BERLIN (Reuters) – Russian online fashion retailer Lamoda is poised to expand to Ukraine and is considering offering its express delivery service to other brands, its chief executive told Reuters.
“It makes sense to go into additional markets. Ukraine is clearly on the map and you will see us going there soon,” CEO Niels Tonsen said in a telephone interview, adding he was also looking at Azerbaijan and Belarus.
BERLIN (Reuters) – Online retailer Home24, a Germany-based start-up which hopes to challenge Ikea’s dominance of the European furniture market, is preparing to expand, betting sofas, beds and lamps will be the next big chunk of the industry to move onto the internet.
Currently only about 3-4 percent of furniture sales are made online, with shoppers often wary of making expensive purchases without seeing them in person and retailers put off by the cost of delivering bulky goods, as well as handling returns.