05 Jan Ecommerce News Roundup | 2 January 2023
Almost all the economic base costs seem to be heading in the right direction at the moment and certainly we have been pleasantly surprised by the amount of work we have on at the moment; even this early into the New Year.
Oil and gas prices continue to plummet, the former already producing a marked effect on forecourt fuel costs. China has finally abandoned its zero covid policy and is making a number of moves to stimulate its economy. There seems to be strong evidence that inflation has peaked.
So…Happy New Year and let’s all hope that it is less fraught than 2022!
James & Patrick
When you come to a fork in the road, take it.
UK ECOMMERCE NEWS – Paul Smith, Ikea, B&M, …
Paul Smith’s results for the year to the end of June, show a “pleasing” recovery. The company also showed a steady progression in both store and e-commerce sales with the latter now a significant channel for the business (up 47% on AW 19).
Baby and toddler retail specialist, Mamas and Papas has over 40% growth with mix of ecomm and retail. They have reported a strong performance for the Christmas shopping season, including record trading on Black Friday.
Shopify looks to hook bigger clients, channeling its next stage of growth by targeting bigger fish.
IKEA sees on-line sales increase 36% over pre-pandemic levels H1/22 as customers looked to invest more in their homes, both in store and online, post-pandemic
B&M shows impressive growth
INTERNATIONAL ECOMMERCE NEWS – CES2023, Shopify,…