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.
Breaking News MediaMarktSaturn doubles marketplace turnover: The marketplace of German electronics retailers MediaMarkt and Saturn is going strong. In the past financial year, sales already amounted to 137 million euros. In the current quarter, marketplace sales more than doubled. The marketplace is active in Germany, Austria, Spain, Italy and the Netherlands. eCommerce News.eu More News Otto starts graduated commissions: German marketplace player Otto has again tweaked its commission model. From October 1st, graduated commissions will be introduced, with higher commissions on less valuable goods. Commission will also be charged on shipping costs. Onlinehaendler-News Alibaba grows internationally by 38 percent: The chinese e-commerce company continues its international expansion this year. Exciting Commerce Kaufland launches marketplace in Poland: The first marketplace retailers have now gone live on Kaufland’s new Polish platform. Channel-X Zalando with 3.4 percent sales growth: Europe’s largest fashion retailer increased its turnover to 2.6 billion euros in the second quarter. Handelsblatt News to consider Thailand is gearing up against Temu: The Chinese app has launched in Thailand a year ago; now, local entrepreneurs, consumers, and the government are looking for ways to regulate or ban the new player. Three government agencies are now working on developing strategies against Temu. National Thailand Don’t want to miss any news? Subscribe to our weekly newsletter!
Trading on Otto’s marketplace will become more expensive for all partners from August 1. The basic fee will rise from 39.90 euros per month to 99.90 euros and – even more seriously – sales fees are rising drastically for some categories such as technology and DIY.
54% of German e-commerce sales were generated via online marketplaces in 2023 – according to the HDE in the new edition of its Online Monitor 2024. The overview of sales shares by channel simply shows at a glance, how incredibly dominant Amazon is in German e-commerce and how difficult it is to do without online marketplaces in the sales mix.
