CECONOMY have accelerated expansion of their MediaMarktSaturn Marketplace, launched in 2021, which now boasts around 1.2 million products on the platform. The MediaMarkt marketplace is already live in Germany, Austria and Spain, where it achieved sales growth of 121% in the third quarter.
At the end of July 2023, the company already had around 1,060 third party resellers listing on MediaMarkt, with a total of nearly 1.2 million products on its platform.
Ceconomy, Europe’s leading consumer electronics retailer and owner of MediaMarkt and partner chain Saturn, grew again in the third quarter of 2022/23, increasing sales by 7.4% year-on-year to around €4.5 billion.
CECONOMY’s business performance in the individual segments was largely positive in the third quarter. Customer demand picked up again in the DACH segment, especially in Germany and Austria. In the Western/Southern Europe segment, sales decreased by 1.4% compared with the prior-year period. However, the Netherlands saw sales growth as a result of good development in the online business and strong demand in the Services & Solutions segment. The Eastern Europe segment achieved substantial growth thanks to strong sales development in Türkiye.
The marketplace business is an important source of income for the company, which they point out requires no internal inventory holding and avoids the related costs of their retail operations. Having achieved sales growth of 121% in the third quarter they aim to launch MediaMarkt in the Netherlands and Italy.
We are proud of our performance in the last quarter. In recent months, we have made major progress on the execution of our strategy, which is firmly geared towards customer benefit. Our financial success is the result. In Germany and Italy, we have rolled out new store formats and significantly increased our external Marketplace sales. We are making great strides in our transformation into a customer-centric service platform and strengthening our position as a leading provider of consumer electronics in Europe. Given our company’s performance in the financial year so far, we are confident about the final quarter and optimistic that we will achieve our growth targets for the year as a whole. I warmly thank all our employees for their tremendous dedication, which led to this success– Dr Karsten Wildberger, CEO, CECONOMY AG
The marketplace is open to European sellers meeting the following criteria:
- You are based in the EU
- You have a commercial and tax registration within the EU
- You have a bank account within the EU
- You operate your own logistics network or use that of a service provider to deliver directly to end customers
- You send from a warehouse within the EU and receive returns there
- You can offer end customers a German-speaking customer service that is very easy to reach
- Your products all have an EAN
- You can meet MediaMarkt requirements for product descriptions
If you are interested in selling on MediaMarkt you can sign up here so long as you meet the above criteria.