Cross-border has experienced an increase of 14.4% compared to the year before. The cross-border market (excluding travel) represented a turnover of around 109 billion euros in 2019. The cross-border share represents 23.55% of total online sales in Europe according to CBCommerce Europe. Players within the European Union (55%) generate most of the cross-border trade in
Spain: COVID-19 consequences for Inditex
Fashion giant Inditex, the owner of brands such as Bershka, Massimo Dutti and Zara, faces the consequences of the COVID-19 outbreak. In Spain, the fashion producer switched its clothes factories in Spain over to making medical supplies. Also, its logistical hub has almost ground to a halt. This effectively freezes the centre of Inditex's business from which it supplies its
Finland: 60% rise in online shopping
In Finland, e-commerce grows rapidly for a few weeks. This, of course, is due to the COVID-19 outbreak. E-commerce platform maker Vilkas Group says it is basing its estimate growth on the sales figures of more than 2000 Finnish online shops, reports Reuters. Vilkas Group Chief Executive Markku Korkiakoski says: "Numbers from the first quarter reveal a unique spike in orders
Amazon extends return period, limits stock over 15kg
Amazon temporarily extends its return period and limits stock weights for products that require two people to pick, pack or ship. This is a consequence of new measurements for the business while dealing with the COVID-19 outbreak. Return period Merchants on Amazon will see the platforms return window extended to the 31st of May, reports Tamebay. This accounts for all
Nike: 20% of turnover comes from online sales
Footwear brand Nike sees a sharp increase in its online sales during this financial quarter. The online sales grew 36%. This means that online now accounts for 20% of all sales of the brand. Overall revenue increased by 5.1%, to $10.10 billion. Nike has yet to feel the full impact of the COVID-19 virus on its sales, which might influence future numbers. The brand is