Redcoon pulls out of Denmark and France

Redcoon pulls out of Denmark and France

Online electronics store Redcoon, part of Media-Saturn, has decided to pull out of France and Denmark as it feels "its competitors have had too much of a head start".

Too much competition

Media-Saturn acquired Redcoon in 2011 and said at the time that the online retailer would become part of the company's strategy to increase its online presence. It has now decided that it is no more useful to invest in Redcoon's presence in France and Denmark, as it feels the e-tailer entered the market too late and that the competition has gained too much of an advantage.

 

Media-Saturn will now focus on the eight remaining Redcoon markets, where it hopes to wipe away the small competitive disadvantage it may have. It may still decide to return to either country, but for the time being, it wants to focus on markets in which it has gained a foothold.

Questions or comments? Please feel free to contact the editors


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.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Amazon's profit takes enormous hit

28/07/2017

American Amazon’s profit plummeted in the second quarter and is also lower than what analysts had predicted, despite a 25 % turnover increase.

Back to top