Meet us at Shoptalk Europe, 6-8 June 2022, ExCeL London
March 8, 2022

Global Ecommerce Weekly News: 8th March 2022

By Clea Boyd-Eedle / Amazon, Ecommerce Trends, Global Ecommerce

Get up to date with this week's ecommerce headlines from around the globe.

Amazon to close all brick-and-mortar bookstores and pop-ups in US and UK

  • Amazon has announced that it will be closing all 68 of its ‘Amazon Books’, ‘Amazon 4-Star’ and pop-up brick-and-mortar stores in the United States and United Kingdom.

  • The move is part of Amazon’s strategy to focus on its grocery offerings and a department store concept in the future.

  • Amazon’s first foray into the ecommerce world started by selling books, leading to the eventual bankruptcy of key players such as Borders.

Read more on Reuters

Zalando records 10 billion euros in sales in 2021

  • German fashion marketplace Zalando hit 10.4 billion euros in underlying sales in 2021, a 29.7% growth YOY.

  • Zalando gained more than 10 million new customers in 2021, a more than 26% increase YOY. The marketplace now has 48 million active users and is available in 23 countries.

  • The company is aiming to reach a gross turnover of 30 billion euros by 2025.

Read more on Retail Detail

Wella aims for IPO

  • German hair care company Wella is planning an initial public offering within the next four years.

  • The company’s revenue was hit heavily during the onset of the pandemic, but has seen a strong rebound in 2021 and is expecting continued growth as demand from beauty salons returns.

  • Wella’s most successful market is EMEA, but will be focusing on entering other markets in the coming years.

Read more on Business of Fashion

1 in 4 new Amazon sellers expect to sell their business to an aggregator

  • New research has found that a quarter of new Amazon sellers expect to sell their business to an aggregator, despite 45% of sellers stating their profits increased between 2020 and 2021.

  • The research from Jungle Scout also found that 95% of sellers are planning on expanding their business on Amazon, with 32% planning on expanding their marketing spend as well.

  • 30% of sellers surveyed stated they were exploring selling on other marketplaces.

Read more on Charged Retail

Klarna credit losses hit high of $542 million USD

  • Buy Now, Pay Later company Klarna has revealed its credit losses jumped to $542 million USD in 2021.

  • The company attributes the surge in losses to rapid growth in its consumer base and continued market expansion, with Klarna now offering its services in over 170 countries.

  • Klarna claims that 99% of its lending is repaid and that its losses are below the industry standard.

Read more on Retail Systems

Kanye West x Gap x Balenciaga’s collection sells out on Tmall Global

  • The latest fashion collaboration between rapper Kanye West and luxury brand Balenciaga, featuring apparel brand Gap, has sold out on Farfetch’s Tmall Global store within minutes.

  • The collection went on sale on February 23, with Tmall’s Chinese consumers snapping up all items immediately.

Read more on Alizila

More Resources
Tmall Global Benchmarking Report 2022
UK Shopper Report 2022
Australian Ecommerce Benchmark Report January 2022