Good News from Ecommerce & Business - 12 October 2020

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News

Ecommerce & Business News

Good News Stories This week...

There is a current report that says retail is 4% up on LFL from last year (ie BC).  Our unproven theory is that customers have been unable to splash their cash on holidays and there is more disposable income around to go into retail.  

Now for some good news...

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Tesco profits surge as online orders double.
(BBC News)

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PepsiCo is increasing its focus on ecommerce as Covid-19 accelerates the growth of the number of people shopping online.
(Marketing Week)

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Hotel Chocolat launches monthly NPD subscription service.
(The Grocer)

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YouTube launches its “reimagined” premium advertising solution Select in the UK.
(New Digital Age)

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How investment in ecommerce and the supply chain left Decathlon UK well-placed for Covid-19.
(Internet Retailing)

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International online luxury sales jumped 170% over August and September.
(Charged Retail)

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Watches of Switzerland powers ahead, both UK and US are strong.
(UK Fashion Network)

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Superdrug sales and profits edge up, conditions remain challenging.
(UK Fashion Network)

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Very Group touts return to profit as revenue tops £2bn for first time.
(Retail Gazette)

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Levi’s Swings Back to Black in Q3.
(Sourcing Journal)

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UK ecommerce gets growth boost from Clearbanc’s £500m investment fund.
(Internet Retailing)

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Cross-border online luxury sales on the rise.
(Essential Retail)

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Lime revamps its app to include competitors, starting with Wheels ebikes.
(TechCrunch)

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Cazoo, which provides an app-based way to browse and buy used cars (it’s modeled on the likes of Vroom in the U.S.), has picked up £240 million ($311 million).
(TechCrunch)

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Retailers call for $6000 small business grant to set up online stores in wake of COVID-19.
(9 News - Australia)

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