The Order : Weekly Aggregator Roundup - Thrasio

Chart of the Week: Q1 report on eCommerce funding

CB Insights released its 190-page State of Retail Tech Q1-2022 report covering funding trends in the retail space. While eCommerce funding is down from a record year 2021 (-15% from Q4'21, deals -12%), Q1 funding and deal volume still outperforms that of 2020 and prior years.

eCommerce Funding [CB Insights]

New funding this week: $-M

Funding Craze 💰

n/a

Movers & Shakers

• Thrasio - part 1: Greg Greeley announced as new CEO [PR Newswire]

• Thrasio - part 2: A wave of layoffs [Business Insider]

Strategy 📈

• "Aggregator Distress, Layoffs, Acquisition Halt – Is This The Real Story?" [The Fortia Group]

• TL,DR: No. "Amazon Briefing: Has the aggregator bubble finally burst?" [Modern Retail]

• "Amazon rout deepens gloom for battered e-commerce companies" [The Seattle Times]

• "Shopify acquires shipping logistics startup Deliverr for $2.1B" [Techcrunch]

• Q1 sales increased by 22%: "Shopify shares fall as earnings underwhelm" [Financial Times]

• "Facebook’s E-Commerce Bet Stumbles as Meta Looks to Revamp Its Ads Business" [Wall Street Journal]

• eCommerce's game remains strong despite decline in April 2022 vs April 2021 - In-store sales were up +10.0%, while e-commerce sales are down -1.8% compared to last year.[...] However, online sales remain elevated (+92.0%) vs pre-pandemic April 2019: Mastercard SpendingPulse: April U.S. Retail Sales Remain Steady, Up +7.2%* Year-Over-Year [Business Wire]

Events 🎤

• KPMG Retail VAT and Customs Masterclass 2022, May 12 online

Let's make this week count,

Christian