This content was created by Vinny O Brien. This content was uploaded by Vinny O Brien. This is a YouTube video titled "The V Spot Retail and eCommerce Weekly News Friday Week 16" (created 2023-07-14). It is a short-form retail/e-commerce news monologue by a single host covering recent stories and commentary: Klarna marketing and discounts, Boots and Walgreens store closures, Milk Bank revenue and profit, continued use of physical cards via Moonpig, a rumored TikTok e-commerce US launch, and Prime Day as a membership battle between Walmart and Amazon.
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Here it is, the news slightly transformed. Friday News is a break from the norm, just a little something to break LinkedIn monotony of all the hardcore hype has gotten to be a little bit out of control, so I'll take a chance So here's the news that suits our agenda. Deals of up to 70% off are going to keep us all enticed while we buy things we don't need with money that we don't have. There you have it, Klarna. There is your rep for next year, Tyler Durden. Delivering your marketing message. Move over, Snoop Dogg, you've been ousted. Story 2: Boots this week caused quite a stir, shutting down 300 stores right across the UK in an unexpected move. Walgreens, the parent company, also shut down 150 stores in the US, both reasons citing proximity of store and closeness as being the main driver behind this strategic decision. So whilst Nike are increasing their footprint, Walgreens are reducing theirs. And in our good news story for the month, Milk Bank posted a 5.2% increase in revenue over the last 12 months, bringing them to revenues in excess of $320 million. Not a bad little earner. Uh, $48 million of that was accounted for in terms of profit. Who's still buying cards? Who's still selling them? I hear you add, but Moonpig have let us know that there's actually 54 million customers who are still sending physical cards all around the world. Those lunatics. TikTok boom. Rumor has it that TikTok are going to launch their e-commerce store in the US as early as next month. And did you know that this year's Prime Day is a battle for something different to just revenue? So a friend of mine from South Africa who shall remain nameless, but we're going to call him out in the comments, let me know into a little— let me into a little secret about what this whole Prime Day season is all about. Walmart are going toe-to-toe with Amazon in the US, and what this is really all about is membership. So that's where the real profitability is going to. And Amazon have also allowed Buy with Prime members to use the functionality as well to access the deals. This is about gathering customers, retaining them, and showing them the value of what membership is really about. And that's where Walmart and Amazon are going toe to toe this Prime Day. You heard it here first, but I heard it from someone else. So where do we— And to wrap up, we got a couple of short stories. And wrapping up today, we got a couple of short stories to bring you. Moonpig This Week recorded. And in our good news story of the week, Moonpig, the card publisher, Big news out of Nike this week.
