Rakuten to Close UK Marketplace
Merchants have received the below email from Rakuten informing them that the Rakuten UK marketplace will close at the end of August. It's sad to see the marketplace close and our sympathy goes out to those who will lose their jobs at the company. Dan Wilson at Tamebay suggests the company suffered from "not knowing what it wanted to do" and in business, that is crucial. In a press release, Rakuten has said it will focus its ecommerce marketplace investment in France and Germany as the businesses there have the scale and potential for sustainable growth. However, in UK and Spain, the cost of growth relative to the size of the businesses has led to plans to close these operations. Here's the email in full, "Dear Merchant We regret to inform you that following a strategic review of its operations in Europe, Rakuten has decided to consider plans to close Rakuten.co.uk to shoppers from the end of August. This is part of a European business review aimed at ensuring that Rakuten is able to redevelop our offer to match customer and merchant expectations in an [...]