Latest online retail news – Page 55
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NewsDeliveroo hails strong performance in first update as listed business
Deliveroo has hailed a strong quarter with orders and gross transaction value across its platform both up in its first quarter as a listed company.
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NewsNaked Wines exceeds sales guidance as it seizes US opportunities
Pureplay wine specialist Naked Wines has hailed its performance over the last financial year, reporting it has exceeded sales guidance driven in particular by its US market.
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NewsAO hails ‘outstanding progress’ as sales and profits soar
AO.com has reported strong sales and expects profits for the year to be in line with market consensus after capitalising on “ the challenges and opportunities” presented by the pandemic.
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NewsThe Hut Group slips to full-year loss due to multiple ‘non-recurring’ costs
The Hut Group has incurred an operating loss for the last financial year due to a series of “non-recurring, non-cash events”, most notably linked to its IPO during the period.
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NewsTesco full-year sales climb, profits dampened by rates relief return
Tesco boss Ken Murphy hailed the grocer’s “incredible strength” as it reported a rise in full-year sales and profits notwithstanding its business rates repayment.
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NewsSainsbury’s strikes new deals with Deliveroo and Uber Eats
Sainsbury’s has signed a two-year deal with delivery specialist Deliveroo to extend a trial to 100 stores and another with Uber Eats covering a further 78 stores.
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NewsGrocery powers retail sales rise in March
Retail sales climbed in March, but many categories remained in decline as grocery powered the increase.
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NewsAlibaba hit with record £2bn fine for breaching competition rules
Chinese ecommerce giant Alibaba has been hit with an Y18.3bn (£2bn) fine after an investigation ruled that it had abused its market position.
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NewsMorrisons becomes first UK grocer to remove plastic bags from stores
Supermarket giant Morrisons has become the first grocery chain in the UK to completely eliminate plastic bags from its stores, a move it says will save 3,200 tonnes of plastic a year.
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NewsAsos lifts earnings forecast after stellar first half
Fashion etailer Asos has upped profit expectations after a strong first half powered by “exceptional execution” as the pandemic continued.
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NewsPaphitis warns it’s ‘goodnight Vienna for physical retail’ without rates reform
Retail tycoon Theo Paphitis has urged chancellor Rishi Sunak to reform business rates or risk the “destruction” of bricks-and-mortar retail.
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NewsAmazon found to have illegally fired climate activist workers
US labour officials have found that Amazon “illegally retaliated” against two former employees who were fired after speaking out about the firm’s environmental practices and warehouse safety.
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NewsDeliveroo slashes share price amid investor fears over workers’ rights
Deliveroo is set to price its imminent float at the bottom of the range due to investor concerns over the pay and working conditions of its riders.
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NewsUS threatens UK with tariffs on exports over planned digital tax
Exports including jewellery, furniture and game boards could all face tariffs being exported across the Atlantic, with the US targeting British products in response to any digital tax.
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NewsBoohoo explores vintage fabrics and resale websites as it targets sustainability
As part of its commitment to ESG and in tandem with the Agenda for Change, Boohoo has announced a host of sustainability pledges in a bid to ensure a better future for the business.
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NewsBoohoo publishes UK supplier list in push for transparency
Fashion etailer Boohoo has published a list of UK suppliers and unveiled a sustainability strategy as it seeks to address controversy that has dogged the business.
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NewsNike and H&M face China backlash in Uighur forced labour row
Fashion giants Nike and H&M face boycott demands from Chinese consumers after expressing concern over allegations of forced labour in cotton production.
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NewsEnd snapped up by Carlyle Group in £750m deal
Premium fashion retailer End has been snapped up by buyout giant The Carlyle Group in a deal valuing the business at more than £750m.
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NewsRetailers divided over business rates in submissions to Treasury review
Retail respondents to the Treasury’s call for evidence on business rates reform are split over the benefits and potential risks to the high street of introducing an online sales tax.
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NewsChancellor to delay decision on UK online sales tax
Chancellor of the exchequer Rishi Sunak is set to delay any final decision on a UK online sales tax to the autumn and will take his lead from whether the US supports the reform.