Etsy has snapped up Depop, the British secondhand clothing resale app, for £1.1bn in a bid to tap into their prominent Gen-Z fashion community. That's an impressive uplift from what essentially started out as a side-hustle!
It's been announced this week that we're in for an extra bank holiday in 2022 as part of The Queen's Platinum Jubilee celebrations .... and the Euro's start soon!
If that wasn't enough, here's some of the latest ecommerce stories to hit in the past week.
UK ECOMMERCE NEWS
The UK government says a new trade deal with Norway, Iceland and Liechtenstein will have benefits for digital trade.
Hotter Shoes accelerates digital transformation with AR integration.
B&M profits more than double as sales climb in ‘exceptional’ year.
Harness, a US tech unicorn to open two UK bases.
Online delivery giant Hermes to create 10,500 jobs in the UK
How heritage kitchen brand Swan grew sales 60% on marketplaces.
Swiftcomplete partners with what3words
Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years.
Fast-growing UK e-commerce company expands warehouse operations.
INTERNATIONAL ECOMMERCE NEWS
H&M’s online second-hand fashion store expands across Europe.
Lands' End Q1 revenues increase by 48.1% as US ecommerce increases 46.6% and international ecommerce grew 37%.
Lululemon Athletica Inc. reported 88% revenue increase for the first quarter driven by continued e-commerce growth and the return of store traffic.
Flink, the German grocery delivery startup, raises $240M after launching just 6 months ago.