25 May The Ecommerce News Roundup – 23 May 2022
There’s lots of interesting ecommerce news out there at the moment and it is difficult to work out whether to be a pessimist or an optimist.
Klarna is laying off 10% of its workforce following some rather straight-line thinking and mistakenly viewing its Covid growth as the new normal, whilst Kingfisher has seen a decline in sales of 5.4%, yet they are still 16% above 2019 levels.
And although macro-economic factors aren’t looking very pretty it is worth noting that last quarter’s dividend growth within the top 1200 global companies rose by nearly 11%!
Closer to home, 20% of workers are apparently looking to switch job this year with the overwhelming motivation being a pay increase.
… and those most likely to ask for a pay rise?
… those in the ‘tech sector’.
Food for thought!
Do not be embarrassed by your failures, learn from them and start again.
(Sir Richard Branson)
UK ECOMMERCE NEWS – Clarks, Poundland, French Connection…
Clarks enters metaverse via Roblox.
(Retail Gazette)
eBay UK becomes Love Island’s 1st pre-loved fashion partner.
(eSeller 365)
Co-op becomes first UK supermarket to launch ‘walking deliveries’.
(Metro)
Poundland has opted to use Poundshop.com for online platform expansion.
(Retail Gazette)
French Connection offers UK rental for its latest season collection.
(365 Retail)
Amazon bets on UK as Netflix slows down.
(City AM)
M&S calls on Chancellor Rishi Sunak to reject online sales tax.
(Charged Retail)
Profits surge at Simply Be and Jacamo owner N Brown.
(Retail Gazette)
INTERNATIONAL ECOMMERCE NEWS – Mastercard, Watches of Switzerland…
Gap sets up shop in Roblox to boost teen inclusion.
(Marketing Dive)
Mastercard to launch biometric checkout tool for retailers.
(Retail Dive)
Hepsiburada named as Turkey’s most recommended eommerce brand.
(PR Newswire)
Watches of Switzerland sales surge by 40%.
(Retail Gazette)
Kaddra expands in the UK & France to provide retargeting abilities.
(PR Newswire)
Vestiaire Collective opens new Paris headquarters.
(Fashion United)
DIGITAL NEWS – YouTube, Gap, Dominoes…
YouTube announces weekly ad frequency capping.
(Social Media Today)
Gap sets up shop in Roblox to boost teen inclusion.
(Marketing Dive)
Instagram’s testing a new stories UI.
(Social Media Today)
Domino’s grants ‘Stranger Things’ fans ‘mind-ordering’ powers through app.
(Marketing Dive)
Twitter launches new campaign for Spaces and Live Audio Chats.
(Social Media Today)
Budweiser provides Twitch streamers with free tunes.
(Marketing Dive)
TikTok launches new ‘Branded Mission’ creator monetization.
(Social Media Today)
Noodles & Co. gamifies mobile rewards to boost loyalty.
(Marketing Dive)
IN THE MARKETS – Treyd, Tranch, BuyMe…
BNPL B2B firm Treyd nets $10.5M to launch in UK.
(PYMNTS)
UK-based Tranch has just picked up about €4 million to launch out of stealth.
(EU Start-Ups)
Glean Garners $100M Series C.
(Crunchbase)
Rami Cassis acquires luxury fashion retailer Hervia.
(365 Retail)
buymie raises €7m and signs deal with Asda to bring the service to the UK.
(Internet Retailing)
THG shares surge as bidding war loom.
(Charged Retail)
Moonpig to acquire gifting business Buyagift for £124m.
(Retail Gazette)
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