Monday, September 25, 2023
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Notino named Europe’s high cross-border magnificence participant

The commerce organisation, which is devoted to fostering cross-border e-commerce in Europe, revealed that the most important cross-border key participant within the magnificence class was Czech Republic retailer Notino, which got here 30th​ in its total rating of the highest 250 trend and wonder retailers.

Additionally within the high 5 had been Swiss model producer Oriflame in second place, US pure play enterprise Dermstore in third place, UK producer Avon in fourth place, and Netherlands pure participant Farmaline in fifth place.

The highest 250 rating unveiled the pivotal gamers within the trend and wonder sector which are working throughout borders in 30 international locations (the EU27, UK, Switzerland and Norway) by way of on-line platforms, predominantly B2C and C2C sellers and excluding B2B sellers.

Cross-Border Commerce Europe shared that Europe’s on-line trend and wonder market achieved a turnover of €122bn in 2022 (from which €45bn is cross-border) and it’s projected to achieve €144bn by 2026, which might mark 18% progress.

It stated that this upward trajectory is supported by the presence of C2C marketplaces that provide sustainable second-hand trend and resale choices.

On-line market poised for steady progress over the subsequent 5 years

The whole EU on-line retail B2C market amounted to €729bn in 2022, with trend and wonder gross sales accounting for 17% of this sum, in keeping with Cross-Border Commerce Europe’s information.   

It stated that it anticipated that over 1 / 4 of trend and wonder commerce could be performed on-line by 2026.

Rising tendencies such because the metaverse, livestream buying, personalisation, and second-hand promoting are all anticipated to bolster the expansion.



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