Ecommerce News Roundup | 10 May 2023
Lots of good news this week as Q1 reports come in and the general macro-economic picture starts to look rosier. This morning there is news in that Sainsbury's has started to cut prices for own-brand bread and butter so maybe inflation is beginning to ease off. The service sector Purchasing Manager's Index (PMI) is at 55 indicating the highest level of confidence in this crucial part of the UK economy.
Abroad, the US has lowest unemployment since 1969 and similar news comes from the EU.
Jargon buster of the week
Modularity - a system where you can remove and re-engineer a part without affecting the whole (or the rest of the world catches up with the idea agile methodology)
Only one more bank holiday to go...!
Best wishes,
James & Patrick
“You’re a fighter or a runner and runners always run out of road.”
UK ECOMMERCE & BUSINESS NEWS
Moss Bros hails multi-channel as crucial factor as EBITDA moves from £5.2M to £17M in 2 years
Next - sales drop not as bad a forecast
UK Services PMI up in strong growth territory at 55
INTERNATIONAL ECOMMERCE & BUSINESS NEWS
D2C native Warby Parker reports strong Q1 growth
L'Occitane - 18% growth in Q1
Hugo Boss - 22% growth after deployment of hugoboss.com
Shopify GMV grows 25%
Crocs Q1 revenue up 33.9% - personalisation is key