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 Sectorโs business journalists keep you in the picture.
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Jun- 2023 -20 June
Gear4music falls to ยฃ0.4m loss in FY23
Gear4music has reported a loss after tax of ยฃ0.4m for the full year ended 31 March 2023, despite its revenue…
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16 June
CMA clears Amazonโs acquisition of iRobot
The CMA has cleared Amazon’s $1.7bn (ยฃ1.3bn) purchase of iRobot, as the authority considered areas of potential concern, after the…
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15 June
Asos returns to profitability despite revenue drop
Online retailer Asos has announced that it has returned to profitability after its EBIT rose more than ยฃ20m year on…
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13 June
THGโs Ingenuity partners with PwC to boost digital commerce
THGโs complete commerce division, Ingenuity, has formed a strategic alliance with PwC to help its brands design, build and run…
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9 June
Frasers ups stake in Asos for second time in a week
Mike Ashleyโs Frasers Group has upped its stake in embattled online retailer Asos for the second time this week. Frasers…
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7 June
Frasers Group raises Asos stake
Mike Ashleyโs Frasers Group has increased its stake in online retailer Asos from 7.4% to 8.8% according to a shareholder…
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6 June
Taxpayer money spent on Amazon hits โrecord-breakingโ ยฃ222m
Taxpayer cash spent on Amazon hit a โrecord-breakingโ ยฃ222m last year, according to a new report commissioned by GMB Union.ย …
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6 June
N Brown profits plunge over 80% in FY23
N Brown has seen its pre-tax profit plummet by 82.6% to ยฃ7.5m in FY23, down from ยฃ43.1m the year before,…
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2 June
Amazon UK tax bill rises to ยฃ781m
Amazon has reportedly paid ยฃ781m of tax in the UK last year despite its main UK division having paid no…
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May- 2023 -18 May
Ebay to acquire AI fashion authenticator Certilogo
Ebay has signed a definitive agreement to acquire Certilogo, a provider of AI-powered apparel and fashion goods digital IDs and…
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