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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Jul- 2018 -30 July
Shop Direct appoints new retail director and shuffles executive board
Online retailer Shop Direct, which owns Very.co.uk and Littlewoods.com, has appointed Sam Perkins as its new retail director, who aims to drive “increased customer-centricity”. The group has also reshaped its executive board bringing together its retail and product teams, with Perkins leading the new group. As part of these changes,…
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27 July
UK shoppers prefer to shop online, research suggests
Some 51% of UK consumers have said they prefer to shop online than in-store, research by ecommerce search and navigation specialists EmpathyBroker has suggests. Furthermore, over 55% also said that they were shopping more online this year compared to 2017. The research found that regular consumer shopped online on average…
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27 July
Amazon announces ‘record breaking’ profits for Q2
Amazon has announced that during its second quarter ending June 30, 2018, its net sales increased by almost 40% to £39.6bn. Amazon also announced that net income reached $2.5bn (£1.9bn) breaking the $2bn barrier for the first time. Operating income increased to $3bn, compared with operating income of $628m (£479m)…
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19 July
Amazon Prime Day crash drives shoppers elsewhere
Amazon Prime Day’s website issues produced a ‘halo effect’ for UK retailers, as online businesses saw a recorded a 13% uplift in sales on the day. While Amazon was experiencing technical difficulties with its website and boycotts over alleged poor treatment of its warehouse staff, the 17% increase in the…
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18 July
Hot weather and World Cup fever spurs online retail growth
UK online retail sales were up during June this year, as the hot weather and start of the FIFA World Cup spurred 16.9% year-on-year (YoY) growth in retail sales, according to the latest IMRG Capgemini e-Retail Sales Index. Both multichannel and online only retailers performed well, increasing 14.8% and 18.7%…
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17 July
Amazon Prime Day website crash ‘costs retailer over £75m’ in sales
The website crash experienced at the start of Amazon Prime Day has cost the online retailer over £75m in potential sales, according to sales aggregator site LovetheSales.com. Amazon suffered a number of outages during the event which took place on 16 July; the Prime Day landing page was reportedly not…
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17 July
Amazon Prime Day receives worldwide backlash
Amazon’s annual ‘Prime Day’ event saw a shaky start yesterday after worker strikes and a lengthy website crash resulted in a worldwide backlash. The sale, which began at 3pm on Monday 16 July and offers thousands of discounted items, immediately crashed the ecommerce giant’s website, which was down for 45…
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12 July
Asos sales jump 22% but full year may disappoint
Asos has posted a 22% increase in sales during the four months ending 30 June, yet warned that full-year sales growth will be at the “lower end” of expectations. The online fashion retailer said group revenue reached £823.9m with UK sales, which saw 23% growth, making up for a third…
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11 July
UK retailers ‘hijack’ Amazon Prime Day
UK retailers have attempted to ‘hijack’ Amazon Prime Day by offering discounts in the run up to the sale event. According to retail sales aggregator LovetheSales.com, 30% more discounted products are currently available to consumers than usual at this time of year. The company has suggested that this “unusual discounting”…
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10 July
Ocado reports £9m half-year loss amid heavy investment
British online supermarket, Ocado, has reported a £9m loss in its half-year financial results amid a period of heavy investment. For the six months ending 3 June 2018 the retailer made £9m loss, but total revenue increased by 12.1% year-on-year from £713.8m to £799.9m. The grocer says losses were due…
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