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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Mar- 2025 -5 March
The Very Group announces the National Literary Trust as new charity partner
The Very Group has announced that the National Literary Trust will be its charity partner for the next three years. The National Literacy Trust is an independent charity which works with schools, communities and partners across the UK to empower children, young people and adults with the literacy skills they…
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Feb- 2025 -27 February
Ocado to cut R&D roles as losses narrow
Ocado has revealed it is set to reduce its research and development (R&D) workforce both in the UK and globally as part of its effort to return to profitability. This comes despite the fact Ocado posted a pre-tax loss of £374.5m for the year ended 1 December 2024, a slight…
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25 February
Just Eat acquired by Prosus for €4.1bn
Global technology company Prosus has announced it has reached a conditional agreement to acquire Just Eat Takeaway for €4.1bn (£3.4bn) to create the fourth largest food delivery group globally. Prosus acquires Just Eat’s entire issued share capital for €20.30 (£16.8) per share via a recommended all-cash public offer on the…
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24 February
Shein profits falter ahead of planned London IPO
Shein’s profits reportedly dropped by 40% to $1bn (£791m) in 2024 as the online retailer suffered a difficult final quarter and battled competition from rival Temu, According to the Financial Times According to two people who spoke to the paper, sales for the full year increased by 19% to $38bn…
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20 February
Very Group HY profits rebound despite sales drop
The Very Group has returned to profitability posting a pre-tax profit of £6.1m for the 26 weeks ended 28 December 2024, despite a drop in sales. The company’s revenues saw a 4.5% decrease to £1.17bn during the period, with revenue for the Very UK brand down 3% to £1.02bn. Very…
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18 February
THG Studios appoints new senior vice president
Creative agency THG Studios has appointed Richard Aldiss as senior vice president, to spearhead growth. His appointment will see THG Studios build on its growth in 2024, which saw the agency craft campaigns for the likes of Toblerone, ASDA, Disney, and Sky Bet’s The Overlap, along with the launch of…
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11 February
Amazon to offer 1,000 new UK apprenticeships
Amazon has announced that it is to offer more than 1,000 new apprenticeships in the UK in 2025. The Amazon apprenticeship programme will offer a wide range of opportunities across the country in Amazon businesses including Amazon Web Services (AWS), Prime Video, and Amazon Devices and Services. Recruitment is now…
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6 February
EU Commission launches probe into Shein amid import crackdown
The European Commission has launched a probe into Shein as part of a crackdown against a flood of cheap e-commerce imports into the European Union. This follows last year’s influx of approximately 4.6 billion low-value consignments, i.e. goods valued at no more than €150 (£126), entering the EU market, amounting…
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5 February
Amazon reports fastest ever Prime delivery times in 2024
Amazon achieved its fastest delivery speeds ever for Prime members globally in 2024, and delivered more than nine billion items the same or next day. The retail giant said that it is delivering more “everyday essentials”, household and pantry items across health, beauty, baby, pet food and other categories. It…
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5 February
Very Group ends HSBC relationship after 10 years
The Very Group has cut ties with HSBC, the bank which ran its customer loan portfolio worth around £1.8bn, according to reports from The Times. The online retailer has instead handed over responsibility of the securitisation of its buy now, pay later offer, to Natwest. Very provides finance options for…
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