24 Jan The Ecommerce News Roundup – 24 January 2022
The world is starting to feel less wintry and the days no longer feel impossibly long and devoid of sunlight.
It may still be horribly chilly, but the lighter mornings and longer evenings mean spring really is starting to feel closer than ever – and we are looking forward to turning Netflix off and getting back outside for a natural dose of vitamin D.
It’s even been suggested that reading our ecommerce & digital newsletter is the best thing you can do to cure the winter blues and to put a spring in your step!
So here it is, just for you.
Enjoy!
In 2020, retail e-commerce sales worldwide amounted to 4.28 trillion US dollars and e-retail revenues are projected to grow to 5.4 trillion US dollars in 2022 and $6.34 trillion US dollars by 2024. Online shopping is one of the most popular online activities worldwide. (Statista)
UK ECOMMERCE & BUSINESS NEWS
Flying Tiger Copenhagen to roll out scan, pay and go to UK stores.
(Retail Gazette)
British fintech Revolut launches in-app US stocks trading in a bid to compete with online brokerages.
(City A.M.)
Bensons returns to profitability as transformation programme which included a new ecommerce platform, gathers pace .
(The Retail Bulletin)
Flipdish co-founder Conor McCarthy lifts the lid on Irish company’s recipe for becoming a $1bn tech unicorn.
(Independent.ie)
M&S has said it is “excited” about the store navigation possibilities offered its AR Shopping app to enable customers to shop digitally.
(Charged Retail)
Gear4music posts strong UK sales growth.
(The Retail Bulletin)
INTERNATIONAL ECOMMERCE & BUSINESS NEWS
Yoox launches marketplace.
(Ecommerce News)
Mac Cosmetics partners with Perfect Corp and SoPost, an online product sampling platform.
(Charged Retail)
Albert Heijn online channel is 10% of revenue.
(Ecommerce News)
Prada revenues surge past pre-pandemic levels.
(Business of Fashion)
Walmart signals metaverse plans with trademark applications around virtual goods, NFTs.
(Marketing Dive)
Google announces £762m investment to buy UK office site.
(365Retail)
Billionaire Mark Cuban opens online pharmacy to provide affordable generic drugs.
(Forbes)
Marriott seeks TikTok creators to drive digital content around loyalty program.
(Marketing Dive)
DIGITAL NEWS
Meta is developing an ‘Ethical Framework’ for the use of virtual influencers.
(Social Media Today)
Adidas and Prada team up for open-metaverse NFT collaboration.
(Fashion Network)
Instagram expands video remix option to all videos.
(Dive Wire)
Twitter launches new NFT profile image display option to Twitter Blue subscribers.
(Social Media Today)
IN THE MARKETS
Big Health Raises $75M in Series C Funding.
(FINSMES)
Digital contracting ‘unicorn’ Ironclad raises $150 mln.
(Reuters)
Ola Electric valued at $5 billion in new funding
(TechCrunch)
Royal Match maker Dream Games levels up with $225 million raise, now valued at $2.75 billion.
(Tech EU)
Mantra Health raises $22M to scale its digital mental health clinic for young adults.
(Tech Crunch)
TikTok looks to expand content horizons with new, integrated ‘stories’ test.
(Social Media Today)
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