German on-line retailers report slight income positive factors in 2024

Investing.com — German on-line retailers noticed a small improve in income in 2024, marking the primary rise since 2021, in keeping with an announcement by an trade affiliation on Thursday.

The rise is attributed to increased financial savings, that are boosting German shoppers’ confidence to spend.

The BEVH affiliation, which counts Zalando, Amazon (NASDAQ:AMZN)’s German division, and mail order group Otto amongst its members, reported that e-commerce gross sales of products in Germany grew by 1.1% in 2024, reaching 80.6 billion euros ($84.0 billion), inclusive of value-added tax.

In a joint forecast, the BEVH and the EHI retail institute anticipate a quicker progress charge for 2025, with gross sales of products anticipated to rise by 2.5%.

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