The Ecommerce Weekly - 9 May 2022

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News

More networking this week;  this time with a random group of entrepreneurs.  

Shopify and its ecosystem seem to have become a constant in everyone's lives, but the most interesting new chat came from an expert in gaming compliance.  

Gambling companies have a legal duty to make sure they are not selling their nebulous benefits to people who can't afford to lose money.  His business had developed some very granular postcode analytics on affluence - something that he was now turning on its head to feed into marketing campaigns for on-line retail... which fed into the next hot topic - pricing.  How, when and to whom do you increase prices?  Can you use price increases to drive sales (..in three weeks time we will be increasing our prices...)?

On a different note, here are the top ecommerce & digital news stories from the past week.  Enjoy!

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"Life is like riding a bicycle. To keep your balance, you must keep moving."

(Albert Einstein)

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UK ECOMMERCE NEWS - eBay, Made.com, Next...

Made.com acquires Trouva to expand reach and choice.
(Charged Retail)

Fruugo revenues climb 57% as it accelerates business.
(Charged Retail)

New clothing rental platform Cloan launches.
(Fashion United)

Quin AI predicts ecommerce behaviour in real-time.
(Business Cloud)

Snug enhances brand awareness with live shopping events.
(Charged Retail)

Zoomo launches in Edinburgh in partnership with Deliveroo.
(Charged Retail)

Revolution Beauty has seen digital sales going “through the roof”.
(Charged Retail)

Tesco teams up with Uber to deliver groceries.
(BBC)

Next digital channels exceed expectations.
(Charged Retail)

 

INTERNATIONAL ECOMMERCE NEWS - IKEA, Victoria's Secret, Shopify...

IKEA to spend 3 billion euros on stores as it adapts to ecommerce.
(Reuters)

Victoria’s Secret launches storefront on Amazon.
(Charged Retail)

Canada's Shopify to acquire ecommerce fulfilment firm Deliverr for $2.1 bn.
(Fibre2Fashion)

Peloton reportedly looks to sell up to a 20% stake.
(TechCrunch)

Starbucks plans to enter the web3 space with the launch of NFTs.
(Marketing Dive)

Moda Operandi entering the beauty arena.
(WWD)

Moncler is confident it can meet analyst expectations.
(Reuters)

 

DIGITAL NEWS - TikTok, Snap, Epic Games 

TikTok expands test of new 'friends' tab, replacing 'discover'.
(Social Media Today)

WPP partners with Epic Games to boost metaverse offering.
(Marketing Dive)

Meta announces new business messaging tools.
(Social Media Today)

Twitter Circle is in testing for the tweets you’d rather keep 'select'.
(The Verge)

Snap reveals partnership with Cameo.
(AdWeek)

Pinterest launches 'TV studio' app as it looks to expand live commerce.
(Social Media Today)

 

IN THE MARKETS - Arbolus, Open Bank, Sojo...

Business intelligence and analytics firm Pyramid Analytics raises $120M.
(TechCrunch)

Lithuanian fintech startup kevin banks over €61 million.
(EU Startups)

Physitrack acquires digital workplace health platform Champion Health.
(UK Tech News)

Wayflyer completes first major acquisition, Peblo.
(Irish Examiner)

Remote is simplifying global hiring and just raised its Series C.
(EU Startups)

Collective IQ Group (t/a Arbolus) secures £12 million Series A.
(UK Tech News)

byrd raises €53 million to strengthen its position in ecommerce.
(EU Startups)

ByteDance revives speculation of Hong Kong IPO.
(SCMP)

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