11 Oct The Ecommerce News Roundup – 11 October 2021
Netflix’s series ‘Squid Game’ has become quite the behemoth in recent weeks.
Not only did it break the Korean internet, but searches on Google for converting the Korean winnings to USD hit a record high in the US; and I think we can all guess what the most Googled Halloween costume for 2021 is…
No one can miss the memes, advertising and products generated from the show and now Walmart has announced that it is launching a dedicated platform to sell Netflix merchandise. But why so much interest?
Essentially they’ve tapped into basic human psychology and how desperation (and money) makes people do crazy things. In fact, it’s strangely relatable!
But what stands out most is that time honoured life lessons are at the heart of survival, even within a dystopian universe.
- success often comes from thinking & doing things differently
- seeking advice & sharing knowledge builds trust
- great teamwork & collaboration are more powerful than brute strength
- play to your strengths and understand your limitations
So, in the spirit of sharing knowledge, here’s this week’s ecommerce & digital news to enjoy.
UK ECOMMERCE NEWS
Online purchases now account for up to 70% of John Lewis sales.
Sainsbury’s saw ecommerce sales skyrocket 120 per cent last year seeing the highest growth of any UK supermarket.
Tech-led estate agent Purplebricks launches high-speed TikTok house brochure service.
ScS sees 146% ecommerce growth as shoppers bought sofas online during lockdowns.
Hotel Chocolat hails evolution to ‘digital-led brand’ as profits soar.
Sosandar posts strong increase in first half sales.
Black Sheep profits pass £1million despite pandemic blow.
(The Northern Echo)
Genesis Homes named in top 20 UK’s most exciting startup businesses.
INTERNATIONAL ECOMMERCE NEWS
MediaMarkt about to launch marketplace.
Autodoc largest online automotive store in Europe 2020.
The Nigerian fintech boom, by the numbers
Twitter is selling MoPub to AppLovin for $1.05 billion.
Pinterest launches new ad features to drive shopping.
Snapchat rolls out new tool aimed at helping young users run for office.
Yahoo & Tubi team for new tools to streamline CTV ad buying.
Hugo Boss achieves the largest social media coverage in fashion week history.
IN THE MARKETS
Sequential Skin raises $1.65m in new funding round.
(UK Fashion Network)
3D platform Expivi raises millions of growth capital.
Senior care startup Honor secures $370M in dept and equity, reaches unicorn status.
Jeff Bezos makes first-ever investment in southeast asia’s e-commerce.
AI start-up Magic Leap raises $500m at a $2bn valuation.