The turnover of the Web buying and selling platform “PHH Group Market”, which additionally contains the web retailer “220.lv”, was 105 million euros final 12 months, which is approx. 66% greater than in 2022, the corporate’s representatives say.
Usually, three million orders had been positioned on “PHH Group Market” in 2023, which is a rise of greater than 67% in comparison with 2022.
220.lv Market Gross sales Supervisor Kārlis Ozols emphasizes that, generally, the expansion fee of e-commerce each in Latvia and globally final 12 months was reasonable. Alternatively, the market, which in keeping with its methodology and construction is a business community on the Web, promoting items in a single place to completely different retailers, is at the moment the e-commerce resolution most effective, from the viewpoint of each patrons and entrepreneurs. .
“Final 12 months, whereas we had been persevering with the enterprise development technique and growing the Market idea, when the general efficiency of the e-commerce enterprise began to say no, it was -the opinion of the market or the buying and selling platform that held the market chief place of the corporate. Within the 5 years since 220.lv Market has been working, the platform has tailored its exercise to the altering circumstances of the market, which was made simpler by the Covid-19 pandemic and the implications of the warfare began by Russia in Ukraine, together with the financial system. decline In June 2023, Market expanded its operations by opening a market in Finland, which on the similar time elevated the standard of its vary and investments in warehouse infrastructure. We consider that the Finnish market is among the most promising for e-commerce, as the info reveals that 77% of Finnish customers have made a purchase order on-line within the final 28 days left, with gardening and sports activities, in addition to lively leisure merchandise ranked among the many final 28 days. TOP3 product classes,” continues Okay. Ozols.
