Breaking News
Otto has lost over 1.100 seller partners on its marketplace since April 2024, the German business newspaper “Handelsblatt” reports. Nearly 700 sellers were fired from the marketplace by Otto, round about 500 sellers have left the platform on their own account due to frustration over raised fees, technical problems and high return rates. LinkedIn
More News
The DIY marketplace B&Q has been growing fast in the first half of 2024. 1.5 million products are now listed on diy.com by 1.300 merchants. Overall, the platform turned a GMV of 157 million British pounds from January to July 2024, 40 percent of this GMV results from the marketplace. Kingfisher
Marketplace Universe Weekly readers have already known for weeks what Amazon has now officially announced: The next Prime Day Deals will commence on October 8 and 9. LinkedIn
The struggling FBA aggregator SellerX is not being auctioned after all. Main investor BlackRock wanted to auction the company on September 17 because it wasn’t able to pay its loans. In the end, BlackRock cancelled the auction just before midnight on September 16. Exciting Commerce
Future News
New data from emarketer suggests that e-commerce in Western Europe might be on the rise again. Online sales in Germany, UK, France, Italy and Spain together could grow by 5 percent in 2024. LinkedIn
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