Redcoon online larger than Media Markt and Saturn combined

Redcoon online larger than Media Markt and Saturn combined

Electronics chains Saturn and Media Markt realise the lion’s share of their online sales not through their own online shops, but through subsidiary Redcoon.

Online sales have to double - at least

Redcoon is part of the Media Saturn-Holding since July 2011, while Media Saturn-Holding is owned for 78% by the German group Metro. In 2012 the holding had 755 million euro worth of online sales: 432 million euro was realised by Redcoon, with only 323 million euro left for Media Markt and Saturn combined.

 

Online sales of the three chains brought in 4% of total sales of Media-Saturn, a number the company wants to see at least doubled in 2013. That is definitely not impossible: Media Markt for example only started its own online store in Germany on January of last year and sales are only now really picking up speed.

 

Redcoon also knows a strong growth: the ten year old company is active in Belgium, The Netherlands, Germany and six other countries and is said to daily attract 2000 new customers. Each month it sells about 180.000 products online.

Questions or comments? Please feel free to contact the editors


Safe.Shop is new global eCommerce trust mark

16/10/2017

Safe.Shop is the world’s first global eCommerce trust mark. Currently, only twelve countries signed up, but that number should increase in the future.

Fashion platform About You launches in the Netherlands and Belgium

11/10/2017

German fashion web shop About You, the second largest online European fashion retailer, officially launched in Belgium and the Netherlands following an unofficial launch in the Netherlands some time ago.

Alibaba invests billions in physical retail

28/08/2017

Over the past two years, Chinese eCommerce giant Alibaba has spent nearly seven billion euro in physical retail. Its Hema Xiansheng chain already has thirteen supermarkets and it acquired luxury department store Intime from the government in January.

Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Back to top