023. This is almost 10 percent of the company’s total revenue in Germany. These data come from Amazon Germany’s financial statements…

Furniture retailer Ikea plans to launch a marketplace where customers can sell their pre-owned Ikea furniture to other consumers. By doing that, it wants to expand its online revenue. The company launched a pilot in Spain and Norway. The Swedish retailer is well-known for its furniture. Within several countries in…

Temu officially invites European merchants to register as sellers on its platform. Merchants are responsible for their product assortment, inventory management, and the shipping of sold products. Temu determines the consumer prices for the goods.Having quickly grown with a consignment model, Temu additionally announced a local-to-local model earlier this year.…

Afound, H&M’s digital outlet, will be closing its doors later this year. Brands that are displayed in the outlet have adapted more direct-to-consumer strategies, resulting in a lack of demand. Their products in sale are often sold on their own websites. Afound was launched in 2018 by H&M. It is…

eBay is giving shoppers more flexibility to cancel their purchases. From now on, they can cancel an order as long as the seller has not marked it as shipped. The company describes this as a simplification that should benefit both shoppers and sellers.The new policy will take effect on August…

Online revenue in the Netherlands is expected to increase 8 percent this year, compared to 2023. Meanwhile, the total retail revenue will increase only 2 percent. This is due to an expected decline in supermarket sales, because of a ban on selling tobacco in those stores. These data come from…

Ceconomy, the owner of MediaMarkt and Saturn, has had a strong quarter. Its own online sales increased by almost 10 percent. Additionally, MediaMarkt is growing thanks to external online sales partners: the trading volume on its marketplace has more than doubled in a year.In the third quarter of its fiscal…

The environmental impact of retail, particularly the online sales of clothing, seems to be consistently underestimated. Between 22 to 44 percent of all returned clothing is never sold to a secondary consumer. These unused returned items have a big impact on the environment. These data come from research conducted by…

Vinted has rolled back a proposed update on shipping options after protests from sellers in the United Kingdom. The recommerce marketplace wanted to offer consumers more choices in receiving products, but merchants struggled with this increased freedom.Vinted had made it impossible for UK sellers to deselect certain shipping options when…

The Turkish government is implementing drastic tax changes to reduce online consumer orders from foreign online stores. Import duties are set to rise significantly, while the exemption threshold will be lowered. Additionally, an extra tax will be introduced for certain product categories.Ecommerce in Turkey is on the rise. Online spending…

As of September 2nd, TikTok Shop sellers based in the United Kingdom will need to pay higher commission fees. The fees are being raised from 5 to 9 percent. However, if sellers reach a target number of TikTok Live and shoppable videos, they can reduce these fees. It is the…

Online fashion platform Zalando increased its revenue with 3.4 percent in the second quarter, compared to that period last year, to 2.6 billion euros. It also improved its profitability again. As a result, the company has confirmed its expectations for the full financial year. Earlier this year, Zalando announced that…

Next reflects on a successful half year. The British retailer has revised its profit expectations upwards. While pure players Asos and Boohoo, also from the United Kingdom, struggle to maintain their online sales, Next continues to grow digitally, especially abroad.This is evident from Next’s recent quarterly and half-year reports. The…

German SMEs on Amazon have seen their international sales grow by 10 percent over the past year. Together, they earned 5.5 billion euros in cross-border sales. “Exporting via Amazon is the easiest growth opportunity for German SMEs”, headlines the American company.Amazon reports on the sales performance of German small and…

Boohoo is launching an online marketplace, which is reportedly going live this week. Boohoo Brands will feature up to 200 labels in fashion, lifestyle, and beauty. It will be powered by Mirakl’s ecommerce software.Like Asos, another well-known fashion pure player from the United Kingdom, Boohoo is facing declining revenues. Brexit,…

The European Parliament has made some progress in its proposal to simplify VAT rules for ecommerce imports. It wants to remove the threshold of 150 euros for import duties. Negotiations are still ongoing, but it has now been decided that the proposed changes will come into effect by March 2028.…

TikTok Shop seemed set to launch in many European countries this summer, but owner ByteDance put the brakes on expansion. The shopping feature is reportedly set to launch in Ireland and Spain in October, with other European countries following next year. TikTok, the international subsidiary of Chinese company ByteDance, launched…