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- 2021 -17 June
Victorian Plumbing market cap valued at £850m upon IPO
Victorian Plumbing, the online retailer of bathroom products and accessories, has revealed its market capitalisation upon admission to trading on AIM to be roughly £850m. The group has confirmed a conditional placing of 4,427,481 new ordinary shares and 109,122,138 existing ordinary shares, at a price of 262 pence per share.…
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16 June
Made.com debuts on stock market with £775.3m price offer
Made.com has confirmed its intention to float on the London Stock Exchange on 21 June 2021 with an offer price of £775.3m. The online furniture retailer first announced its plans to debut on the market last month with the latest announcement revealing that the IPO has been set at 200…
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15 June
Very recruits 30 young people via Gov’s Kickstart initiative
The Very Group has announced plans to create 30 new roles as part of the government’s Kickstart scheme to “improve opportunities” for young people at risk of “long-term unemployment”. The roles are open via JobCentre Plus to 16 to 24 year olds on Universal Credit. It aims to offer work…
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15 June
BNPL spending to reach $1trn by 2026
Global spending through buy-now-pay-later schemes is set to reach $995bn (£705bn) by 2026, up from $266bn (£188bn) in 2021, according to a new study from Juniper Research. The 274% growth will reportedly be fuelled by a “greater appetite” from users for credit to spread costs when purchasing, especially as the…
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14 June
UK auction house launches new online store
John Pye, the leading UK auction house, has announced the launch of its brand-new online store. The John Pye Luxury Shop will be part of the business’ new diversification model and will allow its customers to purchase “one-of-a-kind items” from luxury designers. Recently, the auctioneer expanded into Northern Ireland with…
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14 June
Amara appoints new COO
Amara, an interior online retailer, has announced that Mark Higgins has been appointed to the newly created position of chief operations officer (COO). Having spent 24 years at Charles Tyrwhitt, he has since been consulting for several businesses, helping build and develop operations, infrastructure and customer service. At his new…
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11 June
Naked Wines sees revenues soar 68%
Naked Wines has seen its revenues increase by 68% to £340.2m in the year ending 29 March 2021 – following a surge in new customers and sales. In a trading update, the pure play e-commerce wine retailer thanked an “accelerated shift” in online wine purchasing due to Covid-19 for the…
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10 June
CMA could investigate Amazon over data fears
The CMA is reportedly planning to launch a formal competition investigation into Amazon, following a similar investigation launched by the EU, according to the Financial Times. Three people familiar with the situation reportedly told the FT that the competition watchdog has been analysing the online giant “for months”, with particular…
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9 June
Toy retailer secures seven-figure funding package
A Manchester-based online children’s toy and games retailer has secured a seven-figure funding package from HSBC UK to support its expansion plans. Bargainmax.co.uk is planning to use the money to increase its product range and stock by over 60% in the next year. Currently, the toy brand offers over 2,500…
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7 June
Klarna launches UK shopping feature
Klarna, a global banking, payments, and shopping service provider, has launched a new shopping app. The shopping feature enables UK Klarna users to shop at any online store directly through the group’s app, regardless of whether they are a Klarna partner or not. Through Klarna’s “pay in three” service, customers…
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