Online & Digital
The latest news, updates and analysis on the online and digital segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Nov- 2022 -28 November
Amazon tax bill to rise by £29m next year
Amazon’s business rates are reportedly set to rise by around £28.75m next year, as next year’s business rates are set to heavily impact online retailers, according to new analysis from real estate advisor Altus Group. It warned that the online giant may be faced with paying £100m in extra tax…
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25 November
Amazon workers to strike across globe this Black Friday
Amazon workers from over 30 different countries are set to strike today (25 November) on Black Friday, one of the retailer’s busiest days of the year. The movement has been formed by the Make Amazon Pay coalition, which is co-convened by UNI Global Union and the Progressive International. The coalition…
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24 November
Made.com to repay 2% of £187m owed at time of collapse
Made.com collapsed into administration owing a total of £186.6m to unsecured creditors and is set to repay less than 2% of this, according to new documents from its administrators. In its latest filings with Companies House, PwC said it only expects to pay out 1.6p in the pound to creditors…
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18 November
Job cuts will continue into 2023, warns Amazon CEO
Amazon has confirmed that further cuts to its workforce should be expected in 2023, as the group continues its annual operating planning review, following reports it was planning to cut up to 10,000 jobs. In an open letter to staff, CEO Andy Jassy said team leaders across the group were…
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17 November
AO expands fleet with 130 new delivery vans
Online electricals retailer AO has acquired 130 new home delivery vans from Fraikin, as part of an ongoing contract hire agreement. The retailer said it turned to drivers for recommendations on how to upgrade its current fleet, in recognition of the “integral part the crews play in its leading delivery…
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15 November
Amazon to cut 10,000 jobs as business takes hit
Amazon is reportedly set to cut up to 10,000 jobs amid a slowdown of business in recent months, The New York Times has reported. The cuts are reportedly set to affect divisions including personal devices and e-commerce, with around 3% of office jobs impacted in total. It comes after reports…
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11 November
Amazon CEO launches cost-cutting review
Amazon chief executive Andy Jassy is reportedly leading a cost-review of the business while examining businesses at the company that are not profitable. First reported by the Wall Street Journal, sources reportedly revealed Amazon is examining its Alexa business alongside its robotics division. In a statement to Bloomberg, Amazon confirmed…
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9 November
Next snaps up Made.com brand following collapse
Next has acquired the Made.com brand for £3.4m following the furniture retailer’s collapse into administration, which may see the loss of up to 500 jobs. It comes as MDL, Made’s operating subsidiary, appointed Zelf Hussain, Peter David Dickens and Rachael Maria Wilkinson of PwC as administrators of the group. Following…
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1 November
Made.com nears administration as shares suspended
Made.com has announced its shares have been suspended from trading on the London Stock Exchange this morning (1 November) as the retailer announced its intention to enter into administration after failing to secure a buyer for the group. Its operating subsidiary, Made.com Design Ltd (MDL), has appointed Zelf Hussain, Peter…
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Oct- 2022 -28 October
Amazon shares fall as group predicts sales slowdown
Amazon has seen its shares plummet by as much as 20% after it warned of a slowdown in sales for the upcoming quarter. It comes as the group reported that sales hit $127.1bn (£110bn) in the quarter ended 30 September, 2022, a rise of 15% against the prior year yet…
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