Singles Day has just started in China. It’s a day where single people celebrate, and was selected because of the number of ‘1s’ in the date – it’s 11/11. It’s also the largest online shopping day in China and the news this morning is that Alibaba racked up $1bn of sales in the first […]
I knew that Zulily, which Crunchbase describes as ‘A daily deal site for mums, babies and kids’. is an amazing ecommerce success story which IPO’d last year with a valuation in the billions. A friend of mine headed up their UK operations for a while, so I also knew that they were second to none in […]
Commerce is moving mobile and mobile is moving towards apps. M-commerce apps are, therefore, the way forward. We have investments in a couple (Top10 for hotels and Stylect for shoes) and I expect we will do more going forward. We are taking a serious look at another one right now.
However, maintaining user engagement […]
One of the reasons we like backing ecommerce companies is that here in the UK we spend more online that all other major countries bar Sweden and we punch above our weight when it comes to ecommerce leaders.
Here’s some of the supporting data:
Kieran O’Neill, founder of our portfolio company Thread likes to quote Paul Graham saying ‘if you make something easier for people to do, they will do more of it’. At Thread Kieran is making it easier to buy fashion and as a result the majority of his customers report that they spend more on clothes after […]
Business Insider has just published a great deck showing the potential in ecommerce. We’re focused on the ecommerce ecosystem, so I guess I would say this anyway, but the opportunity is truly exciting. TL;DR ecommerce is a juggernaut already, still growing fast and with miles to go. Billions of dollars of retail are coming […]
I’m loving CBInsights at the moment. They keep churning out great data. The latest is this chart showing growth in eCommerce investment:
This is a good growth story. Ordinarily I would say that the 2011 peak suggests otherwise, but 2011 was the year of the Groupon clone frenzy and we can safely regard it […]
Huge range and the convenience of shopping delivered to your door are the main axes on which ecommerce businesses have sought to compete with their offline counterparts. Waitrose is now fighting back by improving the convenience of their in-store experience.
They already have a system called Quick Check which allows shoppers to scan their food as they […]
I’ve just re-read Jeff Bezos 1997 letter to shareholders. It’s a great example of clear story telling and bold strategy, but most importantly Bezos’ judgement is amazing, and much of it stands the test of time. The title of this post is a bastardisation of this quote from the letter:
Today, online commerce saves customers […]
New forecasts out from Forrester predict that online retail sales in the US will be $294bn this year, rising to $414bn by 2018. The growth rate from 2013-2018 is forecast to be 9.5%. Better still, even after this growth online retail in the US will only be 11% of total retail sales, up from 9% […]