Latest online retail news – Page 48
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NewsBoohoo issues profit warning due to higher return rates
Fast fashion giant Boohoo has blamed “significantly higher return rates” and continued extended delivery times as it issued an unexpected profit warning.
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NewsIn The Style earnings fall amid ‘higher than anticipated’ return rates
In The Style has suffered a fall in half-year profits after being hit by supply chain challenges and “higher than anticipated” return rates.
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NewsOcado predicts ‘best ever Christmas’ as it wins patent trial
Ocado has reported “strong momentum” in the lead-up to the festive period.
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NewsHolland & Barrett snaps up at-home beauty business Blow
Health and wellness retailer Holland & Barrett has snapped up at-home beauty services business Blow Ltd for an undisclosed sum.
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NewsTesco reopens talks with union in bid to end planned Christmas strike action
Tesco has agreed to reopen talks with Usdaw after members across its distribution centres voted overwhelmingly to go on strike from December 20.
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NewsExclusive: TikTok UK launches new ‘On Trend’ two-day shopping event
TikTok has unveiled a two-day shopping event called ‘On Trend’ which will allow users to purchase directly from brands on the platform during a series of live streaming sessions.
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NewsLeading retailers reveal mega-sale-day strategy
Retailers are now offering a more varied approach to mega-sale-day [MSD] events such as Black Friday, with heavy discounting not the only means of drawing in customers, Retail Week’s latest virtual panel discussion will reveal on Wednesday.
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NewsAsda sales slip as grocer charters cargo ship to ensure Christmas availability
Asda’s like-for-like sales in the third quarter slipped as the grocer outlined the measures it was taking to ensure good availability for customers heading into Christmas.
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NewsRapid grocery delivery firm Getir snaps up UK rival Weezy
Turkish fast grocery delivery company Getir has signed a deal to purchase UK rival Weezy in a move that ’further solidifies Getir’s long-term commitment to the UK market.’
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NewsMarks & Spencer buys stake in Nobody’s Child in brand push
Marks & Spencer has acquired a 25% shareholding in Nobody’s Child as it builds a platform of brands to complement its core offer.
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NewsAmazon to stop accepting Visa credit cards in UK
From next year, Amazon will no longer accept Visa credit card payments on its UK site.
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NewsMarks & Spencer launches clothing rental service
Marks & Spencer has become the latest fashion giant to offer clothing for rent as well as sale as retailers increasingly embrace new sustainable business models.
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NewsAmazon eyes hundreds of UK c-stores to rival Tesco, Sainsbury’s and Co-op
Amazon has thrown down the gauntlet to Tesco, Sainsbury’s and the Co-op with aggressive plans to launch 260 convenience stores across the UK.
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NewsMarks & Spencer teams up with toys legend FAO Schwarz with online and in-store range
Marks & Spencer is to open FAO Schwarz areas in-store and sell a range online in time for Christmas in its latest partnership with an external brand.
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NewsShein suppliers accused of labour law breach
Staff at some suppliers of fast-growing Chinese fashion pureplay Shein are working excessive hours, it has been alleged.
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NewsIn The Style names Very Group executive Perkins as new boss
In The Style has appointed Very Group executive Sam Perkins as its new boss, with founder Adam Frisby stepping into a new board-level role.
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NewsUS rapid-delivery giant Gopuff launches in ten UK cities
US rapid delivery giant Gopuff has launched across ten UK cities on the same day Superdrug rolled out a two-hour home-delivery service.
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NewsAngling Direct websites closed amid cyber security ‘incident’
Specialist retailer Angling Direct’s websites have been hit by a “cyber security incident”.
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NewsSainsbury’s delays toy promotion as boss predicts Christmas shortages
Stock shortages due to the ongoing supply chain crisis have forced Sainsbury’s to delay its toy promotion by a week, with boss Simon Roberts predicting further shortages over Christmas.
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NewsTHG shares plummet to record low as BlackRock sells half its stake
THG’s largest institutional investor BlackRock has sold almost half of its shares as the online retailer faces ongoing concerns around its corporate governance and business model.