The Growing Role of Online Marketplaces in the Roaring Twenties
In this new normal, where online shopping is increasingly a necessity rather than a choice, online marketplaces have become a habitual shopping destination for a wider audience, including those consumers that were initially more hesitant about exploring the world of online marketplaces.
While Black Friday 2020 is expected to be the most profitable shopping event to date, many brands and retailers are also adopting and implementing a new selling trend, recommerce, which involves the exact opposite action implied in Black Friday: labels buy back second-hand items from consumers.
Meet Fruugo: the marketplace on a mission to simplify cross border trade
For brands and retailers looking to expand internationally, online giants such as Amazon and eBay are often the first marketplaces which spring to mind. But what other key marketplace players can help you sell online?
Because of Covid-19 we are, according to the Financial Times, facing the worst recession for 300 years, or since the ‘Deep Frost of 1709’. How utterly depressing is that? ‘Winter is coming’ and we better be ready!