A study by Payments Europe, an association of global and European card-based payment solutions providers, concludes that cards are the preferred payment method in Europe. It is both preferred by merchants and consumers. According to the research, the use of cards has increased over the years, with 87% of European consumers feeling comfortable paying this way. Cards were the
The European Commission released its 2019 edition of the Consumer Conditions Scoreboard. It shows that the overall gap in consumer conditions is narrowing between the different regions of the EU. Consumers are more aware of their environmental footprint and consumer rules enable trust in the marketplace. Věra Jourová, EU Commissioner for Justice, Consumers and Gender
Chinese e-commerce giant Alibaba will boost its partnership with El Corte Inglés. The large department store group will offer click-and-collect for AliExpress customers early next year. From that moment, customers will be able to pick up their orders at El Corte Inglés stores. The partnership between El Corte Inglés and Alibaba started in November 2018. The partnership spans
Russia's biggest online retailer Wildberries is planning its launch in Europe. The online company is building a new logistics centre in Slovakia of about 300,000 square meters. While finalisation might take up to one and a half year, the Russian retailer aims to start selling online in Europe this year. The construction of the new warehouse will cost about 200 million euros.
ASOS presented its financial and operating results, which did not live up to expectations this year. The company undertook a huge investment in transitioning itself into a business with a scale and operational capability in both Europe and the United States. It turned out to be more challenging than ASOS foresaw. Transforming the company In its press release, ASOS states that