The Ecommerce Weekly - 29 November 2021

Filed in:
News

As Twitter's co-founder Jack Dorsey steps down as chief executive, we ask ourselves, what's next for the social media titan and what will keep Mr Dorsey busy now? 

Is it time for him to focus on Square... and if so how? 

Will he concentrate on the growth of its financial unit looking at Bitcoin/BNPL trends - thus strengthening the ties between social media & ecommerce?

Or is he, as some people have questioned, building a super-app?

It'll be interesting to see where this nets out and how his replacement, Parag Agrawal, gets on with what could be a Twitter renaissance.

As always, here's this week's ecommerce, digital & tech newsletter to enjoy.

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UK ECOMMERCE NEWS - Fred Perry, Sainsbury's, Motorway, Revolution Beauty and Agora

Fred Perry weathers the pandemic storm despite profits drop.
(Fashion Network)

Sainsbury’s opens first checkout-free store powered by Amazon tech.
(Charged Retail)

Motorway snags unicorn status as it lines c-suite with Amazon and John Lewis leads.
(City AM)

Revolution Beauty sales soar in ‘momentous’ year for cosmetics brand.
(Cosmetics Business)

Agora beauty app launches in the UK.
(UK Fashion Network)

 

INTERNATIONAL ECOMMERCE NEWS - Shopify, Camlist, AirAsia, Abercrombie & Fitch and Urban Outfitters

Shopify breaks records with $2.9bn in Black Friday sales.
(Charged Retail)

Pet video marketplace Camlist eyes UK growth
(TechCrunch)

AirAsia rides on e-commerce boom to launch parcel delivery service.
(The Edge Markets)

Abercrombie & Fitch revenue growth driven by domestic sales.
(Fashion Network)

Urban Outfitters sales growth driven by digital.
(Fashion Network)

 

DIGITAL NEWS - Lowe's, Spotify, TikTok's CommunityTok, Instagram and O2

Lowe's unveils a new AR measurement tool for sizing up rooms.
(Digital 360)

Spotify tests a TikTok-like vertical video feed in its app – TechCrunch
(TechCrunch)

TikTok launches new 'CommunityTok'.
(Social Media Today)

Instagram launches live test of longer videos in stories.
(Social Media Today)

O2 launches “store of the future” on Snapchat.
(Charged Retail)

 

IN THE MARKETS - Crowdcube, Grammarly, Slice, Spinny, Dream11, TBAuctions and Deloitte

Crowdcube eyes Europe after raising £10 million.
(Evening Standard)

Grammarly Reaches $13B Valuation With New Funding Round.
(AIThority)

Indian Fintech Slice Raises $220 Million, Hits 'Unicorn' Status.
(USNews)

India’s Spinny valued at over $1.75 billion in $280 million funding
(TechCrunch)

Dream11’s parent firm scores $840m fundraise.
(TechInAsia)

TBAuctions acquired by Castik Capital.
(Ecommerce News)

Deloitte acquires Madras Global
(Marketing Dive)