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.
-
Mar- 2021 -9 March
M&S launches online business in 46 overseas markets
M&S has announced that its online international operations will expand to over 100 markets as it launches in 46 new countries, nearly doubling the number of international markets where it has a pureplay online presence. The expansion forms part of the group’s focus to “turbocharge” its online business under its…
Read More » -
5 March
MPs call on Boohoo to link bonuses to workers’ rights
Boohoo’s chairman, Mahmud Kamani has once again been called on by MPs to improve working conditions for its employees and operate in a more environmentally sustainable manner. The Environmental Audit Committee (EAC) has written to Kamani urging for the head to link its bonus scheme for senior executives -which is worth…
Read More » -
2 March
In The Style to float on AIM
In The Style (ITS) has confirmed its intention to float on AIM, a sub-market of the London Stock Exchange. The pure-play e-commerce fashion brand said that admission is expected to take place on 17 March, with investment bank Liberum Capital Limited acting as nominated adviser. ITS, which was founded in…
Read More » -
1 March
GFG welcomes first profitable year
Global Fashion Group (GFG) has announced its first adjusted EBITDA positive year for FY20 at €16.4m (£14.1m), its first profitable year, and an increase from the previous year’s loss of €37.1m (£32m), which was attributed to a “strong” fourth quarter. The company also saw gross profit in Q4 increase to…
Read More » -
Feb- 2021 -26 February
Made.com brings in bankers to develop £1bn stock market float
Made.com has reportedly hired three investment bankers to help develop a stock market flotation that would value the company at up to £1bn. According to Sky News, the online furniture store has onboarded JP Morgan, Morgan Stanley and Liberum to work on plans for an initial public offering which will…
Read More » -
25 February
Ebay announces support package for retail businesses
Ebay has announced a three-year multi-million pound support package for retail businesses owned by disadvantaged communities in the UK. The ‘Ebay for Change’ programme will set out to create jobs and opportunities in the retail sector, which has been hit hardest by the pandemic. The new venture, in partnership with…
Read More » -
25 February
Amazon tops annual list of global retailers with $1.63tn market cap
Amazon has topped the list of the top 25 global retailers with a £1.15bn ($1.63tn) market cap for the year ending 31 January 2020, according to data from TradingPlatforms.com. The online retailer has benefitted from the Covid-19 pandemic as consumers have shifted to buying products and services online. E-commerce site…
Read More » -
22 February
More than half of retailers are ‘resistant’ to digital progress
More than half of retail industry C-suite executives, directors and senior managers (51%) are “resistant” to digital progress, according to a new survey by Sigma Dynamics. The firm’s ‘Connected Enterprise’ report, commissioned in partnership with applied futurist Tom Cheesewright, revealed that retailers are skeptical about the benefits of implementing new…
Read More » -
22 February
Asos relaunches Topshop online following sale
Asos has officially relaunched Topshop on its website after acquiring the high street fashion retailer for £295m earlier this year from Sir Phillip Green’s Arcadia Group. On the online retail platform’s homepage, a message to consumers reads “Topshop is now a part of Asos”, reminding customers to “stay tuned” for…
Read More » -
18 February
Moonpig expects FY revenues to double amid Valentine’s boost
Moonpig has announced it expects revenues for the financial year ending 30 April 2021 to approximately double to £173m. The online retailer said it saw a “significant increase” in demand during the first half of the year, which has continued through Q3 with it recording its “strongest ever” trading week…
Read More »
