Ecommerce & Digital News Weekly - 14th November 2022

Filed in:
News

US Inflation came in lower than expected last week - will this feed into better news on interest rates?  Probably not immediately but at least the news in moving in the right direction.

There are big lay-offs in tech but much of this is just rowing back on an unjustified hiring spree last year.  Meta let go 11,000 but it had hired 15,000 extra in the last 12 months.

And the world of Crypto is having a major wobble.  Good if you enjoy the schadenfreude of watching smug crypto experts looking less smug.  Not so good if you were one of those speculators - sorry I mean investors?

Meanwhile, there is lots to suggest that outside Europe and locked down China there is a fair amount of growth out there.

Have a good week...

---

"Price is what you pay; Value is what you get."

(Warren Buffett)

---

UK ECOMMERCE NEWS - The Works, Google, Travcorp...

The Works sees ecomm sales stabilising
InternetRetailing

Travel is still booming as BGF backed Travcorp hits £100M t/o
InsiderMedia

Mixed news on the rebalancing of on and off-line retail
Drapers

Google announces Discovery Ads
WordStream

 

INTERNATIONAL ECOMMERCE NEWS - Tik Tok US, Double 11, The Bodyshop,...

TikTok dips its toe into in-app ecommerce in US
SearchEngineLand

Amazon's European competition
PYMNTS

Ecommerce platform sales continue to boom in China on 11:11/Singles day
yicaiglobal

Owner of Bodyshop sees double digit growth outside Europe
Cosmetics Business

Luxury sales grow for Richemont with 19% on-line growth 
Fashion United

---

Sign-up to our Ecommerce & Digital Newsletter

---

Keep up to date with all things ecommerce & digital

Top LinkedIn Learning Courses to Keep Your Skills Up To Date
Ecommerce & Digital Jobs
Ecommerce & Digital News
Recruitment Trends 2022
Tips & Advice