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.
-
May- 2020 -27 May
UK online sales surge by more than 100% in May
UK online sales surged by 103% in the four weeks ended 16 May, according to new data from Nielsen. The consumer insights firm said this was a significant increase compared with the 6.6% sales growth in bricks-and-mortar stores, with online share of sales now accounting for 13% of all grocery…
Read More » -
20 May
Deliveroo expands partnership with Majestic Wines to 80 locations
Deliveroo and Majestic Wines has announced the expansion of its delivery partnership to cover 80 UK sites across the UK, alongside an expanded range on offer. Majestic Wines has unveiled a specially curated range of more than 50 wines, champagnes and spirits, available to order on the Deliveroo app. The…
Read More » -
14 May
Online retail sales soar to 10-year high amid Covid-19 crisis
Online sales growth surged to a 10-year high in April, up 23.8% year-on-year, amid the ongoing Covid-19 pandemic. That’s according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. According to the report, the spike in sales was “overwhelmingly” driven by…
Read More » -
12 May
AO expects full year revenues will be in line with expectations
Online electricals retailer AO World has said that it expects its full-year revenues and adjusted EBITDA to fall within the range of “analyst expectations”. The online retailer is aiming to release its preliminary results for the year ending 31 March in July this year, as it will expect to have…
Read More » -
6 May
Card Factory online sales soar over 250% amid UK lockdown
Cards and gifts retailer Card Factory has reported a 267.5% increase in online sales since the UK lock-down began in March. During the period the retailer said it recorded “significant growth” in visitors, conversion and sales. In response to this increased demand, and to support social distancing, the company has…
Read More » -
Apr- 2020 -29 April
Online sales reach 10% of all UK grocery spend amid Covid-19 lockdown
The share of all grocery sales made online reached 10% in the last four weeks ending 18 April 2020, according to new data from Nielsen. According to the data benchmarking firm, this is a rise from the 7.5% total recorded at the end of 2019, as UK shoppers opted to…
Read More » -
22 April
Boohoo reports 54% rise in pre-tax profits in FY results
Online fashion retailer Boohoo has reported a 54% rise in pre-tax profit to £92.2m compared with £59.9m last year. In its full year results ended 29 February 2020, Boohoo reported a 44% increase in revenues to £1.2bn compared with £857m in the same period in 2019. Gross profit increased by…
Read More » -
9 April
Naked Wines forecasts £200m rise in sales amid coronavirus pandemic
Wine specialist Naked Wines has reported “good momentum” in its performance as it forecasts a £200m rise in its full-year revenues amid the coronavirus pandemic. The company, which operates internationally, said it has seen “strong demand” for its products through its online channel and has invested aggressively in new customer…
Read More » -
8 April
Asos reports 25% drop in sales amid Covid-19 crisis
Online retailer Asos has reported a 25% decrease in group sales over past three weeks as the UK battles the Covid-19 pandemic, despite a 21% increase in revenues to £1.6bn in its half-year results. In the six months to 29 February 2020, Asos also reported a 21% increase in retail…
Read More » -
Mar- 2020 -31 March
Online sales see mixed result during first week of lockdown
During the first week of the new pandemic guidelines, online retail sales growth was down -2.2% year-on-year (YoY), according to the latest IMRG Capgemini Online Retail Index. Though fairly flat, IMRG said the result concealed a “much more tumultuous picture” at a category level. One of three standout categories, last…
Read More »
