Latest online retail news – Page 90
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NewsJeff Bezos: ‘I predict one day Amazon will fail’
Amazon founder Jeff Bezos has told staff that Amazon is not “too big to fail” and that one day it will “go bankrupt”.
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NewsAmazon to create 50,000 jobs in split HQ plan
Amazon has ended months of speculation by revealing that its new second headquarters will be split between New York and Arlington, Virginia.
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NewsFlipkart boss steps down amid misconduct allegation
The chief executive of Flipkart Group Binny Bansal has resigned following an independent investigation into an allegation of “serious personal misconduct.”
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NewsAlibaba’s Singles’ Day sales top $30bn in record performance
Alibaba’s Singles’ Day promotional extravaganza generated sales of $30.8bn, 27% ahead of last year’s total.
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NewsB&Q turns its back on Black Friday promotions
DIY giant B&Q will not take part in the Black Friday promotional extravaganza this year.
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NewsAmazon launches Prime Wardrobe in the UK
Amazon has launched its ‘try before you buy’ fashion proposition in the UK.
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NewsOcado and Kroger pen deal to build 20 warehouses
Ocado and Kroger have finalised a deal that will see the US grocery giant build 20 warehouses over the next three years.
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NewsBusiness rates and online tax on Budget agenda
Chancellor Philip Hammond is expected to cut business rates by a third for about half a million small retailers in today’s Budget.
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NewsYoox Net-A-Porter to sell on Alibaba’s Tmall
Yoox Net-A-Porter has joined forces with online titan Alibaba to create a “luxury retail platform” in China.
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NewsAmazon third quarter profits rocket as sales surge
Amazon has posted a surge in third quarter profits but delivered a muted festive sales forecast.
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NewsBrexit to hit UK retailers’ profitability, warns Moody’s
British retailers’ profitability is likely to be held back by Brexit, according to research by credit ratings agency Moody’s.
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NewsEbay sues Amazon for ‘illegally luring’ sellers
Online marketplace eBay is suing rival Amazon amid claims that the etail goliath poached its third-party sellers.
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Asos profits soar as customer numbers rise
Asos has reported a 28% increase in full-year profits to £102m in “a year of substantial progress”.
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NewsAsos launches voice shopping with ‘Enki’
Asos has launched voice shopping on Google with its shopping assistant ‘Enki’, becoming one of the first fashion retailers to do so
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NewsWilko swings to red as exceptional costs rack up
Wilko posted a pre-tax loss due to one-off costs as sales rose, in what chief operating officer Sean Toal described as a “tough trading environment”.
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NewsMySale to take buy-now, pay-later scheme to market
MySale is planning to offer its proprietary buy-now, pay-later technology to the rest of the industry.
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NewsRetail sales suffer ‘summer hangover’ in September
Retail sales dipped in September as constrained consumer spending drove the industry’s poorest performance in five months.
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NewsAmazon seeks UK properties for Go stores
Online powerhouse Amazon is on the hunt for UK retail properties for its checkout-free grocery arm, Amazon Go.
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NewsQuiz warns on profits as sales growth disappoints
Quiz, the multichannel fashion retailer that floated last year, has issued a profits warning.
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NewsUK could tackle Amazon and global giants in new tax
Britain could “go it alone” with a new scheme designed to tackle tax avoidance by Amazon and other digital global giants.