05 Jul The Ecommerce News Roundup – 5 July 2021
This week England not only secured their place in the the semi-finals of the Euro’s for the first time since 1996 but also their place in the finals for the first time since 1966! Maybe it really is time for us to sing ‘it’s coming home’…?
Mark Cavendish made an astonishing comeback in the Tour de France earlier in the week silencing any doubters he may have had and it looks like we have a future women’s tennis star in Emma Raducanu.
If that’s not enough, you’ll be able to get your dancing shoes back on as BoJo announced last night that all coronavirus restrictions are expected to be lifted in England on July 19.
Aside from that, ecommerce is still reigning supreme so here’s your weekly update – as always.
UK ECOMMERCE NEWS
Tesco introduces autonomous store system to compete with Amazon Fresh.
Ralph Lauren has transformed its digital customer experience.
AO.com back in the black as Covid drives soaring sales and profits.
Studio profits rise 513% in “transformational year”.
Brave Kid launches own e-commerce platform and extends brand portfolio.
Decathlon UK shifts to online marketplace model.
Dixons Carphone sees annual sales hit £10.3 billion, as online shopping boom boosts business.
Rapyd, a London-based ‘fintech-as-a-service’ platform, has entered into a definitive agreement with Arion Banki (Arion Bank) to acquire e-commerce payment solutions company, Valitor, for $100M (approx €84.5M).
Gap to close its UK stores and sell online-only as part of digital-first strategic shift.
INTERNATIONAL ECOMMERCE NEWS
Drone delivery company Zipline doubles in valuation to $2.75bn.
Paul Smith opens Tmall store as it targets mainland China.
Zoom to acquire German startup to bring real-time translation to meetingsShopify lowers app developers fees on first $1m in revenue.
Etsy has completed purchase of Brazilian online marketplace, Elo7 in a $217 million deal in its first move into Latin America.
TECHNICAL ECOMMERCE NEWS
Shopify announced significant changes to its ecommerce platform aimed at performance, ease of use, and empowering developers.
Secret Sales secures €10m funding in bid to become largest non-full price marketplace for fashion and beauty worldwide.
Shopify opens up more third-party payment methods.
Shopify lowers app developers fees on first $1m in revenue.
BigBuy expands catalogue with supermarket products.