November - You're a Wrap!
Hard to believe it’s been a whole month since this was written. While a day is still constituted in 24-hour increments, even more seems to be happening at Ve in less and less time and as a result, it feels like time is speeding up around here. Can it really be month end already?!
This month’s wrap up has its editorial challenges. How to keep chorusing good news and developments without projecting corporate self interest like an upbeat Zumba session and sounding like a narcissist?
Well the fact is that November brought Ve two new records, so here goes:
Firstly, the number of new clients to have joined our portfolio beat out last month’s record that was already in the triple figures. Secondly we had a record day for the number of remarketing emails that we have ever sent out to customers who had abandoned shopping carts. This was on Cyber Monday, the Monday after Thanksgiving, which in itself was reportedly the biggest online shopping day ever. Hopefully it will go some way to bolstering a November that started weakly in retail for the USA in the aftermath of Hurricane Sandy, though The Standard & Poor's 500 retail index was down 0.4 percent on Thursday.
But whilst sales for the November-December holiday season look set to rise 4.1 percent to $586.1 billion this year in the US after a 5.6 percent increase in 2011, according to a National Retail Federation forecast, another uncertainty facing the US economy and the Fed is if the country goes off the $600-billion "fiscal cliff" of automatic tax rises and spending cuts that are set to start in the new year.
Back on this side of the pond, a Reuters survey says that British consumer confidence unexpectedly picked up to an 18-month high in November, offering Chancellor George Osborne some relief before he sets out his plans to revive the stagnant economy when he updates parliament on his budget plans on December 5th.
Here at Ve UK, the VeLabs team has spent the month putting the final touches on an exciting new technology offering that we will be revealing soon as an expansion to our current online efficiency software roster. While this work has been going on, the UK management team has had packed-out schedules; making strategic plans, traveling, attending meetings and putting in hours of preparation work on two very exciting international developments for the New Year. On top of this, Ve North America & Ve Brasil meanwhile are both on the cusp of moving to larger office space in the next couple of weeks, both doubling the size of their existing offices to accommodate their own expansion. Congratulations guys!
Some tough Ve people ran a 12-mile assault course called the Tough Mudder (go figure!) on the 17th November and in doing so raised funds for Ve’s charity partner Concern Universal. The heads of the international development organisation came to our Tech City offices for a day’s brainstorming together, the result of which is an exiting collaborative project kicking off in 2013. Concern Universal was also a winner in the Green Tree Game ON competition this month and received a prize £150,000 of fantastic software. Thank you to all those who voted for them.
“Our technology functionality and portfolio is expanding thanks to our brilliant in-house development team’s work, so it’s a relief that November has been such a big hiring month too around the world, meaning lots of brilliant new talent to help share the load!” David J Brown, Co Founder & CEO, Ve Interactive UK
And did we mention November marks Ve's third year anniversary? A nice way to round of a very productive month and one that will now be toasted with customary Friday night beers in the VeIP lounge.