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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Sep- 2018 -17 September
Boohoo appoints Primark COO John Lyttle as its new CEO
Online fashion retailer Boohoo has appointed current Primark COO John Lyttle to become its new CEO with effect from 15 March 2019. According to the group Lyttle’s appointment is a “key constituent” of the group’s positioning for its next stage of growth and will be accompanied by a number of…
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12 September
Game reprimanded by ASA for ‘misleading’ advert
Game has been reprimanded by the Advertising Standards Authority (ASA) after a complainant claimed an advert suggested the company only accepted trade-ins depending on the age of a game. The advert showed a man handing down a game to his son whilst telling him the history behind his ownership of…
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11 September
Amazon Prime users set to more than double in the next decade
Analysts predict the number of Amazon Prime subscribers will more than double in the next decade rising from 101 million at the end of 2017 up to 275 million. Citigroup analysts say “Prime members are growing 35% to 40% per annum” with analyst Mark May raising his 12 month price…
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7 September
Booksellers Association tells Amazon to ‘pay a proper share of taxation’
The Booksellers Association (BA) has called for Amazon and other online retailers to be given a taxation overhaul, after it claimed “bookshops have closed because of Amazon”. MPs were warned by the association that Amazon was “putting numerous competitors out of business” and demanded “large scale internet retailers pay a…
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6 September
Amazon will account for 5% of global retail, say analysts
Analysts have said they expect Amazon to account for 5% of the global retail market in the near future. The online retailer currently has a market capitalisation of 1.5% however it is nearing a $1bn valuation. Amazon’s importance in the global retail market has led to the Office for National…
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5 September
Electric bikes speed up Halfords sales
Halfords has announced that increased demand for electric bikes has helped the company to achieve a like-for-like sales increase of 2.8% over the 20 weeks leading up to 17 August. Shares rose by 7% this morning following the announcement, bringing the car part retailer’s total value up £653m. The figures…
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5 September
Inditex to sell all its brands online worldwide by 2020
Inditex, the Spanish parent company behind brands such as Zara and Pull&Bear, has announced that it will sell products from all of its brands online around the world by 2020, even in countries where it doesn’t have stores. Pablo Isla, Inditex chairman and CEO, made the announcement during a…
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3 September
Eve Sleep appoints former Moonpig boss as new CEO
Online mattress retailer Eve Sleep has announced the appointment of James Sturrock as chief executive officer with effect from 10 September 2018. The company has also appointed Nikki Crumpton to the board as senior independent non-executive director with immediate effect, replacing Peter Hepworth who has decided to step down from…
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Aug- 2018 -31 August
The Cotswold Company appoints former HMV CEO as chairman
True, European retail and consumer sector specialist investor, has appointed Ian Topping as chairman of online furniture retailer, The Cotswold Company. Topping will work alongside the management team in driving the strategy and continued growth of the business. Topping will be resigning from his current role as chief executive at…
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29 August
YNAP to launch first own-brand footwear collection
Yoox-Net-A-Porter Group (YNAP) has announced that its own-brand label for mens fashion, Mr P., which will launch this September alongside the brand’s first foray into footwear and accessories. YNAP said the Mr P.’s footwear line will provide a range of designs that form the “building blocks of every man’s…
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