24 May The Ecommerce News Roundup – 24 May 2021
It has been reported this week that the UK is challenging Silicon Valley with our “new generation of tech unicorns“.
Apparently the UK currently has 91 of these rare beasts, but with an estimated 132 ‘future corns’ in the mix we could be home to 223 over the coming decade.
“These latest figures show the U.K.’s tech scene is booming and I’m delighted to see so many of our stellar scale ups racing to becoming the next $1 billion businesses…”
Oliver Dowden, UK Digital Secretary
We’re not sure how to compete with that, but if you fancy reading some more good news on the subject of ecommerce, see below.
UK ECOMMERCE & BUSINESS NEWS
London is now home to 60 unicorns
M&S sees online fashion growth blitz rivals as modernisation pays off.
Drivers can soon sell their cars directly to online retailer Carzam.
Zilch takes Ffight on the back of online shopping’s lockdown boost.
B&Q owner Kingfisher nails sturdy sales of £3.4bn
Simba sales skyrocket 295% as Brits invest in sleep during lockdown.
Cox & Cox has recorded a net revenue increase of 167% in its first quarter.
Royal Mail sees 300% profit jump thanks to online sales boom.
Dunelm to smash profit forecasts following strong reopening.
Topps Tiles back in profit despite a dip in sales.
EKM earns high accolades in Best Companies survey.
INTERNATIONAL ECOMMERCE & BUSINESS NEWS
Foot Locker posts strong sales growth, announces closure of Footaction stores.
Snapchat ramps up ecommerce offering with raft of new AR shopping features.
US market drives Watches of Switzerland’s annual sales growth.
German luxury e-tailer Mytheresa ups full-year outlook following strong Q3 sales.
SIGNA Sports United bets that real sports fans won’t shop at Amazon.