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.
-
Feb- 2025 -4 February
Shein’s London float in danger as Trump tariffs target US tax loophole
Shein’s £50bn London IPO plans could be in danger after Donald Trump set his sights on closing a tax loophole that allows retailers like Shein to avoid tax charges in the US.Trump is set to scrap the ‘de minimis’ rule, which allows small packages worth less than $800 (£645) to…
Read More » -
3 February
Trouva halts trading as it explores sale of business
Online marketplace Trouva has halted trading while it explores the possibility of selling the business, Sky News has reported. According to Sky, the owner of Trouva Project J is now working with accountancy firm RSM to find a buyer. This would be the fourth sale for the business in less…
Read More » -
Jan- 2025 -29 January
Virgin Wines revenues rise 6.7% over Xmas season
Virgin Wines has reported that revenues rose by 6.7% year-on-year during the six-week period to 27 December 2024, as sales were 9% higher than the Christmas before – the highest level since the pandemic lockdowns. According to the online wine retailer, its performance over Christmas was underpinned by initiatives to…
Read More » -
14 January
Ocado retail revenues rise 17% amid boost in active customers
Ocado has revealed that its retail revenue rose 17.5% to £715.8m for the 13 weeks ended 1 December 2024. Alongside this, the joint venture between Ocado Group and M&S revealed that its active customers rose 12.1% to 1.12m. Ocado stated that it delivered another record-breaking Christmas, with its highest ever…
Read More » -
6 January
Shein to face Parliamentary Committee over labour practices
Fast-fashion retailer Shein is set to be brought before a Parliamentary Committee to be questioned over the rights of workers in its supply chain. According to reports from Reuters the firm hoping to list on the London Stock Exchange will be questioned alongside fellow Chinese firm Temu. The cross-party Business…
Read More » -
Dec- 2024 -19 December
Amazon to settle delivery driver dispute worth potential £140m
Amazon is reportedly preparing to settle a group claim from delivery drivers who claimed the retail giant deprived them of thousands of pounds in earnings.According to The Guardian, lawyers involved in the case said the settlements could cost Amazon a total of £140m. Drivers who deliver for the company through…
Read More » -
11 December
Zalando to acquire About You in €1.2bn deal
Zalando has announced its intention to submit a voluntary public offer to acquire up to 100% of German retailer About You Boutique’s share capital in a €1.2bn (£900m) deal. The deal will bring together two founder-led teams with “a strong cultural fit and complementary capabilities”. In turn, About You’s management…
Read More » -
10 December
Moonpig H1 revenues rise 3.8% to £158m
Moonpig has reported that revenues rose by 3.8% year-on-year to £158m for the six months to 31 October, thanks to double-digit growth at the greeting cards and gifts brand. The company’s adjusted EBITDA also inched up to £41.8m during the period from £41.4m in H1 FY24. Margin rates came in…
Read More » -
4 December
Evri and GMB sign pay deal to cover courier sickness payments
GMB Union and Evri have announced a new pay deal which will secure sickness payments for self-employed couriers. The deal, passed by more than 80%, will provide self-employed couriers with insurance-backed paid sick leave. Self-Employed plus (SE+) will also get festive support payments of up to £950, subsidised death, disability,…
Read More » -
2 December
Temu to shorten delivery times through expansion of UK suppliers
Temu has plans to increase the number of its UK-based suppliers as a way to speed up delivery times, which could see orders get completed within one business day, The Times has reported. This plan is part of the e-retailer’s “local” initiative, as it seeks to compete with British high…
Read More »
