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- 2019 -9 October
Toys R Us partners with Target to relaunch website
Collapsed toy retailer Toys R Us has relaunched online after its owner TruKids announced a partnership with American retail giant Target to help power its e-commerce offering. Target’s toy assortment, digital capabilities and fulfillment services allows Toys R Us to have an online presence as it prepares to launch a…
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Sep- 2019 -25 September
Boohoo revenues spike 43% in half-year results
Online clothing retailer Boohoo has seen its revenues skyrocket by 43% to £564.9m for the six months to 31 August 2019. This was a result of “strong momentum” across the business, driving revenue growth in all of its brands and in all key focus territories. The group added it is…
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24 September
Online retail sales drag in August
Retail sales in August saw low growth of just 3% year-on-year according to the latest IMRG Capgemini eRetail Sales Index, and comes after online sales slumped to its lowest ever July growth last month. According to the report, August’s result falls “well below” the five-year average of +9.6%, as well…
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5 September
Boohoo raises FY guidance after sales come in ‘ahead of expectations’
Online clothing retailer Boohoo has raised its full-year guidance after it reported sales for the first half of the year came in “ahead of expectations”. In a trading update Boohoo said that due to “strong” revenue growth driving operating leverage across its key brands it now anticipates group sales growth…
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Aug- 2019 -27 August
Shop Direct adds Topshop and Topman to its offering
Shop Direct, the digital retailer and financial services provider, has added Arcadia’s Topshop and Topman to its portfolio of more than 500 fashion brands. The business will also become the first UK retailer outside of the Arcadia Group to stock Topshop Beauty. Shop Direct’s retail brands Very.co.uk, Littlewoods.com and LittlewoodsIreland.ie…
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19 August
Ideal Shopping Direct wins ITV contract
Multi-channel retailer Ideal Shopping Direct has secured a deal to air its two flagship home shopping channel brands on ITV’s late night broadcasts. Ideal World and Create and Craft will make the move to the UK’s largest commercial channel, boosting viewing figures by five million people. The deal follows a…
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9 August
Farfetch acquires parent company of Virgil Abloh’s Off-White for £556m
Farfetch has acquired the New Guards Group, the parent company of luxury streetwear brand Off-White, in a £556m deal. The online luxury marketplace revealed that the consideration payable by Farfetch will be split equally between cash and Farfetch shares, with the exact amounts to be determined at completion following customary…
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7 August
Boohoo acquires Karen Millen and Coast putting 1,100 jobs at risk
Online fashion retailer Boohoo has acquired British brands Karen Millen and Coast, which were recently put up for sale by their owner Icelandic bank, Kaupthing. The group has acquired only the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions Limited and Karen Millen…
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6 August
Boohoo confirms offer for Karen Millen and Coast
Online retailer Boohoo has confirmed it has made an offer to acquire the online business of British brands Karen Millen and Coast, together with all associated intellectual property rights. The group believes that the online business of these brands would represent “highly complementary” additions to its scalable multi-brand platform and…
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5 August
M&S strategy director to lead Ocado Retail following deal completion
Ocado has completed the 50% sale of its Ocado Retail business to Marks and Spencer and has announced the appointment of Melanie Smith to lead the joint venture. Smith, currently the strategy director at Marks and Spencer, will become the CEO of Ocado Retail Limited and will be joined by…
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