Spryker

Momox Hits €377 Million in Second-Hand Sales Surge

OMR reports on Momox’s continued growth as a major recommerce operator: the German company reported €377 million in revenue for 2024 (an 8.6% increase vs. 2023) and operates inventory of more than 14 million used items across ~150,000 m². Momox buys used books, media and clothing via barcode-based apps with real-time AI-driven prices that are updated roughly every 30 minutes; roughly 10,000 sellers send an average of 20 items per day to its Leipzig logistics center. Momox sells through its own shops (Medimops and Momox Fashion) and marketplaces — Medimops now handles ~60% of book/media sales directly and Momox Fashion ~90% of clothing sales, while Amazon still accounts for ~30% of total volumes. The company employs ~2,100 people, sells ~200,000 items daily (about 60,000 transactions), and aims to minimize recycling by relying on data-driven sourcing. Growth priorities include geographic expansion and scaling fashion, though low-cost new goods from China pose competitive pressure.

Explore Exciting Side Events at OMR Festival 2024!

OMR published a comprehensive preview of Side Events taking place around the OMR Festival 2024 in Hamburg (main festival: May 7–8). The article lists dozens of partner-run meetups, live podcasts, networking dinners, investor barbecues, themed breakfasts, runs, experiential activations (e.g., ice bathing, speed raves) and invite-only creator events happening before and during the festival across the city. It explains the two-step application process for Masterclasses, Guided Tours and Side Events: attendees must hold an OMR Festival ticket linked to their myOMR account, select sessions in the event timetable and apply via the applicant tool. Applicants may request up to six Masterclasses/Guided Tours and up to three Side Events. The application window runs 4–24 April 2024; slot assignments are communicated from 30 April. The piece highlights sample events and notes some require direct registration or invites.

Temu: The Candy Crush of E-Commerce Disruption

An OMR Podcast episode with e‑commerce experts Jan Bechler and Alex Graf discusses how Chinese shopping apps Temu and Shein — and the anticipated TikTok Shop — are disturbing Western e‑commerce, potentially challenging Amazon’s dominance. Bechler argues Temu has grown rapidly but is likely overrated: it has not proven it can retain users organically and he describes the app as "a mix of one‑euro‑shop and Candy Crush," unsuitable for premium brands. Alex Graf counters that platform competition typically yields several winners and is especially interested in TikTok Shop, which he believes could succeed because of superior content personalization. The conversation covers brand strategies, Amazon’s current dominance and costs, examples of brands withdrawing (e.g., Miele), and broader implications for how brands and marketplaces may evolve.