Latest online retail news – Page 78
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NewsAlibaba set for biggest equity capital raising of year in Hong Kong listing
Alibaba is set to kick off what would be the world’s biggest equity capital raising of the year so far, as it prepares for its second listing on the Hong Kong stock exchange.
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NewsShop Direct secures funding from Barclay brothers
Shop Direct has secured £150m of additional funding from its parent company to plug a gap in equity triggered by an unexpected surge in PPI claims earlier this year.
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NewsOnline sales during Black Friday will be lowest ever, says IMRG
IMRG has given its “lowest Black Friday forecast” for online sales ever ahead of the major discounting event.
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NewsNike cuts ties with Amazon to focus on direct to consumer
Nike has ended its long-term pilot programme with Amazon, as it looks to focus more on selling direct to consumer.
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NewsAmazon to launch new standalone grocery store format
Amazon has revealed its plans to open a new grocery store format – separate from Amazon Go and Whole Foods Market – as part of its long term plans to ramp up its food offering.
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NewsAlibaba’s Singles’ Day event breaks records
Chinese etailer Alibaba’s Singles’ Day shopping event registered record-breaking sales for the 11th consecutive year.
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NewsDeliveroo launches new click-and-collect service for restaurants
Deliveroo has unveiled a new click-and-collect service to allow customers to pick up food at participating restaurants through its app.
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NewsSuperdry blames sales fall on ‘legacy issues’
Superdry has reported slumps in group sales and across all its channels, which it says “reflects an expected year of reset” and legacy issues across the business.
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NewsArcadia hires leaders to digital transformation team
Arcadia has appointed three new senior figures to its digital team as the embattled fashion group looks to accelerate its digital transformation.
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NewsShop Direct closes in on £150m financing deal
Shop Direct owners the Barclay family are on the cusp of agreeing a £150m refinancing deal to shore up the online retailer’s balance sheet.
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NewsRetail sales boosted by ‘aggressive promotions’
Retail sales registered a slight uptick following a heavy discounting period during October.
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NewsShop Direct raids Clarks for new chief financial officer
Shop Direct has poached former Clarks European president Ben Fletcher as its new group chief financial officer.
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NewsEx-Sainsbury’s boss urges VAT increase to save high street
Former Sainsbury’s chief executive Justin King has said business rates for retailers should be halved and VAT increased to 22% in a bid to save the flagging high street.
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NewsJLP extends click-and-collect network to third parties
John Lewis Partnership has expanded its click-and-collect distribution network to third party retailers, starting with a trial collaboration with Boden.
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NewsTesco and Co-op bosses set out plans to save the high street
Dave Lewis and Steve Murrells have co-written an article setting out a “two-part shake-up” to business rates that they say will “save the high street”.
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NewsZalando sales surge as shopper visits climb
Online fashion giant Zalando has posted a rise in quarterly sales as its customer base grew.
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NewsNext in-store sales fall but profit expectations remain unchanged
Next has reported a fall in full-price sales from stores but saw a big upturn in online sales in its third quarter, ensuring that its profit expectations for the year remain unchanged.
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NewsM&S presses button on instalment payments for shoppers
Marks & Spencer is to roll out an instalment payment option for online clothing and home customers.
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NewsOpenpay confirmed as Retail Week Live headline partner
Openpay has been confirmed as the headline partner for Retail Week Live 2020.
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NewsUntuckit unveils UK expansion plan with two new stores
Untuckit has revealed it is opening two new stores in the UK as part of its worldwide expansion plan.