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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Apr- 2025 -3 April
Moonpig to hit top-end of FY25 revenue guidance
Moonpig Group expects its revenues to be between £350m and £353m at year’s end on 30 April 2025, with a “stronger than expected” adjusted EBITDA margin, which will be at the top end of its 25% to 27% guidance range. The online retailer of greeting cards and gifts attributed its…
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Mar- 2025 -26 March
Virgin Wines targets £100m revenues through ‘turbocharging’ growth plan
Virgin Wines has unveiled plans to “turbocharge” its growth and deliver £100m in annual revenue over the next five years through a new growth strategy, whilst the group hailed a “resilient” performance in its H1 results. The plan, which aims to deliver this revenue growth at a 7% EBITDA margin,…
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25 March
AO raises full-year profit guidance amid LFL sales surge
AO has revealed that its adjusted profit-before-tax has grown in the region of 30%, and is expected to be around the top end of its previously upgraded guidance range of £39m to £44m for the year ended 31 March 2025. Alongside this, its B2C retail revenues are expected to increase…
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24 March
Frasers ups Asos stake amid takeover rumours
Frasers has raised its shareholding in online fashion retailer Asos to 25.13%, up from 24.21%, making it the second largest shareholder in the company. The move comes after Asos’ largest shareholder, Danish billionaire Anders Holch Povlsen’s company Bestseller, increased its stake to 28% fuelling talk of a private takeover of…
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21 March
Asos ups profit outlook amid strong margin gains
Asos has raised its profit outlook for the first half of the year despite its ongoing struggles with volume deleverage. The company stated that it expects a “significant” increase in profitability after it saw strong gross margin growth driven by lower markdown activity, an increased full-price mix, and continued cost…
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14 March
Deliveroo delivers FY profit for the first time
Deliveroo has reported hitting a profit of £3m for the year to December 2024, following a loss of £32m in the year prior. It comes as the restaurant and groceries delivery platform had “a good year of growth”, in which its gross transaction value jumped 6% and revenues rose by…
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14 March
Shein chair publicly confirms IPO plans
Shein executive chairman Donald Tang has confirmed that the fast-fashion giant has plans to float on the stock market for the first time, with the London Stock Exchange being the company’s target. In an interview with The Times, Tang said he wanted the company to “embrace the…accountability and transparency of…
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12 March
Sophie Ellis-Bextor partnership helps boost Freemans Q4 sales
Online department store Freemans has revealed its partnership with pop star Sophie Ellis-Bextor helped boost its sales 13% during the 13 weeks to 20 December 2024. It comes as its total fashion sales were up +5% and home and living category +18% over the same period. Meanwhile its Christmas sales,…
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6 March
Temu earns high marks from top German consumer watchdog
Temu, the online marketplace, has received strong endorsements for its quality, data security, and customer-friendly returns in a recent evaluation conducted by Stiftung Warentest, Germany’s leading consumer testing organisation. Stiftung Warentest, known for its rigorous and impartial assessments, awarded Temu a “good” rating for its data handling and shopping experience.…
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5 March
The Very Group announces the National Literary Trust as new charity partner
The Very Group has announced that the National Literary Trust will be its charity partner for the next three years. The National Literacy Trust is an independent charity which works with schools, communities and partners across the UK to empower children, young people and adults with the literacy skills they…
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