Hungaryʼs Extreme Digital to launch courier service
With the continuous growth of online shopping, delivery is a growing challenge for online stores. Hungarian electronics webstore Extreme Digital has said it will start its own courier service this year to strengthen its position on the market.
Extreme Digital will launch its own courier service in the second half of 2018, managing director Balázs Várkonyi told business daily Világgazdaság. The company will also open its first store abroad, in Romania, he added.
Overall online retail sales in Hungary are expected to exceed HUF 430 billion this year, Várkonyi said. Black Friday in November 2017 showed significant growth, with orders 20% higher than in the same period in 2016.
Earlier, György Vámos, the head of national commerce association OKSZ, said in an interview with public television that online retail sales in Hungary are expected to climb 20% to as much as HUF 380 bln in 2018. He noted that this projection does not include online sales of food or services. Most of the sales are made by Hungarian webshops, rather than ones in Asia or the United States, Vámos said.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Special Effects Expands Portfolio With Acquisition of Creati...
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
