17 Jan Ecommerce News Roundup | 16 January 2023
As the metropolitan elite fly their PJs into Davos to turn oxygen into CO2 whilst they discuss climate change, it is now widely reported in the press that the prediction of a massive worldwide recession may have been hyberbole.
As ever, we like to strike an optimistic but realistic tone in this newsletter. There may be many green shoots but there have been some real casualties of the last 12-18 months. Businesses with huge growth and great teams such as Cazoo have seen their frothy valuations reduce to almost zero. Other companies that managed to zombify themselves with the artificial life support system of low interest rates have also proved vulnerable and are being shut down or absorbed. Profit is back in fashion. Our optimistic realistic hope is that this leads to a flood of great talent back into stronger companies – all part of the great wheel of business life.
James & Patrick
Start by doing what is necessary then what is possible; and suddenly you are doing the impossible.
UK ECOMMERCE NEWS – Dunelm, Doc Martens, dog food, …
Dunelm keeps growing – and digital (or Customer) is at the heart of their success.
Dr Marten’s D2C strategy drives 21% growth. Chief Executive Officer Kenny Wilson updates on healthy results
Petfood challenger Jollyes reports 30% growth. And they’re on track for 2023 to see sales hit £100m, workforce to reach 1,000 and their 100th new store.
Reiss on-line sales up over 22% in Christmas period. The UK fashion brand is the latest retailer to report strong Christmas trading figures
INTERNATIONAL ECOMMERCE NEWS – BOSS, Samsung…
Hugo Boss profits up 47% with digital sales almost doubling.
“2022 was truly a record year for HUGO BOSS. Thanks to an exceptionally strong final quarter, we even exceeded our own high expectations,” says Daniel Grieder, Chief Executive Officer
Samsung changes its global on-line sales leadership. The world’s largest memory chip and smartphone maker, recently named a new CEO to head its newly established Direct to Consumer (D2C) Center under the company’s Global Marketing division.