Zalando, Europe’s largest online fashion retailer, has announced its acquisition of competitor About You, marking a major shakeup in the European fashion e-commerce and marketplace industry. The deal, valued at 1.13 billion Euro, includes a purchase price of 6.50 Euro per About You share – a 107% premium on the stock’s three-month average price.
Black Week 2024 broke records across all platforms, with the fashion and beauty sectors being the top performers. 60% of purchases occurred on marketplaces, with Amazon leading at 85% of users. TikTok Shop generated $100 million in sales in the US and a 179% jump in sales in the UK, while OTTO had its best Black Friday yet.
Internationalization in 28 markets and within just a few months? That sounds utopian, but it is feasible. The Fulda-based lighting specialist Lampenwelt has proven this with its internationalization.
Alina Bechte is now Head of Marketplaces, Price Comparison & Affiliate at DocMorris.
Alexander Hally started a new position as Director Digital Sales and Revenue Growth Management at Weleda AG.
Christin Kemper has returned to Amazon after a short spell at Shopify and is now Senior Program Manager Last Mile Logistics for Europe. Lots of job changes in November!
The Platform Group (TPG) acquired 100 per cent of CHRONEXT, a German retailer and marketplace for luxury watches which filed for insolvency in August.
How could a AI-powered marketplace look like? Perplexity might give as a glimpse of the future. The AI service has introduced a shopping assistant last week, which can help you with complex, multi-step shopping requests. The AI finds answers to shopping prompts like “Find the comfiest headphones” by looking through the assortment of connected Shopify shops. So far, the Perplexity shopping experience is just available in the U.S., but other markets are likely to follow.
Amazon shuts down Amazon Fresh in Germany and cooperates with Knuspr instead. Meanwhile, Temu starts selling FMCG products in its U.S. app,
Shein has presented its annual figures for Europe: according to these, the platform recorded a whopping 68% increase in 2023. The Ireland-registered European entity of Shein has reaches a turnover of 7.684 billion Euros, profit after tax has more than doubled to 99.5 million Euro.
What does the marketplace landscape look like in Central and Eastern Europe? Allegro, Heureka, eMAG and Skroutz are strong generalists in the CEE markets. In addition, there are other important players in each country.
The EU has launched formal proceedings against Temu. The EU commission has voiced concerns that Temu is failing to efficiently prevent the sale of illegal or counterfeit products on its platform. Suspended products have been re-appearing on Temu within days of their removal, the comission criticizes.
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