All Online retail & ecommerce articles – Page 507
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NewsN Brown to enter the US after a record year
N Brown has confirmed plans to enter the US later this year as total sales for the home shopping group grew 4.2% to £690m in the year to February 27.
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NewsAmazon sales and profits continue to soar
Sales for internet giant Amazon have continued to soar in its first quarter, growing 45% to $7.13bn (£4.6bn).
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NewsFindel profits to be below expectations
Home shopping group Findel has reported full year sales up 1% to £582m but said it pre-tax profits would be below expectations after a review of some of its accounting entries.
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NewsBT Expedite to headline sponsor Retail Week's technology awards
BT Expedite has signed up as the headline sponsor of Retail Week’s technology awards.
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NewsOcado poised to appoint banks for IPO
Ocado is understood to be poised to appoint JPMorgan Cazenove, UBS and Goldman Sachs to advise on a possible £1bn flotation this summer.
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AnalysisFive big questions for Asda’s new boss
Asda is finding trading tough but has big ambitions. As Andy Bond prepares to take a back seat, Jennifer Creevy looks at the big issues his successor will need to tackle to get the grocer back on track
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NewsAsos overseas growth woos investors
The international opportunity for online fashion retailer Asos continued to be a winning growth story for investors as overseas sales soared 101% in the year to March 31.
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NewsRivals dent Maplin’s multichannel sales
Electricals retailer Maplin suffered a sharp fall in multichannel sales last year, in stark contrast to its rivals.
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News
Smaller merchants outperform large retailers in web performance league
Size means little when it comes to the performance of retailers’ websites because the inaugural testing of the ‘Retail 500’ of top UK retailers for Retail Week found some of the smaller merchants performed strongly while many of the larger players delivered a weak performance.
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NewsOnline sales up 15% in March
Online sales grew 15% year-on-year in March with strong sales across all sectors, particularly in home and garden, according to the IMRG Capgemini e-Retail Sales Index.
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NewsLuxury industry backs ruling on online sales
Luxury giants LVMH and PPR have spoken out in support of a European Commission ruling that allows brand owners to continue to control how online retailers distribute their brands.
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NewsTesco launches first social networking site
Tesco has launched a social networking site aimed at people taking part in or supporting Cancer Research UK’s Race for Life.
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OpinionOut of sight, out of mind
The website crash suffered by Net-a-Porter spin-off The Outnet last week shows that even internet-savvy businesses can get things very wrong.
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NewsAsos revenue up 35% as international sales surge
Online fashion retailer Asos achieved a 35% uplift in revenue to £223m in the year to March 31 with full-year pre-tax profits expected to be in line with forecasts.
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NewsThe Outnet’s £1 Sale causes site to crash
Discount designer website theOutnet.com, the spin-off of luxury etailer Net-a-Porter, crashed in some markets on Friday when it hosted a “pop-up Sale” to celebrate its first birthday, selling designer items for just £1.
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NewsThe Hut launches accessories website MyBag.co.uk
Etailer The Hut Group has launched a dedicated handbag and accessories site and is planning more standalone sites as it seeks to expand its offer.
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NewsOcado launches Android version of mobile app
Online grocer Ocado has launched an application on Google’s mobile phone operating system Android.
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NewsEntertainer links up merchandising
Toy retailer The Entertainer has tied together stock allocation and sales of its products across its stores, websites and third-party websites by implementing a new merchandising solution.
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NewsThe Hut Group raises £14m
Online retailer The Hut Group has raised £14m from investors including former chief executive of Matalan Angus Monro as it gears up for further acquisitions.
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News
Migros net sales down 3%
Swiss market leader Migros reported group net sales declined 3% to CHF24.95bn (£14.7bn) for 2009.The group blamed lower prices of Migros’ products, a dramatic drop in crude oil prices and a decline in business travel for the drop. However, net profit soared 20.8% to CHF846m (£500m). And the group’s other ...