Your One Stop Source of Ecommerce Technology Updates
Polish e-commerce platform Allegro announced today that it generated €2.6 billion in sales in 2024, marking a 7% increase compared to the previous year. The company also reported a 10% rise in gross merchandise volume (GMV), a measure of total sales value across its platform, reaching €15.3 billion. Allegro, founded in 1999 as a local […]
DMSMatrix is excited to announce its expansion into Canada, bringing a comprehensive suite of eCommerce solutions, including our Merchant of Record (MOR) services. This strategic move aims to simplify international selling for Canadian businesses by managing the complexities of global transactions. Understanding Merchant of Record (MOR) Services As a Merchant of Record, DMSMatrix assumes the […]
Online personal shopping platforms Outfittery and Lookiero announced today that they will merge operations to form the Lookiero Outfittery Group. The move aims to position the combined entity as a leading force in Europe’s assisted online shopping market. Both brands will retain their names, headquarters, and teams but will operate on a shared technological platform […]
JD.com’s fourth-quarter profit of 9.9 billion yuan marks its highest quarterly earnings since 2021 and signals a sharp turnaround from challenges faced over the past two years. The company’s full-year revenue for 2023 grew 3.7% to 1.08 trillion yuan (US$152 billion), though its annual profit figures were not disclosed in the preliminary report. Analysts noted […]
European online fashion retailer Zalando has announced a significant rebound in its financial performance, marked by increased revenue, profits, and customer numbers. The company also revealed plans to expand its operations into Portugal, Greece, and Bulgaria later this year, aiming to strengthen its presence in Southern and Eastern Europe. In its latest financial report, Zalando […]
eBay’s latest financial report, submitted to the U.S. Securities and Exchange Commission (SEC), reveals a split in performance across its European markets. While revenue declined in the United Kingdom, the company managed to stabilize its business in Germany. Globally, eBay’s total revenue grew modestly, driven by stronger results in the U.S. and China. UK Revenue […]
Amazon is gearing up to expand its budget-friendly shopping section, Amazon Haul, into Europe later this year, according to industry sources. The move signals the ecommerce giant’s strategy to counter the rapid growth of low-cost platforms like Temu and Shein, which have been gaining traction among European shoppers. Launched in November 2023 in the U.S., […]
DMSMatrix Reports – TikTok has significantly broadened its reach in the European e-commerce landscape by opening its TikTok Shop platform to merchants in Germany, France, and Italy. This move allows businesses in these major markets to register and begin selling directly to users through the popular social media application. The expansion marks a substantial step […]
Dayuan, accessible via dayuan.co.uk, is increasingly establishing itself as a diverse retail marketplace within the European market, according to observations by DMSMatrix. This growth reflects a trend towards consolidated retail sourcing for a wide array of products. Dayuan’s approach is characterized by its broad range of offerings, positioning it as a comprehensive retail hub. This […]
A recent report from Eurostat reveals that Ireland holds the highest percentage of internet users engaging in online shopping within Europe. The data indicates that in the past year, an impressive 96 percent of Irish internet users made purchases online, placing the country at the forefront of European e-commerce participation. This figure highlights a significant […]
