Vente-privée's growth down to 8 % | RetailDetail

Vente-privée's growth down to 8 %

Vente-privée's growth down to 8 %

French web shop Vente-privée has managed an 8 % turnover increase in 2014, up to 1.7 billion euro. The company's growth has slowed down compared to the year before, but the company is satisfied with current turnover numbers, which have doubled over the past 5 years.

American site shut down

Vente-privée's 2013 turnover growth was 23 %, which is considerably higher than its turnover growth last year. Co-founder Xavier Hof has told the French "Journal du Net" that its performance at the end of 2014 and the beginning of 2015 was very good however.

 

The company, which became well-known for its online flash sales, pointed to the now-defunct American operations, a collaboration with MasterCard, as part of the reason for its slower turnover growth. It had launched its American operations three years ago, but it failed to gain any meaningful traction. At the end of 2014, it launched an affiliate site, called Kooroo, focused on full-price sales.

Questions or comments? Please feel free to contact the editors


Microsoft builds competitor for Amazon Go

14/06/2018

Microsoft is working on its own technology that should render checkouts in stores obsolete. The American company says it wants to be an ally for the retail sector, mostly in its struggle against Amazon Go.

Amazon bans customers who return too much

24/05/2018

Amazon is putting a stop to customers that return too many items or that “misbehave” according to the retailer: whoever crosses the line, will be banned. Dozens of customers have taken to social media to complain about this unilateral account removal.

LVMH invests millions in fashion search engine Lyst

24/05/2018

French luxury group LVMH, led by Bernard Arnault, will invest millions of dollars in Lyst once again. The luxury fashion search engine wants to expand its global expansion this way.

Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.