Is it just us, or did September fly by in a blink? It was a jam-packed month of meetings, events, and travel for us, yet somehow we’ve already landed in the final quarter of the year! As we gear up for what’s next, here are a few key market insights and updates to keep on your radar.
It was interesting to read the latest ManpowerGroup report which indicates a positive +28% Net Employment Outlook—up 8% this quarter. While optimism is rising thanks to easing inflation and lower interest rate expectations, businesses are still cautious. Temporary hiring is up, but permanent roles are growing more slowly as companies prioritise short-term flexibility.
Key updates:
- New vacancies fell short of expectations due to project delays and a focus on internal promotions.
- Hybrid work remains a hot topic, with Amazon announcing the return of a five day working week in the office. Over half of our conversations touch on hybrid challenges – more on that to come.
- AI and Machine Learning still dominate conversations with those in the sector, although the future is still uncertain. One thing we can be sure of is more developments in 2025.
It’s worth saying at this point that, although vacancies dipped in September, conversations are stronger than ever with business leaders and hiring managers. Events like The eCommerce Expo highlighted brands’ focus on modernising tech stacks for 2025, with social commerce expected to grow next year.
Market Spotlight + Top 5 eCommerce Stories This Month
- Boohoo Group PLC is reportedly considering a break-up of its core labels including PrettyLittleThing, Karen Millen and Debenhams, in an attempt to boost its share price following a c.90% decline since its pandemic high READ MORE
- Tesco is relaunching its online F&F Clothing range on its new marketplace after closing Tesco Direct back in 2018 READ MORE
- TikTok Shop launched its inaugural week-long Sales event ‘For You Days’ on 23 September. The event features discounts of up to 50% on trending products and live shopping sessions, allowing direct engagement with brands and creators READ MORE
- Moonpig teamed up with The Entertainer to offer 200 new toy products, including brands like Paw Patrol and Barbie, alongside personalised cards READ MORE
- Ocado Retail raised its full-year sales guidance after a strong quarter, with retail revenue rising 15.5% to £658m for the 13 weeks to September READ MORE
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