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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Jan- 2022 -19 January
In the Style sales rise 22% over festive period
In the Style revealed it has delivered a period of strong growth over the festive period, with total net sales rising 21.5% to £11.2m, or 225.9% on a two-year basis in the run-up to Christmas. In the eight weeks to 31 December 2021, gross order value also increased 41.4% to…
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19 January
Sage acquires omnichannel retail system Brightpearl
Brightpearl, a cloud-native multichannel retail operating system for retailers and wholesalers, has been acquired by The Sage Group, a leader in accounting, financial, HR and payroll technology for small and mid-sized businesses. With the acquisition of Brightpearl, based in Bristol, UK, and Austin, Texas, Sage said it “builds on its…
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18 January
ASOS set to boost UK economy by £3.8bn
Asos’ UK GDP contribution will increase by £2bn to £3.8bn in the next three to four years, with plans to reach £7bn turnover which will reportedly “further boost” the company’s impact in the UK, according to its first Economic Impact report. According to the research, conducted by Oxford Economics, Asos’…
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17 January
Amazon scraps upcoming Visa credit card ban
Amazon has reportedly announced it will continue to accept Visa credit cards in the UK in a bid to resolve a payment dispute between Amazon and Visa, according to Sky News. Previously, Amazon announced it will no longer accept Visa credit cards as a payment method in the UK from…
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14 January
Currys lowers profit expectations to £155m amid 10% drop in sales
Currys has lowered its full year pre-tax profit expectations from £160m to £155m following a 10% drop in sales in the 10 weeks ending 8 January 2022, as a result of “unven” consumer demand and supply disruptions. In the UK and Ireland (UK&I), like-for-like revenues in the quarter decreased by…
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11 January
The Very Group appoints non-executive chair
The Very Group has appointed Dirk Van den Berghe, former Walmart executive vice president and regional chief executive for Asia, as its non-executive chair. In his most recent executive roles with Walmart, Berghe was responsible for Walmart’s business in Canada, China, India and Japan. He also oversaw Walmart Global Sourcing,…
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10 January
THG hands FCA dossier on ‘irregular’ trading claims
THG has reportedly handed over a dossier to the financial watchdog the FCA which it hopes will prove that it experienced a coordinated attack on its share price. According to The Times, THG has passed over data that it believes indicates irregular stock market trading and short-selling. The paper also…
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10 January
Digital fashion sales fall back in December
Both digital fashion sales and web traffic fell back in December, falling -35% and -121% month-on-month, according to data from True Fit. This dip, True Fit said, “could have been caused by consumers buying early, having already made digital fashion purchases during Black Friday, or were due to shoppers holding…
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Dec- 2021 -20 December
Amazon partners with Barclays to launch ‘buy now, pay later’ service
Amazon has announced its partnership with Barclays to enable UK customers to have access to a new, flexible payment method. It revealed customers will have “greater flexibility” to pay for their purchases, with financing options available on terms between 3 – 48 months. Customers will find their reusable credit account…
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17 December
Online retailers expected to send 95% more orders this week
Online stores are preparing themselves for the next 10 days of shipping, with retailers expected to send up to 95% more parcels compared to the average shopping week, according to data produced by Sendcloud. It revealed that consumers are most likely to shop for Christmas gifts online 10 days before…
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