Latest online retail news – Page 76
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NewsTed Baker’s lenders hire advisers to review struggling business
Ted Baker’s lenders have called in advisers to carry out an independent business review.
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NewsVictorian Plumbing hails ‘most profitable year to date’
Victorian Plumbing has registered soaring profits and sales during a record year.
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NewsRetail park to be converted to warehouses for ecommerce
A north London retail park has been acquired by the world’s largest warehouse company in a landmark deal that will see it converted into space for fulfilling online deliveries.
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NewsCarrefour completes acquisition of lunch delivery service Dejbox
French supermarket giant Carrefour has completed the acquisition of a start-up that delivers lunches to office workers in a bid to expand its grocery ecommerce offering.
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NewsWaterstones posts flat Christmas after ‘nerve-wracking’ peak period
Waterstones registered flat – although better than expected – Christmas sales, chief executive James Daunt has told Retail Week.
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NewsRetailers report subdued Christmas spend as footfall plummets
Retailers registered tough trading during December as footfall declined throughout the crucial post-Christmas period.
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NewsOnline returns set to spike on ‘Takeback Thursday’
Returns of online purchases are set to spike today as shoppers seek refunds or exchanges on unwanted Christmas gifts.
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NewsReliance takes on Amazon and Flipkart with JioMart launch
Indian retail giant Reliance Industries has launched an ecommerce platform to challenge Amazon and Walmart-owned Flipkart in its homeland.
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NewsCo-op unveils online expansion and vegan products push
The Co-op is extending its online reach with the roll-out of same-day delivery services accompanied by the launch of a vegan range.
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NewsRetail delivery by drone moves closer to reality
An official trial will begin early in the new year that could be a big step towards retail order delivery by drone.
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NewsSuning to open 10,000 stores in 2020 in £4.4bn expansion splurge
Chinese retail titan Suning has revealed plans to open 10,000 new stores and create 8,000 jobs next year as part of an ambitious RMB 40bn (£4.4bn) expansion strategy.
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NewsOnline sales surge during record November
Online spending has surged during November bolstered by Black Friday promotions.
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NewsOcado set to become UK’s largest listed tech company
Ocado will become the “Microsoft of retail” following a decision by the Competition and Markets Authority (CMA) to de-designate the grocers as a retailer.
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NewsThe Hut Group secures €1bn in fresh fundraising round
The Hut Group has won €1bn in new financing that will transform its balance sheet and super-charge its growth aspirations.
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NewsStudio profits hit by surge in PPI claims
Studio, the online retailer previously known as Findel, has posted a slump in profits following a surge in PPI claims.
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NewsData: Shoppers spent £2bn on Christmas gifts during Black Friday
The struggling UK retail sector may not get the Christmas sales boost it desires, as new research shows many customers did the majority of their festive shopping during the Black Friday sales.
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NewsAmazon-Deliveroo: CMA set to ratchet up probe into minority stake
Amazon’s cash injection into food delivery service Deliveroo has raised the hackles of the Competition and Markets Authority (CMA), which has warned of “serious competition concerns”.
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NewsAmazon boosts its UK market share
Amazon has increased its share in the UK e-commerce market according to new research.
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NewsDunelm profits to beat expectations amid margin gains
Dunelm has said it expects full-year profits to come in “higher than previous expectations” after a period of “strong sales growth”.
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NewsQuiz swings to loss as brand blames ‘challenging market conditions’
Quiz has swung to a loss before tax and seen its underlying EBITDA more than halve in what the fast-fashion group called a “continued challenging market”.