Ecommerce News Roundup | 27 April 2023
It is difficult to see how well or badly things are going at the moment. Many companies are reporting a rise in turnover but drop in profits. There definitely seems to be a shaking out of bad business models. Businesses which are over-leveraged and dependent on the next round of finance or with very slim margins and an inflexible cost-base are being shut down or acquired.
Those retailers with good price elasticity will thrive in these situations - and arguably are a major source of inflation in themselves. Luxury seems to continue to grow and cosmetics and other 'little luxuries' continue to thrive. Travel is also looking very strong. Meta's revenues have risen faster than expected after a bad 2022.
But there does seem to also be a consistent theme of omni-channel and D2C / Customer adoptions continuing to drive growth - see below.
Enjoy looking the three bank holidays in a month!
Best wishes,
James & Patrick
“Taking on a challenge is a lot like riding a horse, isn’t it? If you’re comfortable while you’re doing it, you’re probably doing it wrong.”
UK ECOMMERCE NEWS
Matalan creates new Customer role
Dunelm continues to power ahead.
Mulberry reports strong UK sales with good contributions from omni-channel and D2C
Amazon launches European cross-border functionality for Sellers
INTERNATIONAL ECOMMERCE NEWS
Chief Customer Officer becomes CEO at Reckitt
Canada Goose appoints first CDO as it invests in D2C
Stock-check, Click and collect and TikTok driving growth at Primark
Poundland owner grows over 20% in last quarter