eCommerce

Online Retailer vidaXL To Leverage Mirakl Marketplace Platform In Growth Plans

Marketplace solutions work to enable online retail brands to expand their reach without needing to invest in manufacturing, warehousing and logistics. Brands have used marketplaces to increase margins and test extended product ranges.

To move into a greater number of markets, international online home goods retailer vidaXL recently selected global marketplace solutions provider Mirakl to support its growth plans.

VidaXL, which is currently up and running in 27 European countries, the U.S. and Australia, looks to grow its retail categories and the number of markets, as well as streamlining its eCommerce operations. To do so, the online retailer will leverage Mirakl’s B2C Marketplace Platform.

“There was no doubt that we would need a marketplace one day — it was just a matter of when to make that move,” said Kijo Oudshoorn, vidaXL’s chief commercial officer. “It has always been in our strategic planning and will allow us to continue supporting the rapid growth we have experienced to date. A marketplace model allows us to do this without substantial capital investment in manufacturing, warehousing or logistics, because products are held and delivered directly by our sellers.”

VidaXL currently reports receiving 3.5 million unique visitors a month and seeing revenues grow to €178 million ($193 million) since it went live in 2008. Mirakl’s Marketplace Platform hosts online transactions between buyers and sellers of products and services.

“Marketplaces across Europe are freeing up online retailers to focus on the growth of their businesses and brands,” said Eric Chemouny, senior vice president for EMEA at Mirakl. “Buying marketplace technology and completing the technical integration is only part of the implementation process. Choosing a partner that understands retail, and that will work with you to understand and adapt your business, will be the true mark of success.”

The new marketplace already has 120 active sellers, vidaXL said, offering some 18,000 products. The company reports plans to add an additional 100,000 products shortly.

——————————–

Featured PYMNTS Study:

More than 63 percent of merchant service providers (MSPs) want to overhaul their core payment processing systems so they can up their value-added services (VAS) game. It’s tough, though, since many of these systems date back to the pre-digital era. In the January 2020 Optimizing Merchant Services Playbook, PYMNTS unpacks what 200 MSPs say is key to delivering the VAS agenda that is critical to their success.

Click to comment

TRENDING RIGHT NOW