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76 billion euros of Dutch export ordered online

December 15, 2023
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Stay up to date Receive our latest news directly in your mailbox to stay up to date. About Ecommerce News Ecommerce News Europe is a news website by online publisher Eurolutions. Read more about us or view our advertising options.   Contact Online publisher EurolutionsMolensteyn 60-B3454 PT De Meern The Netherlands Email: info@ecommercenews.eu KvK: 37102174 VAT: NL002097294B45 This is only a snippet of a eCommerce Article, please visit the Authors Website and Read the Full Article

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Amazon’s European second-hand sales exceed 1 billion euros

December 1, 2023
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Demand from European customers has propelled second-hand shopping on Amazon into a billion euros business. The trend is likely to persist as shoppers seek to save money and make more sustainable choices. This is only a snippet of a eCommerce Article, please visit the Authors Website and Read the Full Article

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eBay to Use $2.2 Billion from Possible Sale of Adevinta Stock for ‘General Corporate Purposes’

November 23, 2023
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eBay sold its classifieds business to Adevinta a few years ago after pressure from activist investors Elliott Management and Starboard Value while obtaining a stake in the company. On Tuesday, eBay announced its support for a deal that would net it $2.2 billion and a 20% stake in a newly privatized Adevinta. eBay said it intended to use the cash proceeds from the prospective transaction for general corporate purposes – and it said it remained committed to share-buybacks and dividends…

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Expedia beats profit estimates, announces $5 billion share buyback

November 13, 2023
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E-commerce Expedia Group on Thursday announced a new share buyback plan of $5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from resilient demand and higher rates that boosted margins. Shares of the Vrbo and Hotel operator rose 10 per cent after the bell. US travel companies in the last few months has seen a sharp rise in demand for international travel as people free from restrictions take advantage of a strong dollar and…

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Belgians spent almost €8 billion online in H1

October 26, 2023
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Belgian consumers spent 7.9 billion euros online in the first half of this year. This is an increase of 9.4 percent compared to the same period last year. For the first time, more was spent on services than on products. This is according to the latest Market Monitor from BeCommerce-SafeShops.be. In the first half of this year, 4 billion euros was spent online in Belgium on services. This is an increase of 20 percent compared to last year. Of all…

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Australian online spending falls by $2.9 billion year on year

October 13, 2023
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E-commerce Australia has witnessed a $2.9 billion decline in online spending during the third quarter of FY23, primarily due to lower retail and e-commerce spending, according to global financial platform Airwallex. Online spending on retail and e-commerce posted the largest year-over-year decline of 8.02 per cent, followed by insurance and self-managed investments at 7.9 per cent. Spending on education and the digital and technology sectors fell 7 per cent and 1.29 per cent, respectively. Meanwhile, online travel spending grew 12.75…

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Global luxury resale market reaches US$39.23 billion in FY23 amid higher demand

October 9, 2023
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E-commerce The global luxury resale market has reached an estimated value of US$39.23 billion in FY23 as the back of younger consumers becoming more interested in buying pre-owned luxury goods, a growing middle-class population, and the increasing number of internet users, according to a recent study. Research and Markets said in its study that online resale has been identified as the fastest-growing category of distribution channels as digitisation influences consumer’s choices. It also noted a significant growth in the male…

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Instacart valued at US$9.9 billion as IPO market rebounds

October 1, 2023
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E-commerce Maplebear, the parent of grocery delivery app Instacart, disclosed on Monday it fetched a $9.9 billion fully diluted valuation after pricing its initial public offering (IPO) at the top of its indicated range. The valuation is a fraction of the $39 billion value that investors assigned to Instacart in a private fundraising round in March 2021, at the height of the Covid-19 pandemic which pushed consumers to order groceries at home. The IPO was priced at $30 per share…

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Fasanara launches €1 billion B2B ecommerce fund

September 22, 2023
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Fasanara Capital, a UK-based institutional asset manager is launching a fintech fund of 1 billion euros together with credit insurer Allianz Trade. The fund will target the B2B ecommerce sector. By doing so, it will boost the sector’s growth. Fasanara Capital is an investment firm and technology platform. It is based in the United Kingdom and currently has over 4 billion euros in assets under management from, among others, large insurers and pension funds. Partnership to underwrite credit risk Now,…

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Online fashion worth €122 billion in 2022

September 16, 2023
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The European online fashion and beauty market generated a turnover of 122 billion euros in 2022. And 45 billion euros of that turnover was cross-border. The market is projected to reach sales of 144 billion euros by 2026. These data come from the second edition of “Top 250 Fashion & Beauty Retail Europe” from Cross-Border Commerce Europe. Last year, the market was still projected to grow 50 percent from 2022 to 2025, reaching a turnover of 175 billion euros by…

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