Latest online retail news – Page 54
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NewsFarfetch revenues soar after ‘tremendous start to 2021’
Farfetch reported strong growth in both revenues and gross merchandise values in what the luxury specialist’s boss called a “tremendous start to 2021”.
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NewsSainsbury’s launches Carluccio’s trial with three store-in-store formats
Sainsbury’s is set to launch three new Carluccio’s store-in-store concepts, representing the casual-dining brand’s first foray into supermarket retail partnerships.
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NewsJoules upgrades profit expectations following ‘strong’ sales
Joules has upped its full-year profit forecast after hailing a “positive performance” across all its sales channels.
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NewsRetail sales rise in April as pent-up demand brings shoppers back to store
Retail sales increased last month as shoppers flocked back to bricks-and-mortar stores following reopening on April 12.
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NewsHotel Chocolat upgrades full year trading expectations following strong Easter
Hotel Chocolat reported surging sales over its crucial Mother’s Day and Easter periods and said it expected trading for the year to be “significantly ahead of expectations”.
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NewsZalando upgrades outlook for the year following ‘standout’ first quarter
German pureplay giant Zalando has upgraded its outlook for the 2021 financial year following what it called a “standout” first quarter.
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NewsSuperdry full-year revenues slump despite improved fourth quarter
Superdry has reported a slump in full-year sales but chief executive Julian Dunkerton says there is “light at the end of the tunnel” for the retailer following an improved fourth quarter.
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NewsBoohoo profits surge as sales rocket across globe
Boohoo has posted a spike in sales and profits as coronavirus lockdowns across the globe spurred growth in all of its international markets.
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NewsMarks & Spencer launches tech recruitment drive to turbocharge online growth
Marks & Spencer has begun a recruitment push to find 85 tech specialists following a consumer shift online during the Covid pandemic.
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NewsAldi eyes possible cashierless store format with ‘Shop & Go’ trademark
Aldi has trademarked ‘Shop & Go’ with the Intellectual Property Office (IPO), paving the way for the potential launch of a cashierless store format.
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NewsAmazon profits soar as online demand booms
Online giant Amazon has reported skyrocketing sales and earnings as the pandemic-stoked shift to online continued.
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NewsMarks & Spencer reshapes its food division’s top team
Marks & Spencer has made changes to its food leadership team through a raft of promotions and moves.
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NewsWaitrose to create 400 new jobs as it extends Deliveroo partnership
Waitrose is set to create 400 new jobs as it extends its home delivery partnership with Deliveroo to 110 new stores.
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NewsFormer Sainsbury’s boss King backs Snappy Group delivery start-up
Former Sainsbury’s chief executive Justin King has joined Snappy Group, a start-up that helps local corner shops sell online, after personally making a “significant investment” in the business.
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NewsGousto swings into black as boss says grocery delivery is here to stay
Gousto has delivered its first ever full-year profit as its chief executive backs the grocery home-delivery revolution to outlast the pandemic.
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NewsRetail sales recover in March as Covid restrictions start to ease
Retail sales rose in March but across the quarter were “subdued overall”.
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NewsThe Hut gobbles up snacks specialist in £43m deal
Online giant The Hut Group (THG) is to acquire healthy snack bar business Brighter Foods, strengthening its presence in a high-growth category.
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NewsBloom & Wild buys Dutch rival Bloomon in European expansion push
Online florist Bloom & Wild has acquired Dutch rival Bloomon for an undisclosed sum as it ramps up plans to grow into Europe.
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NewsFeelunique swings into profit off the back of strong sales
Pureplay beauty brand Feelunique has posted its first annual profit off the back of strong sales and customer growth.
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NewsM&S to open new dotcom warehouse for ‘more digital future’
Marks & Spencer is to add an online warehouse to its Bradford distribution centre as it gears up for a “more digital future”.