Momox enters Spain and Italy

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Momox, a second hand market for media merchandise, is increasing to Italy and Spain. The corporate can also be planning to launch its trend section, now solely accessible in Germany, in additional European markets.

Momox provides a platform for second hand sellers of books and different media merchandise, reminiscent of cds, dvds and video video games. The corporate was based in 2004 in Germany. In 2021, {the marketplace} generated 355 million euros in income. Momox is owned by Verdane Capital of Norway since 2019.

Localized web sites and app

Now, Italy and Spain may also use the main recommerce platform. Each nations may have a localized web site (momox.es and momox.it) in addition to entry to the cell app.

Momox will begin reselling on eBay subsequent 12 months.

With Momox, customers can scan the barcode on a media product and add it in a cell app. An algorithm determines a hard and fast worth that the vendor will obtain. The merchandise will be shipped to Momox totally free, which then resells it on Amazon.

Beginning subsequent 12 months, Momox can even resell by way of eBay. In line with the corporate, its second hand merchandise are as much as 70 p.c cheaper than new objects.

Style section in additional nations

Together with the launch in Italy and Spain, {the marketplace} now operates in 6 European markets: its house nation Germany, Austria, France and Belgium. Beforehand, Momox was additionally lively in the UK, however left in 2021 after Brexit.

The platform operates in 6 European markets.

Moreover, Momox plans to launch its second hand trend section in additional European nations. At present, trend is just accessible in Germany. When and the place it will occur first, is just not but specified.

‘We anticipate additional development’

“Momox has had an incomparable success story over the previous 18 years,” says CEO Heiner Kroke from Momox AG. “In view of the rising reputation of second-hand books, media and trend, we anticipate additional development within the coming years.”

He provides: “Consciousness continues to develop worldwide that second hand is an affordable and sustainable different to purchasing new. So the worldwide enterprise nonetheless has a whole lot of potential.”

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