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 -7 June
Amazon Small Business Accelerator launches exporting bootcamps
Amazon has announced the first two exporting events in a series with the Department for International Trade providing startups, and small and medium-sized businesses with free advice to help them sell their products globally on Amazon’s stores and beyond. The events are part of Amazon Small Business Accelerator, a support…
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2 June
Amazon to become UK’s largest retailer by 2025, study finds
Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with UK sales expected to reach £77.1bn by 2025, according to a report from Edge by Ascential’s syndicated research arm, Edge Retail Insight. In 2020, Amazon UK’s total sales were £36.3bn, while Tesco’s sales were…
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1 June
Victorian Plumbing to float on AIM
Victorian Plumbing, an online retailer of bathroom products and accessories, has announced its intention to float on AIM, the submarket of the London Stock Exchange. Set to take place “on or around” 22 June 2021, the IPO represents a continuation of Victorian Plumbing’s growth trajectory. The group, which stocks over…
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May- 2021 -25 May
Made.com launches £1bn London IPO
Online furniture retailer Made.com has announced its expected intention to float on the London Stock Exchange for £1bn. Founded in the UK 11 years ago, the e-commerce retailer had already enlisted JP Morgan, Morgan Stanley, and Liberum this February to work on the plans for the IPO. The group had…
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25 May
Sosandar raises £5m in share in placing
Online womenswear brand Sosandar has revealed it has raised over £5m through an “oversubscribed” share offering. The AIM-listed company proposed placing on 24 May and which closed earlier this morning (25 May) of 26,190,210 new ordinary shares of 0.1p each which was conducted via an accelerated bookbuild at a price…
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21 May
Cox & Cox sales soar despite supply chain disruption
Online homeware retailer Cox and Cox has announced that its first quarter “proved a very strong period”, with net revenue soaring 167% in the period, while orders were up by 101% against the prior year. Now in its 20th year of trading, the group said it has started the year…
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19 May
Vestiaire Collective appoints VP of global marketing and branding
Vestiaire Collective has announced the appointment of Vanessa Masliah as VP of global marketing and branding. She will report to Clara Chappaz, chief business officer and will be based at the company’s Paris headquarters. Masliah brings 20 years of experience leading international marketing and communication for a number of businesses…
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19 May
Asos eyes Feelunique and Cult Beauty takeovers
Asos is reportedly eyeing a potential takeover of two major online beauty platforms in a bid to further expand into diversified markets. According to Sky News, the online retail giant is considering the move after Feelunique and Cult Beauty were put on the market by their present owners. Sources told…
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17 May
Amazon to create more than 10,000 new jobs
Amazon has announced that it will create more than 10,000 new permanent jobs in 2021, taking its total UK workforce to more than 55,000 people by the end of year. The online retailer revealed that it will also invest £10m over the space of three years to train up to…
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14 May
Cotton On launches UK e-commerce operation
Cotton On, an Australian fashion retailer, has expanded its global operations, launching digitally in the UK as of 13 May 2021. The brand will provide its “everyday essentials, perfect-fit denim and eco-friendly recycled swimwear” to the UK’s growing e-commerce fashion market. Owned by the Cotton On Group, the retailer’s sister…
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