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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Oct- 2020 -7 October
AO opens third warehouse in four months
Online electricals retailer AO is opening its third warehouse in four months. The Stoke-on-Trent site will add 275,000 square feet of warehouse space to their distribution portfolio. AO’s fifth warehouse in total will also create 120 new jobs in the Staffordshire area, part of the company’s nationwide recruitment drive of…
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7 October
Sosander continues sales momentum post-lockdown
Sosander has maintained trading momentum in its latest half-year of trading, according to its interim trading update for the six months ended 30 September. The Cheshire-based online retailer saw revenues rise following the lockdown period and the business revealed a 52% in turnover of £4.3m for the period. Sales momentum…
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5 October
Very Group appoints digital customer experience director
The Very Group has appointed Paul Hornby as the company’s digital customer service director. Hornby is set to rejoin the online retailer from Matalan in January 2021, having been Very’s head of Commerce and head of Transformation. In his new role, Hornby will work towards giving customers an accessible mobile…
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Sep- 2020 -30 September
Studio reveals strong autumn retail performance
Studio Retail Group has reported strong retail trading in the early weeks of its autumn season, with gifting and early Christmas ranges performing well. The company’s product sales have grown by 30% in the six weeks since the announcement of its full year results on 24 August. First half product…
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15 September
Ocado sales surge as it praises M&S switch
Online grocer Ocado has revealed it has reported a 52% surge in sales during the third quarter of the year, as it hailed the “successful switchover” to its M&S product range. For the 13 week period ending 30 August 2020, Ocado Retail recorded revenues of £587.3m as it said sales…
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10 September
Online sales soar at Dunelm
Dunelm pre-tax profit fell by 13.3% to £109m in the full-year ended 27 June 2020, while total sales were down by 3.9% in the period, reflecting the impact of Covid-19. Before the crisis hit, however, total sales increased by 6.8% in the eight months to February, supported by an 8.8%…
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3 September
Amazon creates 10,000 permanent UK jobs
Amazon has announced that 10,000 new permanent roles are being created across the UK, bringing its total full-time UK workforce to more than 40,000. The company has already added 3,000 permanent jobs across its fulfillment centres, sort centres and delivery stations. A further 7,000 new roles will be added by…
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Aug- 2020 -27 August
The Hut Group unveils £4.5bn IPO plan
Online retailer The Hut Group (THG) has confirmed its intention to launch a stock market flotation that values the company at around £4.5bn. The group plans to raise £920m through the sale which, according to Sky News, could lead to its founder Matthew Moulding receiving up to £700. It cites…
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26 August
Online returns hotspots revealed by Royal Mail
Royal Mail has revealed the areas in the UK where customers have returned the most amount of items from online orders from purchases made during lockdown. The group saw a 25% increase in returns traffic against last year, as consumers “reflected on some of their hastier purchases”. St Albans was…
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25 August
Studio Retail Group profits rise in full-year results
The Studio Retail Group (SRG) has hailed a strong year of growth after posting a 3.9% increase in adjusted operating profits for the period ended 27 March 2020. Total group revenue increased by 2.2% to £514.8m during the year and core net debt reduced by £5.6m to £51.8m. Studio, SRG’s…
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