Latest online retail news – Page 98
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NewsWiggleCRC boosts European presence with Bike24 deal
WiggleCRC has snapped up German cycling etailer Bike24 to ramp up its European reach in a reported £100m acquisition.
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NewsGear4music shrugs off results mess-up as revenues rise
Gear4music has posted a rise in sales and gross profit during its first half.
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NewsData: Toys and games market to be worth £4.9bn by 2022
The UK’s toys and games market will be worth almost £5bn by 2022 with online sales expected to drive the sector’s growth.
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NewsShop Direct’s Barclay brothers to scoop £200m in deal
Shop Direct owners the Barclay brothers will receive over £200m in a refinancing deal, following their decision to abandon a sale of the business.
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NewsAsos profits skyrocket bolstered by weak pound
Asos’ full-year profits have more than doubled, driven by strong international sales and currency tailwinds in what boss Nick Beighton dubbed “a great year”.
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NewsAmazon creates 1,200 jobs with new fulfilment centre
Amazon will open a new distribution hub in Bolton next year that will create 1,200 new full-time permanent jobs.
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NewsAgenda: Asos updates the market with its preliminary results
Retail Week looks ahead to the next seven days, with a preliminary update from Asos on the agenda.
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NewsTed Baker gives online shoppers in-store stylists
Ted Baker is piloting giving its online shoppers access to in-store stylists in a bid to develop its service proposition.
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NewsAmazon expands Fresh grocery offer with Booths tie-up
Amazon has launched a tie-up with Booths in a deal that will allow the grocer to sell its products to shoppers in the South for the first time.
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NewsAlex Baldock to step down from Shop Direct
Shop Direct chief executive Alex Baldock is leaving the pureplay etailer next summer after five years at the helm.
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NewsZalando and Google create AI-powered gifting chatbot
Zalando and Google have collaborated on a gift-finder assistant that asks users questions about the type of present they are looking for and suggests products.
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NewsAmazon hit with £222m tax bill after three-year probe
The European Commission has ordered Amazon to pay €250m (£222m) after finding that it benefited from an illegal tax arrangement with Luxembourg.
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NewsMade.com generates maiden UK profits as sales rise
Online furniture retailer Made.com became profitable in the UK last year as its sales “fast approach” the £100m mark.
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NewsRetail jobs slump amid shift to online shopping
The number of jobs in the UK retail sector slumped by 62,000 in the second quarter of 2017, according to new figures.
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NewsToday in retail: Shop Direct triumphs, sale or no sale
Retail may be struggling, but you wouldn’t know it looking at Shop Direct’s latest results.
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NewsShop Direct profit rise boosted by mobile and athleisure
Shop Direct recorded its fifth consecutive year of rising profits and sales as purchases made on smartphones comprised over half of the retailer’s overall sales.
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NewsMoss Bros starts selling through Asos and Amazon US
Moss Bros has started selling selected ranges on Asos and Amazon’s US website as it bids to boost sales and brand awareness overseas.
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NewsMoss Bros tailored for success as profits rise
Moss Bros has reported a jump in interim profits as like-for-like sales grew despite what boss Brian Brick described as “an unpredictable economic backdrop”.
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NewsHotel Chocolat to launch new subscription service
Hotel Chocolat is launching a new subscription service as part of a drive to give customers access to its products “wherever they are”.
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NewsBoohoo ups sales guidance as profits and revenues rocket
Boohoo has upped its full-year sales guidance after hailing a spike in sales and profits during its first half.