Latest online retail news – Page 57
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NewsMade.com considers potential for IPO
Online furniture specialist Made.com is considering options including a flotation that could value it at more than £500m.
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NewsTed Baker warns of £5m Brexit bill as festive sales slide
Ted Baker has warned it faces £5m of additional costs associated with Britain’s exit from the EU as it grapples to revive its fortunes.
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NewsZalando poaches Boots beauty boss as it ramps up growth plans
Zalando has appointed Boots vice president of beauty and gifting Joanna Rogers to lead its expanding beauty offer.
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NewsNotonthehighstreet snapped up by US firm Great Hill Partners
Online gifting retailer Notonthehighstreet has been taken over by US investment firm Great Hill Partners for an undisclosed sum.
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NewsOcado narrows full-year losses as sales surge
Ocado has reported a spike in full-year sales as demand for online grocery during the pandemic jumped in what boss Tim Steiner says is a permanent shift in consumer shopping habits.
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NewsBoohoo snaps up Arcadia’s remaining brands
Boohoo has finalised the purchase of Arcadia’s Wallis, Burton and Dorothy Perkins brands out of administration.
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NewsAmazon creates 1,000 new apprenticeships in the UK
Global etail giant Amazon has announced it is creating 1,000 new apprenticeships in the UK across 25 different programmes within the business.
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NewsAlibaba sales surge amid China’s ‘rapid’ Covid-19 recovery
Alibaba has posted a spike in sales during the final quarter of 2020 following the “rapid recovery” of the Chinese economy in the wake of Covid-19.
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NewsAmazon boss Jeff Bezos steps down as quarterly sales pass $125bn
Amazon founder Jeff Bezos will resign as chief executive later this year and step into the role of executive chair.
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NewsAsos scoops up Topshop in £265m deal
Asos has acquired Topshop and other Arcadia brands in “a hugely exciting moment” for the online fashion specialist.
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NewsLidl boss: The costs of going online just don’t add up
Lidl GB boss Christian Härtnagel has ruled out wading into the burgeoning online grocery market as he believes the pandemic has artificially inflated demand and the costs are too high.
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NewsJoules interim sales and profits slip as chief financial officer departs
Fashion retailer Joules has blamed store closures due to coronavirus for falling sales and profits on the day it announced its chief financial officer would be stepping down.
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NewsAsos could retain Topshop flagship if Arcadia deal goes ahead
Online retailer Asos, which is in exclusive talks to buy Arcadia brands, is interested in retaining the flagship Topshop store on Oxford Street.
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NewsBoohoo acquires Debenhams brand and website
Boohoo has acquired Debenhams’ brand and website for £55m in what executive chair and co-founder Mahmud Kamani describes as “a transformational deal”.
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NewsFeelunique hails strong golden quarter as retail and marketplace sales soar
Pureplay cosmetics brand Feelunique has reported strong sales growth across its direct retail and marketplace channels over the Christmas period.
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NewsBurberry hails ‘good progress’ as online sales surge over Christmas
Burberry has posted a spike in online sales during the golden quarter as it hailed “good progress” on its transformation strategy.
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NewsNext boss Wolfson joins Deliveroo board
Next chief executive Lord Wolfson has been appointed to the board of Deliveroo, as the delivery app continues to strengthen its non-executive team ahead of an awaited stock market float.
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NewsHotel Chocolat sales climb as digital initiatives accelerated
Hotel Chocolat has reported strong sales growth over Christmas after speeding up the pace of digital change in the face of the Covid-19 pandemic.
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NewsAO posts record sales rise in Christmas quarter
Electricals etailer AO World has reported a record surge in sales over the Christmas peak period.
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NewsMoonpig presses button on IPO
Online greetings card specialist and technology platform Moonpig has confirmed its intention to float.