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🚨 BUY ALERT $CDON +23% 🚨
$CDON was founded in 1999 and was part of the Qliro group until September 2020
⭐️ It was then spun out at started operating as a fully independent retailer
🌐 It is now a leading e-commerce player, but is still valued as a brick & mortar retailer
The company generated most of its revenue from its own sales (first party sales)
🛍 It is now moving towards an “e-commerce platform” / marketplace positioning where merchants retail products and send these to clients
$CDON is the leading e-commerce player in the Nordics, it counts 2m active customers and over 1,300 merchants
💸 It retails over 8m products and scored a Gross Merchandise Value of SEK 2.4B ($ 288m) in the 12 months leading to Q3 ’20
$CDON belongs to a cohort of local e-commerce player which have successfully managed to fight $AMZN’s dominance
🇳🇱 https://t.co/jUdtPRTkdU in the Netherlands is the leading e-commerce player with 111m website visits (+30% in H2 ’20) vs 33m for $AMZN (+67% in H2 ’20)
🇫🇷 https://t.co/r9rdGvrx9d in France is the N°2 e-commerce player with 84m visits (+21% in H2 ’20) vs 270m for $AMZN (+42% in H2 ’20)
🇸🇪 https://t.co/m8OyFnNYNJ in Sweden scored 7m visits (+27% in H2 ’20) vs 10.3m for $AMZN (entered market in 2020)
$CDON was founded in 1999 and was part of the Qliro group until September 2020
⭐️ It was then spun out at started operating as a fully independent retailer
🌐 It is now a leading e-commerce player, but is still valued as a brick & mortar retailer
The company generated most of its revenue from its own sales (first party sales)
🛍 It is now moving towards an “e-commerce platform” / marketplace positioning where merchants retail products and send these to clients
$CDON is the leading e-commerce player in the Nordics, it counts 2m active customers and over 1,300 merchants
💸 It retails over 8m products and scored a Gross Merchandise Value of SEK 2.4B ($ 288m) in the 12 months leading to Q3 ’20
$CDON belongs to a cohort of local e-commerce player which have successfully managed to fight $AMZN’s dominance
🇳🇱 https://t.co/jUdtPRTkdU in the Netherlands is the leading e-commerce player with 111m website visits (+30% in H2 ’20) vs 33m for $AMZN (+67% in H2 ’20)
🇫🇷 https://t.co/r9rdGvrx9d in France is the N°2 e-commerce player with 84m visits (+21% in H2 ’20) vs 270m for $AMZN (+42% in H2 ’20)
🇸🇪 https://t.co/m8OyFnNYNJ in Sweden scored 7m visits (+27% in H2 ’20) vs 10.3m for $AMZN (entered market in 2020)