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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Aug- 2020 -25 August
M&S trials drive-through click and collect
Marks and Spencer has announced it has partnered with Doddle to trial a new click and collect drive-through service. As part of its Never the Same Again programme outlined at its full year results in May, Marks Spencer said it is “accelerating its transformation” with ambitions to create a store…
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20 August
Amazon and Morrisons launch delivery service
Amazon and Morrisons have stepped up their partnership with the online retailer now offering a full product service from the grocer. Following an installation of a Morrisons platform on its main site, Prime customers will now be able to do a full Morrisons food shop on Amazon.co.uk and receive free…
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13 August
Very Group to return to profit as revenues pass £2bn
The Very Group has forecasted a return to profits for the FY20 as it revealed annual group revenues passed £2bn for the first time. In a trading update for the full-year ending 30 June, the company said it saw a 65% increase in website visits driving “exceptional” retail sales growth…
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11 August
Zalando sees revenues rise 20%
Online fashion retailer Zalando has reported a 19.6% increase in revenues to €3.56bn (£3.2bn) in the first half of 2020, compared with €2.98bn (£2.68bn) in the same period last year. In this period, Zalando reported a 25.1% increase in group GMV to €4.72bn (£4.24bn), compared with €3.77bn (£3.38bn) in 2019.…
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5 August
CMA clears Amazon’s Deliveroo investment
The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially lessen competition”. Under the deal, Amazon will acquire 16% of Deliveroo as the lead investor in a $575m (£438m) funding, which was first announced last year. At that point the…
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4 August
AO to open new 115,000 sq ft warehouse
Online electricals retailer AO has expanded its logistic capabilities with the opening of a new 115,000 sq ft warehouse in Stafford. The new warehouse will also create 250 new roles with AO adding that the recruitment drive has been launched to manage the “sustained demand” created by customers turning to…
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3 August
Hobbycraft reports 200% increase in online sales amid lockdown
Hobbycraft has reported a 200% increase in like-for-like online sales in its FY results as it appears to have weathered the impact of the coronavirus. For the year ended 16 February 2020, the craft retailer reported an 8.9% increase in revenues to £193.6m. Adjusted EBITDA increased by 21.9% to £14.8m…
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Jul- 2020 -31 July
Amazon profits double despite Covid-19 impact
Amazon has reported a massive surge in profits for the second quarter of the year as it revealed that net income doubled from $2.6bn (£1.9bn) to $5.2bn (£3.9bn), despite the impact of Covid-19. It comes after it reported that net sales increased by 40% to $88.9bn (£67.6bn) in the second…
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24 July
Naked Wines chairman to step down
Naked Wines chairman, John Walden, has announced he will step down from the position. Walden has informed the board of his intention to step down as chairman of the group and leave the board after the Annual General Meeting (AGM) on 6 August due to “personal reasons”. Walden said: “It…
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23 July
Sales break expectations at Eve Sleep
Eve Sleep has announced that group revenue was “ahead” of expectations at £12.2m for the half-year period ended 30 June 2020. While this marked a decline from the £12.9m reported the year prior, the retailer noted that the second quarter of the year saw sales surge by 25%. In addition,…
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