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The Growing Role of Online Marketplaces in the Roaring Twenties

18
Nov

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.

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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.  MARKETPLACE SUCCESS AND TOP PLAYERS In 2019, online sales via marketplaces accounted for 57% of […]

Recommerce: A Flourishing Ecommerce Trend

6
Nov

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.

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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. THE RECOMMERCE ORIGINS Even though recommerce seems like a […]

Encouraging Healthier and More Eco-Friendly Consumer Behaviour

21
Oct

Even when health becomes the top priority for consumers, environmental concerns are increasingly at the forefront of consumer minds, according to new research. The latest survey by GlobeScan, in collaboration with CVS Health, IKEA, PepsiCo, Visa, and WWF International (27,000 consumers, 27 countries) highlights that Covid-19 has strengthened the importance of changing behaviour in order to have a healthier life and more eco-friendly future…

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Even when health becomes the top priority for consumers, environmental concerns are increasingly at the forefront of consumer minds, according to new research. The latest survey by GlobeScan, in collaboration with CVS Health, IKEA, PepsiCo, Visa, and WWF International (27,000 consumers, 27 countries) highlights that Covid-19 has strengthened the importance of changing behaviour in order […]

Master Global Marketplace Trading with Pentagon

24
Sep

2020 is the Year of the Marketplace. With more than 50% of online sales now made on marketplace channels, this year we’ve seen consumer behaviour shift in a few days to shopping habits that retail analysts would have anticipated to take decades…    

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2020 is the Year of the Marketplace. With more than 50% of online sales now made on marketplace channels, this year we’ve seen consumer behaviour shift in a few days to shopping habits that retail analysts would have anticipated to take decades. The growth opportunity for brands and retailers to expand across international borders with […]

MEET ONBUY: THE WORLD’S FASTEST GROWING MARKETPLACE

3
Sep

This week OnBuy announced 600% revenue growth for the second year running, having also revealed 24,000% GMV growth at the end of this fiscal year – just four years after the marketplace launched. With such extraordinary results as the marketplace continues to go from strength to strength and an exclusive ITV advertising campaign in the bag, I caught up with OnBuy Founder and CEO, Cas Paton to discover the secret behind the marketplace’s success.

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This week OnBuy announced 600% revenue growth for the second year running, having also revealed 24,000% GMV growth at the end of this fiscal year – just four years after the marketplace launched. With such extraordinary results as the marketplace continues to go from strength to strength and an exclusive ITV advertising campaign in the […]

Innovation has always been at the heart of the We Are Pentagon Group, and we continuously evaluate how we can help our clients accelerate their online growth. For over a decade, we have worked with many of the UK’s biggest brands and retailers, helping them to sell on global marketplaces. In the process, we have […]

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? With growing numbers of marketplaces disrupting the ecommerce landscape, in this blog we caught up with Håkan Thyr, Chief Revenue […]

Winter is Coming ..

16
Jul

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!

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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! More optimistically, the Bank of England suggests that we should see a V-shaped recovery, owing to the unusual […]

How VAT Can Impact Your Ecommerce Business When Selling Cross-border

31
Jul

E-commerce is fast becoming a dominant sector in terms of growth. Accounting for 12% of total retail sales worldwide and predicted to surge to 17.5% by 2021. Just look at Amazon, which is reaching its 25th Birthday and getting close to being valued at a whopping 1 trillion dollars, overtaking Apple. As more and more companies jump on the e-commerce wagon and with the ease of selling cross-border online, governments are looking to ensure every penny is pocketed. In recent years, cross-border tax fraud has become a concern for authorities, this is due to the rise of e-tailors and the loopholes of the current VAT system.

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Ecommerce is fast becoming a dominant sector in terms of growth. Accounting for 12% of total retail sales worldwide and predicted to surge to 17.5% by 2021. Just look at Amazon, which is reaching its 25th Birthday and getting close to being valued at a whopping 1 trillion dollars, overtaking Apple. As more and more […]

Pentagon talks to Amazon best selling author Sarah Carroll

26
Jun

Pentagon’s Managing Director Europe, Graham Broughton, managed to grab some time with Amazon best selling author, Sarah Carroll, to explore why some online sellers are more successful than others when growing globally, how to avoid key pitfalls of international expansion and to discuss her book ‘Grow Fast, Grow Global: 6 steps to unstoppable international growth in the digital age’ .

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Pentagon was at the Newegg Seller Summit on the 14th June 2018, sharing insights on how brands, retailers and manufacturers can grow their online sales via marketplaces. During the day, Pentagon Managing Director Europe, Graham Broughton, managed to grab some time with Amazon best selling author, Sarah Carroll, to discuss why some sellers are more successful that others when selling globally, how […]

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