Latest online retail news – Page 40
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NewsAO hails ‘solid’ progress despite widening losses
AO has hailed “solid progress” in its plan to focus on profitability over growth, despite suffering widening half-year losses.
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NewsSuperdrug goes live with online marketplace as it steps up digital transformation
Superdrug has launched its online marketplace as part of a drive to “dramatically increase” its health and beauty range.
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NewsRetail sales continue downward spiral in October
Retail sales remained sluggish through October as the cost-of-living crisis continued to impact consumer confidence.
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NewsGovernment announces transitional relief scheme for business rates
The government has unveiled a transitional business rates relief scheme, a freeze on multipliers and increased support packages, but the next revaluation of rates will go ahead in April 2023.
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NewsMade.com stock to be auctioned off in bid to recover cash for creditors
Made.com’s administrators have appointed auctioneers to help sell off its remaining stock.
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NewsWilko sells £48m distribution centre as it battles to shore up balance sheet
Wilko has completed the sale and leaseback of one of its distribution centres as it struggles to shore up its balance sheet after a bruising trading period.
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NewsPrimark goes live with click-and-collect trial
Primark has launched its highly anticipated click-and-collect trial this morning.
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NewsMade.com staff take legal action after being made redundant on Zoom
Made.com employees who found out they were losing their jobs on a Zoom call are to take legal action over the way the redundancies were managed.
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NewsAmazon launches cost-cutting review of unprofitable business units
Amazon is carrying out a broad cost-cutting review that will pare back parts of the business that have not been profitable.
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NewsThe Works sales edge up despite cyber attack aftermath
Sales at The Works edged up despite an “increasingly challenging consumer environment” and the aftermath of a cybersecurity attack that forced it to close five stores earlier this year.
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NewsMarks Electrical boss: We're winning spend while John Lewis 'neglect their customers'
Marks Electrical boss Mark Smithson has insisted the retailer is winning market share from competitors such as John Lewis that “neglect their customers”.
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NewsExclusive: Shein web traffic jumps despite poor working conditions documentary
Shein has enjoyed surging site traffic despite recently being embroiled in a scandal over illegal working conditions.
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NewsFrasers Group's Flannels launches upscale womenswear rental range
Flannels, the retailer owned by Frasers Group, has launched a luxury womenswear rental offer.
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NewsOcado strikes tech deal with South Korean retail giant Lotte
Ocado Solutions, the online group’s technology division, has struck a deal with South Korean business Lotte, which will deploy its Smart Platform.
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NewsBensons for Beds paid just £600,000 to rescue Eve from collapse
Bensons for Beds acquired direct-to-consumer mattress retailer Eve Sleep’s brand and intellectual property for £600,000, according to the administrator’s report.
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NewsAmazon shares tumble as it warns golden-quarter profit could be wiped out
Amazon has warned that its profits could be all but wiped out during the crucial golden quarter in a bleak prediction that stunned Wall Street.
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NewsMarks & Spencer rolls out Sparks loyalty scheme internationally
Marks & Spencer is launching its Sparks loyalty programme into big overseas markets including India and the US.
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NewsVirgin Wines expects sales and margin impact from tough trading conditions
Online specialist Virgin WInes anticipates flat sales and lower margins in its current financial year as tough trading conditions take a toll.
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NewsTHG sales rise driven by growth in beauty and nutrition
THG revenues have risen year on year driven by strong performances in the beauty and nutrition categories, while its full-year profit guidance remains unchanged.
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NewsDeliveroo reduces sales expectations amid ‘ongoing economic uncertainty’
Deliveroo has cautioned that full-year sales growth will come in at the lower end of expectations as it grapples with “ongoing economic uncertainty”.