UK & International Ecommerce News Roundup - 7 June 2021

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Etsy has snapped up Depop, the British secondhand clothing resale app, for £1.1bn in a bid to tap into their prominent Gen-Z fashion community.  That's an impressive uplift from what essentially started out as a side-hustle!
 

It's been announced this week that we're in for an extra bank holiday in 2022 as part of The Queen's Platinum Jubilee celebrations .... and the Euro's start soon!

If that wasn't enough, here's some of the latest ecommerce stories to hit in the past week.

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UK ECOMMERCE NEWS

The UK government says a new trade deal with Norway, Iceland and Liechtenstein will have benefits for digital trade.
(Internet Retailing)

Hotter Shoes accelerates digital transformation with AR integration.
(Retail Gazette)

B&M profits more than double as sales climb in ‘exceptional’ year.
(Retail Week)

Harness, a US tech unicorn to open two UK bases.
(Business Cloud)

Online delivery giant Hermes to create 10,500 jobs in the UK
(Ecommerce Next)

How heritage kitchen brand Swan grew sales 60% on marketplaces.
(Tamebay)

Swiftcomplete partners with what3words
(365 Retail)

Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years.
(City A.M)

Fast-growing UK e-commerce company expands warehouse operations.
(Logistics Manager)

 

INTERNATIONAL ECOMMERCE NEWS

H&M’s online second-hand fashion store expands across Europe.
(Retail Week)

Lands' End Q1 revenues increase by 48.1% as US ecommerce increases 46.6% and international ecommerce grew 37%.
(Fashion United)

Lululemon Athletica Inc. reported 88% revenue increase for the first quarter driven by continued e-commerce growth and the return of store traffic.
(Fashion Network)

Flink, the German grocery delivery startup, raises $240M after launching just 6 months ago.
(Tech Crunch)