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.
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.
Pia Nolte left Breuninger for fashionette. René Herzig left Sennheiser to join Paulmann Licht. Janina Kargoll moved from C&A to Logoco’s Naturkosmentik. Lots of job changes in October!
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.
Amazon has outlined the requirements for its upcoming ‘Low-Cost Store’ in the U.S. The store – Amazon’s answer to Temu – will sell unbranded low-priced items directly from warehouses in China. It is an invite-only marketplace without seller fulfillment. All products must be listed under the brand name ‘Generic’ and meet fixed maximum price points (e.g. necklaces below $10). Special needs products like Baby, Kids and Pets, are not allowed.
Breaking News Amazon is allegedly building a huge brick-and-mortar shopping mall that is supposed to open in the second half of 2025, US e-commerce analyse Brittain Ladd reported. According to his sources, Amazon has been toying with the idea for several years; now it’s finally coming to life – though he doesn’t seem to have information on the location of this new “supercenter” for Amazon. Brittain Ladd More News For their tenth anniversary, Backmarket presented some figures on their business: 15 million customers and 1.800 retailers are using the marketplace, generating nearly 30 million orders worth 2.157 billion euros in 2023. In Germany alone, Backmarket generated a GMV of 300-350 million euro last year, and is aiming for 400 million in 2024. Channelpartner Amazon will change its rules for FBA reimbursment in the European markets from January 15th 2025. Sellers will get an automatical reimbursement for lost items. At the same time the claims window for that will be reduced from 18 months down to 60 days. As the automatic reimbursment system is not foolproof, sellers will have to stay on their toes, ChannelX warns. ChannelX Tik Tok Shop is launching a new service which connects Content Creators who want to sell their own products with fitting manufacturers. The goal: more exclusive products for Tik Tok Shop. Business insider Zalando has launched “Cultural Ties”, a interactive map to streatwear scenes all over Europe. The data basis is Zalando’s very own “Trend Spotter” tool, which assembles the most relevant styles and products in several European fashion capitals. Zalando curious News Fox Intelligence has attempted to estimate the e-commerce market share of marketplaces in the biggest EU markets based on traffic figures. According to their study, marketplaces account for 45-46 percent of online sales in Austria and Italy, for 40-45 per cent in Spain, Germany and the UK, and for 30-32 per cent in the Netherlands and France. A note of caution: The Fox Intelligence estimates are considerably lower than those of several local statistic authorities. LinkedIn Don’t want to miss any news? Subscribe to our weekly newsletter!
You are currently viewing a placeholder content from Active Campaign. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.
More Information