Latest online retail news – Page 58
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NewsSuperdry turnaround hit by Covid disruption
Fashion retailer Superdry has posted a fall in sales and profits after the coronavirus pandemic took a toll, and cautioned about prospects as a ‘going concern’.
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NewsLatest fundraising round values Deliveroo at more than £5bn
Deliveroo’s valuation has shot up to more than $7bn (£5.11bn) ahead of a long-awaited float, following another successful fundraising round over the weekend.
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NewsUK economy shrinks in November, ending six consecutive months of growth
The UK economy shrank in November as coronavirus restrictions on consumers and businesses reduced economic activity.
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NewsSell online? Not likely, insists Primark finance chief
As sales were decimated and shoppers flocked online during lockdown, many might think Primark would reconsider whether to trade online – far from it.
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NewsTesco Christmas sales climb boosted by online
Tesco has recorded a strong uplift in sales over the festive period as boss Ken Murphy says the grocer “delivered a record Christmas across all of our formats and channels”.
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NewsOnline sales growth hits 13-year high on back of strong December
Online sales growth reached its highest level in more than a decade last year as the Covid-19 pandemic spurred a shift in shopping habits.
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NewsAsos Christmas sales beat expectations after ‘exceptional’ UK growth
Online fashion giant Asos expects profits to come in at the top end of expectations after a strong Christmas sales performance, particularly in the UK market.
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NewsThe Hut Group boss aims to double beauty brands in acquisition drive
The Hut Group chief executive Matt Moulding has said we would like to double the number of beauty brands the business owns in the next two years.
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NewsJohn Lewis switches off click and collect at ‘critical point’ of Covid crisis
John Lewis will stop offering click and collect from its stores in a bid to reduce non-essential travel by customers.
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NewsThe Hut Group and Very post record surges in Christmas sales
The Hut Group has reported Christmas sales growth ahead of previous forecasts and upped its full-year expectations, while The Very Group reported its “best ever Christmas trading period”.
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NewsMoonpig eyes float after strong lockdown trading
Moonpig’s mooted £1bn float on the London Stock Exchange is set for liftoff after the pureplay announced its intention to publish a registration document today.
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NewsKingfisher expects profits at top end of range after strong fourth quarter
Home and DIY giant Kingfisher has said it expects full-year profits to be at the top end of its £667m to £742m estimate, following continued strong trading in its fourth quarter.
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NewsData: Coronavirus restrictions lead to record low retail spend in 2020
The effects of the coronavirus pandemic and associated restrictions on the retail sector have been laid bare, with customer spending across the year down to record lows.
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NewsStudio reports ‘outstanding’ Christmas as customers turn to value
Studio Retail has recorded an “outstanding” golden quarter after customer numbers soared.
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NewsAsos to launch £90m warehouse, creating 2,000 jobs
Asos has unveiled plans to open a new £90m warehouse to support “ever-increasing customer demand” and help it accelerate its delivery capabilities.
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NewsDebenhams closes Irish online business as retailers face new Brexit tariffs
Department store chain Debenhams has been forced to close its digital Irish business to avoid tariffs now required under the Brexit deal.
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NewsJoules Christmas sales bolstered by online
Fashion and lifestyle brand Joules was propped up this Christmas by its online business.
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NewsAldi hails strong Christmas trading with surges in-store and online
Discount supermarket chain Aldi has reported strong Christmas trading, driven by growth both in-store and online with its wine and special-buys offer.
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NewseBay £7bn advertising deal faces CMA probe
Online marketplace eBay is facing an investigation by the UK markets watchdog over the proposed £7bn sale of its advertising arm to a Norwegian firm.
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NewsOnline fashion retailer Mytheresa reveals IPO plans
Fashion etailer Mytheresa has unveiled plans for a Wall Street IPO.