Back Market takes a step into physical retail with Bouygues Telecom

Featured image of the article Back Market takes a step into physical retail with Bouygues Telecom

An article by Sophie Baqué

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Publication

20 September 2024 à 11h41

Updated on 23 September 2024 à 13h22

Reading time

3 minutes

Publication: 20 September 2024 à 11h41, Updated on 23 September 2024 à 13h22

Reading time: 3 minutes

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In the U.S.A. and France, Back Market is moving up the value chain and joining forces with Verizon and Bouygues. The marketplace is also due to sell via 15 stores.

An article by Sophie Baqué

Add mind Retail to your sources
Publication

20 September 2024 à 11h41

Updated on 23 September 2024 à 13h22

Reading time

3 minutes

Publication: 20 September 2024 à 11h41, Updated on 23 September 2024 à 13h22

Reading time: 3 minutes

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After laying off 13% of the workforce in 2022, Back Market (sales of €320 million in 2023 up by 45%, for a GMV of €2.16 billion) announced on September 19 that it would reach profitability in Europe in 2024. With a new European regulation expected in June 2025 to extend the lifespan of smartphones, the €5 billion marketplace for refurbished products, which operates in 18 countries, outlined its distribution strategy.

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Article authors
Featured image of the article Sophie Baqué
Sophie Baqué Chief Editor of mind Retail
Featured image of the article Sophie Baqué
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