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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Jun- 2022 -24 June
Spar launches new partnership with Deliveroo
Spar UK has announced its new partnership deal with Deliveroo, covering all 2,160 Spar stores in England, Scotland and Wales. This new partnership will “provide shoppers with more choice and access to essential items from Spar stores nationwide, delivered to their door by Deliveroo in as little as 20 minutes”.…
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24 June
Zalando lowers guidance amid falling consumer confidence
Zalando has warned on its profits for the financial year FY22, with revenues now expected to grow 0%-3% to €10.4bn (£8.9bn) – €10.7bn (£9.1bn), as macroeconomic conditions have further deteriorated. Zalando said it no longer assumes a rebound of consumer confidence in the short-term, following a further fall in the…
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23 June
Naked Wines returns to profit as sales hit £350m
Naked Wines has welcomed a year of “strong execution” despite ongoing headwinds, with the group’s adjusted EBIT hitting £2m in FY22, up from a loss of £1.5m the prior year, as the group benefited from returning customers. Total sales were up by 5% YoY to £350.3m, while on a two-year…
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22 June
Gift Universe acquires Prezzybox
Gift Universe, parent company of the gifts and gadgets retailer Menkind, has acquired Prezzybox, a brand in the gifting industry. The acquisition, for an undisclosed sum, will enable the company to extend its reach into the female gifting market alongside Menkind’s male focused proposition. It follows on from the recent…
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21 June
Hearing Direct launches holistic audiology service
Hearing Direct, an online authority in hearing solutions and support, has launched a new service, HDcare, in response to a surge in demand for digital audiology services. HDcare is a comprehensive service that combines “digital tools and services with real audiology expertise to give complete care to people with hearing…
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21 June
Ocado taps investors for £575m amid tech expansion
Ocado Group plc, the online grocery platform, is set to raise £575m of new ordinary shares of 2 pence per share from its investors in a bid to support its technology rollout and further its positions in its existing and new products and markets. The proceeds are expected to give…
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21 June
Gear4Music profit dips in FY22
Gear4Music has reported gross profits of £41.1m in FY22, 11% below its “exceptional”, Covid boosted results in FY21, but 32% ahead of its FY20 results. Its reported EBITDA was £11.2m during the period, 43% below FY21 yet 44% ahead of FY20, while active customers hit 0.92 million, 13% behind FY21…
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20 June
Deliveroo and LloydsPharmacy add 110 stores to UK roll-out
LloydsPharmacy and Deliveroo announced that rapid deliveries of pharmacy essentials including cold and flu relief, painkillers and pregnancy tests will be available from a further 110 LloydsPharmacy stores over the coming months. LloydsPharmacy first partnered with Deliveroo in 2020, helping to bring medical essentials to households in as little as…
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20 June
Mattress Online recognised as fast growing firm in tech awards
Mattress Online, a leading UK online retailer of mattresses and beds, recently received two Northern Tech Awards, placing at 19th in the ‘Top 100 Fastest Growing Tech Companies in the North’ and 2nd in the ‘Top 15 Fastest Growing Larger Companies’. The Rotherham-based retailer was reportedly the first online seller…
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20 June
Gov outlines buy now, pay later regulation
The government has announced plans to strengthen regulation of interest-free buy now pay later (BNPL) credit agreements, which will require providers to implement affordability checks. BNPL credit agreements can be a way to manage finances, allowing people to spread the full cost of a purchase over time. However, the government…
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