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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Mar- 2022 -9 March
Jane.COM names new CEO
Jane.Com, the curated online retail marketplace, has announced the appointment of Joana McKenna as the company’s new CEO. McKenna brings over 20 years of experience building global brands, and has held leadership roles in sales, general management, product management, marketing, supply chain and operations at Walmart eCommerce, Johnson and Johnson…
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3 March
The Very Group announces partnership to transform ecommerce platform
The Very Group has announced plans to transform the technology behind its ecommerce platform through a new partnership with commercetools, a commerce platform built on MACH principles, in a bid to “significantly” improve customer experience. The new partnership with commercetools is reportedly a step forward in Very’s strategy to modernise…
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1 March
Asos extends partnership with Microsoft
Asos has signed a new cloud agreement with Microsoft that will see the business continue to use the Microsoft Cloud as its cloud platform for the next five years. Asos uses Microsoft Azure and its AI capabilities to power its digital platforms and support new data-led workstreams. Over the past…
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Feb- 2022 -25 February
Farfetch revenues hit $2.3bn
Farfetch Limited, the global platform for the luxury fashion industry, has reported its revenues increased 35% year-on-year to $2.3bn (£1.71bn) for the full-year ended December 31 2021 (FY21). In the fourth quarter (Q4) revenues also increased 23% year-on-year to $666m (£497.66m) and profit-after-tax hit $97m (£72.48m) in Q4, including $217m…
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24 February
Gousto finalises new share placing
Gousto has announced that following a successful primary fundraise in January, it has completed a $230m (£171m) secondary placement, led by SoftBank VF2 and introduces Fidelity International, Grosvenor Food and AgTech and Railpen to its share register. Following the recent announcement of a $100m (£74m) primary investment in a fundraise…
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24 February
Studio Retail appoints Teneo as administrators
Studio Retail, the online retailer, formally appointed Teneo as administrations last night to handle its collapse, according to The Times. Studio Retail’s request for a short-term £25m working capital loan has been rejected by its bank, HSBC, putting approximately 1,400 jobs at risk. The company, formerly known as Findel, had…
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21 February
Wayfair strengthens technology leadership team
Wayfair Inc. has announced that Ashwin Rao has joined the company as chief science officer, and Niraj Nagrani as vice president of global supplier marketplace, pricing, catalogue and merchandising technologies. Both leaders will report to Wayfair’s incoming chief technology officer, Fiona Tan, and they join Wayfair’s bench of technologists across…
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21 February
Made.com CEO to step down
Made.com Group Plc has announced that Philippe Chainieux will step down from his role today as chief executive officer (CEO) of the group and its board for family reasons. Nicola Thompson, currently chief operating officer (COO) of the group, joins the board and will assume the position of Interim CEO…
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17 February
Amazon reaches Visa agreement
Amazon has announced it has reached an agreement with Visa that will see it continue to accept credit card payments at its stores and sites. In a statement sent to customers Amazon said: “We’ve recently reached a global agreement with Visa that allows all customers to continue using their Visa…
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17 February
Shopify sees soaring revenues but warns of slowed growth in FY22
Shopify has announced that Q4 revenue in 2021 soared by 41% to $1.4bn (£1bn) against 2020, but has warned that this growth may be softened in the coming year in the absence of an e-commerce boom. Gross merchandise volume was $54.1bn (£40bn) in the period, marking an increase of $12.9bn…
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