Finally, it looks as though Summer has arrived. It’s taken until the last week of July but it’s here! And, the positivity continues as Simply Commerce had its best month YTD for new placements.
Following recent surveys and reports from Lloyds Banking Group and Deloitte, it’s clear that both business and consumer confidence are high. We anticipate this optimism will result in new work streams and growth opportunities and, whilst these work streams are likely to remain concentrated in smaller areas where ROI can be quickly tracked, their emergence is nonetheless a positive development. This is especially encouraging for the retail sector, which has been cautious since the start of 2023.
Incoming vacancies across June and July were lower than we would have liked. However, the general sentiment in the market is that more vacancies are available, with companies choosing to exhaust their direct search options before seeking specialist assistance. Notably, there has been a significant uptick in strategic leadership vacancies compared to the previous 12 months, which is a promising sign for the future.
Internally, I’m pleased to confirm the whitepaper we have been working on for the past couple of months, focused on challenges and opportunities within digital commerce, is almost ready for release – you can expect a copy of it in the next week or so. A lot of work has gone into this behind the scenes with multiple surveys taking place at events such as IRX and Retail Tech Show earlier this year, as well as quantitive research we undertook with our network back in Spring.
Market Spotlight + Top 5 eCommerce Stories This Month
- boohoo has launched an online marketplace as it looks to become a ‘one-stop destination for all fashion, beauty, and lifestyle needs’. Customers will be able to shop from 150 brands including Revolution Beauty, L’Oréal Paris, Ray-Ban, Marc Jacobs, and Michael Kors READ MORE
- IKEA has opened its one-hundredth mobile pick-up point at Tesco, with the Swedish furniture retailer announcing plans to double this number. Almost 40% of Ikea’s UK sales now come from the online channel READ MORE
- No country in the world has as many internet users shopping online as The Netherlands, according to a new report by the United Nations Conference on Trade and Development (UNCTAD). The eCommerce penetration rate is 84% and the market worth nearly €35 billion in 2023 READ MORE
- Waitrose & Partners has grown its market share for the first time in two years as investments into its food range pay off. Kantar’s supermarket share and inflation update showed that spending at the upmarket grocer edged up 3.3%, helping to lift its market share by 0.1 percentage points to 4.5% READ MORE
- Amazon Prime Day UK consumer spending across two days saw ‘record highs’ totalling £1.3bn, according to the latest data from Adobe Analytics READ MORE
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