Online spending in Central Europe is expected to grow by 8 percent this year, with a similar growth rate forecast for next year. The increase is mainly driven by existing online shoppers placing orders more frequently.
Continue readingLast year, Belgian consumers spent 18.3 billion euros online. Compared to a year earlier, this is an increase of 5.4 percent. More Belgians have started shopping online, as more than 9 out of 10 made online purchases. However, most of the online spending went to foreign platforms.
Continue readingWestern European online sellers expanding into Central and Eastern Europe often underestimate how different customer expectations are in the region. According to fulfillment provider isklad, payment preferences, delivery expectations and checkout requirements differ significantly from standards in Western Europe.
Continue readingOnline spending in Germany continues to grow. The German Retail Federation (HDE) forecasts nominal ecommerce revenue to increase by 4.3 percent this year, reaching 96.3 billion euros. According to HDE, sales generated by physical stores will grow by only 1.6 percent.
Continue readingTikTok Shop is expanding rapidly across Europe. On June 15, the platform will launch in Austria, Belgium, the Netherlands, and Poland. Shortly afterwards, the new ‘Sell Across Europe’ feature will become available, enabling merchants to sell in multiple countries through a single registration.
Continue readingLast year, ecommerce giant Amazon invested more than 17 billion euros (15 billion British pounds) in the United Kingdom. This is part of the company’s plan to invest 46 billion euros (40 billion British pounds) by the end of 2027. According to Amazon’s financial report, the United Kingdom is the company’s third-largest market globally.
Continue readingOnline fashion platform Zalando has partnered with French second-hand platform Vestiaire Collective. The partnership is an effort to accelerate the German platform’s position in the pre-owned market. As a result, the French platform will be able to offer items directly on Zalando.
Continue readingJD.com is looking to make another move to strengthen its position in the European ecommerce market. The Chinese company is reportedly willing to pay 2 billion pounds to acquire The Very Group, an online retail company from the United Kingdom.
Continue readingTikTok Shop has established a strong position in Spain’s ecommerce market in a relatively short time. Both buyers and sellers are embracing the social commerce platform. There are now 21,000 local sellers active on TikTok Shop in Spain.
Continue readingBreuninger is expanding online again after several years. The retailer is launching its online store in three new European countries, bringing the total to thirteen markets. Consumers in Denmark, Sweden, and Romania will be served in their local languages. For deliveries, Breuninger is partnering with PostNord and DHL.
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