The German marketplace Otto aims to expand into the EU
Otto aims to expand its marketplace offering within the EU. The German distance-selling icon announced this alongside its annual financial results. In the fiscal year 2023/2024, Otto’s revenue decreased by...
April 15, 2024
Otto’s online revenue up to €7.7 billion
The online sales of Otto, one of the world’s largest online sellers, witnessed an increase during the previous financial year of up to 7.7 billion euros. Compared to the year...
June 12, 2019
Otto now counts 7 million retailers
A large number of sellers decided to join the online marketplace platform Otto this year. It now has approximately 7 million merchants selling their products via the website. Today, Otto...
May 29, 2019
Otto best European alternative to Amazon
German e-commerce company Otto is the biggest European competitor of Amazon. According to former CEO and current chairman of the Otto Group supervisory board, Michael Otto, it is the only...
April 30, 2019
Instant bank transfer payments introduced by Otto
OTTO, the German online platform has introduced instant bank transfers to its retailers and consumers. It enables customers to transfer payments instantly for their purchases. Using this payment method, the...
January 22, 2019 by far the biggest in Germany
As in previous years, a new research published by EHI and Statista has revealed that is by far the biggest webshop of Germany. As the total turnover has reached...
September 17, 2018
Top 10 Online Shops in Germany: Turnover three times bigger than number 2’s OTTO
Amazon is by far the biggest e-commerce organisation in Germany. Their turnover is three times bigger than number two’s OTTO. Amazon is almost eight times bigger than number three: Zalando....
September 13, 2017
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