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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Jun- 2019 -7 June
Boohoo faces Commons pressure over Usdaw meeting refusal
Online fashion retailer Boohoo, is coming under pressure from chairman of the Environmental Audit Committee MP Mary Creagh, as it again refused to meet for talks around its ethical trading standards. The Union of Shop, Distributive and Allied Workers (Usdaw) is the fifth largest trade union in the UK with…
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May- 2019 -29 May
MacKenzie Bezos to donate half of her $37bn fortune to charity
MacKenzie Bezos has announced she will donate half of her nearly $37bn (£29bn) fortune to charitable causes. It comes after the announcement of her divorce with Amazon founder Jeff Bezos in February of this year, after a 25-year marriage. In April Jeff agreed to an eye-watering divorce settlement of around…
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17 May
Amazon invests in Deliveroo
Deliveroo has announced it has received $575m (£450m) in investment from online retailer, Amazon. The investment makes Amazon the largest investor in Deliveroo’s shared funding round, which the app hopes will allow it to invest heavily in expanding the company’s tech team at its UK Headquarters, expand further to reach…
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16 May
Farfetch revenues jump 39% in Q1
Online fashion retailer Farfetch has reported a 39% increase in revenue for the first quarter of 2019 ending 31 March. Revenues increased by $48.4m (£3.7m year-over-year from $125.6m (97.8m) in first quarter 2018 to $174.1m (135.6m) in 2019. The increase was primarily driven by 43.2% growth in platform services revenue…
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14 May
Amazon partners with Next for click and collect service
Next and Amazon today announced Next’s participation in Amazon Counter – a new network of pick up points that allows customers to collect their Amazon orders in-store. Pick up from a Counter location at the fashion retailer is available from hundreds of stores across the UK and on millions of…
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10 May
Zavvi tells email list they have won tickets to Champions League final
Online retailer, Zavvi has told its entire email subscriber list that they have won two tickets to the Champions League final between Tottenham Hotspur and Liverpool. Zavvi said that “technical issues” meant that all of its customers subscribed to its emails had been told they had won an all expenses…
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2 May
N Brown swings to £57.5m loss in 2018
Online retailer N Brown Group has reported losses before tax of £57.5m for the year ending 2 March 2019, up from the loss of £16.2m recorded the previous year. According to the group, the statutory loss before tax reflects “exceptional costs”, largely relating to legacy issues. Additionally, group revenue decreased…
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1 May
The Hut Group acquires natural haircare brand Christophe Robin
The Hut Group (THG), has acquired the luxury natural haircare brand Christophe Robin. Established in Paris in 1999 by its namesake, celebrity colourist Christophe Robin, the brand aims to “emphasise a women’s natural beauty” by maintaining scalp health, nourishing hair and protecting colour. THG said the brand sits within an…
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Apr- 2019 -26 April
Shop Direct protects 200 jobs with Raven Mill deal
Shop Direct has transferred its returns activity at its Raven Mill site over to logistics company Clipper Logistics in a move which will see 200 jobs safeguarded. The logistics firm will operate on behalf of Shop Direct at the 215,000 square foot site near Oldham, Lancashire. Clipper Logistics will operate…
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26 April
Amazon’s profits double in record results
Amazon.com has posted record profits of $3.6bn (£2.8bn) – up from last year’s $1.6bn (£1.2bn) – for the 13 weeks ended March 31 2019. The online retail giant’s net sales increased 17% to $59.7bn (£46.2bn) in the first quarter, compared with $51bn ($39bn) in 2018. Despite its record results, the…
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