Ecommerce News Roundup | 14 November 2022
US Inflation came in lower than expected last week – will this feed into better news on interest rates? Probably not immediately but at least the ecommerce news is moving in the right direction.
Despite big lay-offs in tech, much of this is just rowing back on an unjustified hiring spree last year. Meta let go 11,000 but it had hired 15,000 extra in the last 12 months.
And the world of Crypto is having a major wobble. Good if you enjoy the schadenfreude of watching smug crypto experts looking less smug. Not so good if you were one of those speculators – sorry I mean investors.
Meanwhile, there is plenty to suggest that outside Europe and locked-down China there is an encouraging amount of growth out there.
As always, have a good week…
“PRICE IS WHAT YOU PAY; VALUE IS WHAT YOU GET.”
UK ECOMMERCE NEWS – The Works, Google, Travcorp, …
The Works sees ecomm sales stabilising
InternetRetailing
Travel is still booming as BGF backed Travcorp hits £100M t/o
InsiderMedia
Mixed news on the rebalancing of on- and off-line retail
Drapers
Google announces Discovery Ads
WordStream
INTERNATIONAL ECOMMERCE NEWS – Tik Tok US, Double 11, The Bodyshop,…
TikTok dips its toe into in-app ecommerce in US
SearchEngineLand
Amazon’s European competition
PYMNTS
Ecommerce platform sales continue to boom in China on 11:11/Singles day
yicaiglobal
Owner of Bodyshop sees double digit growth outside Europe
Cosmetics Business
Luxury sales grow for Richemont with 19% on-line growth
Fashion United