Market Share of Luxembourg E-Commerce Industry
The level of skill on Luxembourg's e-commerce market is about average because there are only a few big players.There are more and more local and international brands in the e-commerce market, which will soon make the market more competitive.The fashion industry is driving the e-commerce market. According to a report released by ecommerceDB, the fashion industry accounts for 38.3% of Luxembourg's eCommerce revenue.
In February 2022, the Luxembourgian government will take steps to modernize business models and digitize the financial industry. The Ministry of Finance and SnT inked the Finnovation Hub agreement to define the issues and execute digital techniques for the transformation of financial institutions.
In June 2022, DCC and Implico bought 19 retail forecourts in Luxembourg and upgraded them with new software. Besides Luxembourg, Implico supports more than 1,000 retail forecourts across Central and Northern Europe with efficient and sustainable management.
Luxembourg E-commerce Market Leaders
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Wehkamp BV
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Luxcaddy
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Next Germany GmbH
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Auchan Retail
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Zalando SE
*Disclaimer: Major Players sorted in no particular order
