Shoppers show a preference for marketplaces. And the more often someone shops, the more they tend to favor the marketplace model. Shoppers around the world like eCommerce marketplaces. A lot. Two-thirds of them prefer eCommerce sites that have a multi-merchant marketplace over those that do not, according to a survey from Mirakl, a marketplace technology […]
By Adrien Nussenbaum, Forbes Councils Member Forbes Technology Council Co-founder and CEO of Mirakl, the global leader in enterprise marketplace solutions. Tech entrepreneur, marketplace expert. GETTY Images Enterprise marketplaces are proving to be an essential priority for retailers and brands looking to capitalize on expansive growth in consumer e-commerce. According to new research, in 2020, online […]
Macy’s Inc., lifted by strong sales performances across all of its divisions, reported net income of $239 million, or 78 cents a share, for the third quarter, compared to a loss of $91 million or 29 cents, in the year-ago period. Total sales for the quarter ended Oct. 30 rose to $5.44 billion, compared to […]
Macy’s is planning to launch a curated digital marketplace for third-party sellers in the second half of 2022, following the model set by Amazon, Walmart, Target and other retailers that have seen success in providing a platform for others, as digital sales continue to outpace in-store purchases. Jeff Gennette, chairman and CEO of Macy’s, said […]
Image courtesy of Macy’s media assets Macy’s has announced its plans for a digital marketplace. Designed to add to the company’s leading spot as a digitally led omnichannel retailer, the marketplace will expand the assortment in categories and brands already offered, and introduce a range of new ones in addition. The platform will also enable […]
Photo by Roy Rochlin | Getty Images Entertainment | Getty Images Macy’s reported third-quarter earnings and sales that topped analysts’ estimates. CEO Jeff Gennette said Macy’s added 4.4 million new customers in the quarter and benefited from an “improved economic environment.” Macy’s raised its expectations for earnings and revenue for the full year. Macy’s on Thursday […]
Macy’s is continuing its omnichannel evolution with the launch of a curated digital marketplace for both its flagship brand and Bloomingdale’s slated to open in the second half of 2022. Additionally, the retailer will adjust its 125 planned closings for 2023 by closing an additional 10 stores in January 2022, but taking a second look at another 60 that were intended to go dark. The […]
Software-as-a-Service (SaaS) platform Mirakl on Tuesday (Nov. 9) said it’s adding invoice compliance expertise through its acquisition of French startup Octobat, a move that will help Mirakl customers manage local and global regulations as they expand around the world. Mirakl’s technology and network of industry partners allows operators to expand their global offerings faster than they could have […]
Debenhams has announced that it has become the UK’s largest marketplace across fashion, beauty, sport, and homeware by launching a new platform powered by major SaaS provider Mirakl. The Boohoo Group-owned retailer and Mirakl said the new marketplace “enables Debenhams to meet evolving customer demand, rapidly scaling [the] assortment to more than 70,000 new products in three […]
Run by its innovation division, Red Lightning Group, the e-commerce platform aims to improve the supply chain, grow OEM and bring in new verticals for the food service distributor. Parts Town’s new Marketplace will help it expand into other verticals, such as HVAC parts, janitorial supplies, water filtration, technician supplies, and residential appliances. The Red […]
Debenhams has launched a new online marketplace following its takeover by Boohoo earlier this year. It comes after Debenhams, once a historic high street staple in the UK, ended up another casualty of the pandemic that drove shoppers to the digital sphere. The website, launched by marketplace software as a service (SaaS) platform Mirakl, […]
For manufacturers, distributors, and enterprise retailers, owning a marketplace could be a competitive advantage and a key to business growth. “Marketplaces have been hot for a long time. A prime example is Amazon, which is one of the largest eCommerce sites in the world — with 56% of its unit sales coming from marketplace sellers,” […]
Enterprise marketplace SaaS platform Mirakl, which powers the third-party marketplaces of some of the world’s top retailers, including The Kroger Co., Urban Outfitters and Carrefour, has raised $555 million in a Series E funding. With this new cash infusion the company’s valuation has more than doubled since its $300 million Series D funding round in September 2020, to $3.5 billion. The rate at which Mirakl is […]
Image Credit: Adrian Sulyok/ Unsplash French startup Mirakl has closed a new Series E funding round of $555 million. Following this round, the company is now valued at $3.5 billion. Mirakl helps you launch a marketplace on your online store for your end customers or for your B2B clients. It’s a software-as-a-service marketplace, meaning that Mirakl manages […]
Sept 21 (Reuters) – Mirakl said on Tuesday it had raised $555 million in a funding round that valued the tech startup that helps companies set up online marketplaces at more than $3.5 billion. Paris and Boston-based Mirakl said that more than 300 companies already use its platform and the funding, led by private equity […]
Adrien Nussenbaum (pictured) is the co-founder and co-CEO of Mirakl. He started the company with Philippe Corrot, who’s based in France. Mirakl, a Parisian marketplace platform with dual headquarters in France and Somerville, plans to more than quadruple its U.S. team after raising another late-stage round of finance. Mirakl raised $555 million in a Series […]
Silver Lake has led a $555 million funding round for Mirakl, a provider of cloud-based marketplace technology. Existing investors 83North, Elaia Partners, Felix Capital, and Permira participated in the series E round that cemented Mirakl’s status as a unicorn. The round valued the French startup at $3.5 billion, up from the $1.5 billion valuation Mirakl […]
Online marketplaces are still on the rise with shoppers continuing to look for safer, more convenient ways to shop as the pandemic continues. In fact, data shows that digital, third-party marketplaces are seeing an 81% increase in gross merchandise value year-over-year thus far in 2021. Why the shift toward online marketplaces? With in-person shopping off the […]
While marketplaces may offer an opportunity to gain market share, B2B sellers should review their readiness for the marketplace model. Magnus Meier of SAP and Angela Troccoli of Mirakl write about six vantage points for analyzing that readiness. It was the American politician and women’s rights advocate Jeannette Rankin who said, “You can no more win […]
Frequent online shoppers make half their web purchases on marketplaces
/Press Coverage Optional /by Austin FontanellaShoppers show a preference for marketplaces. And the more often someone shops, the more they tend to favor the marketplace model. Shoppers around the world like eCommerce marketplaces. A lot. Two-thirds of them prefer eCommerce sites that have a multi-merchant marketplace over those that do not, according to a survey from Mirakl, a marketplace technology […]
What Does It Take To Build A Thriving Enterprise Marketplace?
/Press Coverage Optional /by Austin FontanellaBy Adrien Nussenbaum, Forbes Councils Member Forbes Technology Council Co-founder and CEO of Mirakl, the global leader in enterprise marketplace solutions. Tech entrepreneur, marketplace expert. GETTY Images Enterprise marketplaces are proving to be an essential priority for retailers and brands looking to capitalize on expansive growth in consumer e-commerce. According to new research, in 2020, online […]
Macy’s Inc. Reports Strong 3rd Quarter, Lifts Outlook for Year
/Press Coverage Optional /by Austin FontanellaMacy’s Inc., lifted by strong sales performances across all of its divisions, reported net income of $239 million, or 78 cents a share, for the third quarter, compared to a loss of $91 million or 29 cents, in the year-ago period. Total sales for the quarter ended Oct. 30 rose to $5.44 billion, compared to […]
Macy’s Follows Amazon, Walmart in Development of Digital Marketplace
/Press Coverage Optional /by Austin FontanellaMacy’s is planning to launch a curated digital marketplace for third-party sellers in the second half of 2022, following the model set by Amazon, Walmart, Target and other retailers that have seen success in providing a platform for others, as digital sales continue to outpace in-store purchases. Jeff Gennette, chairman and CEO of Macy’s, said […]
Macy’s announces plans for curated digital marketplace
/Press Coverage Optional /by Austin FontanellaImage courtesy of Macy’s media assets Macy’s has announced its plans for a digital marketplace. Designed to add to the company’s leading spot as a digitally led omnichannel retailer, the marketplace will expand the assortment in categories and brands already offered, and introduce a range of new ones in addition. The platform will also enable […]
Macy’s shares rise as department store beats on earnings and hikes full-year outlook, thanks to new customers
/Press Coverage Optional /by Austin FontanellaPhoto by Roy Rochlin | Getty Images Entertainment | Getty Images Macy’s reported third-quarter earnings and sales that topped analysts’ estimates. CEO Jeff Gennette said Macy’s added 4.4 million new customers in the quarter and benefited from an “improved economic environment.” Macy’s raised its expectations for earnings and revenue for the full year. Macy’s on Thursday […]
Macy’s Plans Online Marketplace Launch for 2022, Reconsiders 60 Store Closures
/Press Coverage Optional /by Austin FontanellaMacy’s is continuing its omnichannel evolution with the launch of a curated digital marketplace for both its flagship brand and Bloomingdale’s slated to open in the second half of 2022. Additionally, the retailer will adjust its 125 planned closings for 2023 by closing an additional 10 stores in January 2022, but taking a second look at another 60 that were intended to go dark. The […]
Mirakl Acquires Octobat to Enhance Invoice Compliance
/Press Coverage Optional /by Austin FontanellaSoftware-as-a-Service (SaaS) platform Mirakl on Tuesday (Nov. 9) said it’s adding invoice compliance expertise through its acquisition of French startup Octobat, a move that will help Mirakl customers manage local and global regulations as they expand around the world. Mirakl’s technology and network of industry partners allows operators to expand their global offerings faster than they could have […]
Debenhams launches giant marketplace as it targets fast growth
/Press Coverage Optional /by Austin FontanellaDebenhams has announced that it has become the UK’s largest marketplace across fashion, beauty, sport, and homeware by launching a new platform powered by major SaaS provider Mirakl. The Boohoo Group-owned retailer and Mirakl said the new marketplace “enables Debenhams to meet evolving customer demand, rapidly scaling [the] assortment to more than 70,000 new products in three […]
Parts Town Goes Full-Tilt on E-Commerce Marketplace Model
/Press Coverage Optional /by Austin FontanellaRun by its innovation division, Red Lightning Group, the e-commerce platform aims to improve the supply chain, grow OEM and bring in new verticals for the food service distributor. Parts Town’s new Marketplace will help it expand into other verticals, such as HVAC parts, janitorial supplies, water filtration, technician supplies, and residential appliances. The Red […]
Debenhams launches new online marketplace following Boohoo takeover
/Press Coverage Optional /by Austin FontanellaDebenhams has launched a new online marketplace following its takeover by Boohoo earlier this year. It comes after Debenhams, once a historic high street staple in the UK, ended up another casualty of the pandemic that drove shoppers to the digital sphere. The website, launched by marketplace software as a service (SaaS) platform Mirakl, […]
Should Merchants Launch Their Own Marketplaces?
/Press Coverage Optional /by Austin FontanellaFor manufacturers, distributors, and enterprise retailers, owning a marketplace could be a competitive advantage and a key to business growth. “Marketplaces have been hot for a long time. A prime example is Amazon, which is one of the largest eCommerce sites in the world — with 56% of its unit sales coming from marketplace sellers,” […]
This Tech Startup Just Raised $555 Million To Help Retailers Compete With Amazon
/Press Coverage Optional /by Austin FontanellaAn employee at a Kroger grocery distribution center. Mirakl has helped Kroger and other retailers create their own online marketplaces, hoping increased selection will draw shoppers. © 2020 BLOOMBERG FINANCE LP Mirakl, a French startup that builds online shopping services, is raising $555 million in a Series E round that includes Silver Lake, Bain and Felix Capital, […]
Mirakl Rakes in $555M in New Funding as Online Marketplaces Boom
/Press Coverage Optional /by Austin FontanellaEnterprise marketplace SaaS platform Mirakl, which powers the third-party marketplaces of some of the world’s top retailers, including The Kroger Co., Urban Outfitters and Carrefour, has raised $555 million in a Series E funding. With this new cash infusion the company’s valuation has more than doubled since its $300 million Series D funding round in September 2020, to $3.5 billion. The rate at which Mirakl is […]
Marketplace platform Mirakl raises $555 million at $3.5 billion valuation
/Press Coverage Optional /by Austin FontanellaImage Credit: Adrian Sulyok/ Unsplash French startup Mirakl has closed a new Series E funding round of $555 million. Following this round, the company is now valued at $3.5 billion. Mirakl helps you launch a marketplace on your online store for your end customers or for your B2B clients. It’s a software-as-a-service marketplace, meaning that Mirakl manages […]
E-commerce tech Mirakl says raises $555 million in funding
/Press Coverage Optional /by Austin FontanellaSept 21 (Reuters) – Mirakl said on Tuesday it had raised $555 million in a funding round that valued the tech startup that helps companies set up online marketplaces at more than $3.5 billion. Paris and Boston-based Mirakl said that more than 300 companies already use its platform and the funding, led by private equity […]
Parisian unicorn Mirakl to quadruple U.S. team with $555M
/Press Coverage Optional /by Austin FontanellaAdrien Nussenbaum (pictured) is the co-founder and co-CEO of Mirakl. He started the company with Philippe Corrot, who’s based in France. Mirakl, a Parisian marketplace platform with dual headquarters in France and Somerville, plans to more than quadruple its U.S. team after raising another late-stage round of finance. Mirakl raised $555 million in a Series […]
This Tech Startup Just Raised $555 Million To Help Retailers Compete With Amazon
/Press Coverage Optional /by Austin FontanellaSilver Lake has led a $555 million funding round for Mirakl, a provider of cloud-based marketplace technology. Existing investors 83North, Elaia Partners, Felix Capital, and Permira participated in the series E round that cemented Mirakl’s status as a unicorn. The round valued the French startup at $3.5 billion, up from the $1.5 billion valuation Mirakl […]
Growth Of Online Luxury Marketplaces Continues In 2021
/Press Coverage Optional /by Austin FontanellaOnline marketplaces are still on the rise with shoppers continuing to look for safer, more convenient ways to shop as the pandemic continues. In fact, data shows that digital, third-party marketplaces are seeing an 81% increase in gross merchandise value year-over-year thus far in 2021. Why the shift toward online marketplaces? With in-person shopping off the […]
Finding your place in the new B2B marketplace battle zone
/Press Coverage Optional /by Austin FontanellaWhile marketplaces may offer an opportunity to gain market share, B2B sellers should review their readiness for the marketplace model. Magnus Meier of SAP and Angela Troccoli of Mirakl write about six vantage points for analyzing that readiness. It was the American politician and women’s rights advocate Jeannette Rankin who said, “You can no more win […]