GrowBizTools-Reverso

The online fashion retailer Zalando wants to drive its growth in the coming years.  In the long term, Zalando wants to achieve a share of more than 10 percent in the European fashion market, the volume of which the company puts at around 450 billion euros.  In addition, the gross goods volume (GMV), i.e. the volume of all sales, is to rise to more than 30 billion euros by 2025, the company announced on Tuesday in Berlin.  Zalando is developing more and more into a platform that also offers other brand manufacturers space for their business, which is becoming increasingly important for them in times of Corona - especially since the stationary stores had to close again in the second lockdown last year - in the middle of the important Christmas business  .  In the past year, Zalando achieved above-average GMV growth, which also includes business via the platform.  It rose by 30.4 percent to 10.7 billion euros.  In the fourth quarter of 2020, the partner p...

The conversion at Tui continues: The tour operator wants to significantly expand its online share of travel bookings.  But the company also wants to attract more customers offline. Tui wants to increase the proportion of online bookers. Cologne "In Germany, our online share is 15 percent," said Tui CFO Horst Baier on Tuesday at a specialist tourism congress in Cologne.  That is not enough.  In Great Britain, for example, 40 percent of Tui bookings are made over the Internet and in Scandinavia even 60 percent.  Experts anticipate that the proportion of Internet bookers will continue to rise sharply in Germany as well. Baier did not name an exact target for the share targeted in this country.  The increase in the online share should also be achieved through intelligent networking with travel agencies.  The Internet should not become the sole sales channel.  Rather, it is about developing new structures in the sales mix, said Baier. Tui Germany is undergo...

Do-it-yourself (DIY) is popular and became even more popular during the corona crisis.  The DIY marketplace ManoMano, which was founded in France, has been in operation since 2013 and has now raised 355 million US dollars in a financing round, according to the company.  With the resulting valuation of $ 2.6 billion, the online marketplace now also counts as a unicorn.  This refers to companies valued at at least a billion dollars. ManoMano wants to be the "first point of contact for all projects related to home improvement, house and garden".  The six different country platforms currently reach around 50 million unique visitors per month and seven million customers across Europe.  "By offering access to a highly qualified DIY audience and a comprehensive range of category-specific services, we also want to be the preferred partner for all European retailers who want to expand their online business in our industry", hope the two co-founders Philippe de  Chan...

In order to scale a company successfully, you have to lay the foundations and have the persistence to keep it going. Let's be honest.  It's difficult to scale your business.  It is very tiring.  In the beginning it means wearing different hats.  It means dealing with sales and marketing.  It means understanding taxes and company policies.  It's about interacting with customers on a daily basis.  And so much more.  At the end of the day, it takes a toll. When you're struggling to grow your business, there is light at the end of the tunnel.  Sure it's hard.  But what is the alternative?  A fun-loving 9-to-5 job?  Certainly not.  Okay, maybe you long for the security of a guaranteed paycheck.  But what mental or emotional price will this come at? The truth?  Buckling your seat belts, clearing your mind and just looking at things from one perspective is an easy way to find out how to grow your business and make more ...

Düsseldorf  - Thanks to its booming online business, electronics retailer Ceconomy (Media Markt, Saturn) has come through the Corona crisis relatively well so far.  Now the retail giant wants to increasingly open its e-commerce platform to other retailers and build it into the largest omnichannel marketplace for consumer electronics in Europe, as it announced on Tuesday. Despite the corona-related six-week closure of the shops in the spring, sales of the largest German electronics retailer in the 2019/20 financial year ended at the end of September were only 1.8 percent below the previous year's level at 20.8 billion euros.  Because the failures in the stationary business were largely absorbed by the booming online business. Online sales rose by more than 44 percent to 4.2 billion euros and thus accounted for a good 20 percent of total sales.  The group also benefited from the pandemic-related increased demand for technical equipment for working, learning and living ...

The US retail giant Walmart wants to expand its marketplace for third-party products through cooperation with the Canadian ecommerce provider Shopify.  As Walmart CEO Jeff Clementz announced in an interview with the financial news agency Bloomberg on Monday, 1200 dealers licensed by Shopify are to be added to the retailer's online offerings this year.  The agreement is due to be officially announced later that day.  With the cooperation, Walmart wants to continue to catch up with the market leader in online retailing Amazon.  Despite Walmart's efforts over the past few years to grow its $ 21.5 billion online business and make it profitable, a loss has remained on the books so far.