Each week we gather the top three eCommerce news items of the week. Here’s what stood out for us this week!
Zalando has upgraded its ambitions to take a larger share of the European fashion market as sales soared over the past year.
The German fashion marketplace is now aiming to take more than 10% of the market share with expectations to achieve gross merchandise volume (GMV) of more than €30bn by 2020. Read the full article here.
Toys R Us could soon be resuscitated and brought back to its former glory as it signs a deal with a new major investor.
Toys R Us’ parent company TRU Kids has just sold a controlling stake to WHP Global, a New York-based investment and management firm with ambitions of building a global portfolio of brands.
“Clearly e-commerce opportunities are substantial, but that’s just where it starts”. Read the full article here.
Retailers will allocate more store space to experiences than physical products by 2025 according to new research from shopping centre giant Unibail-Rodamco-Westfield.
Westfield’s study, which polled 2000 UK consumers and 500 UK retailers, focused on the impact of the pandemic on the future of shopping, finding a range of trends which have been “turbo-charged” throughout 2020. Read the full article here.