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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May- 2024 -23 May
Temu owner sales rocket 131% in Q1
The owner of Temu, PDD Holdings, has welcomed a strong first quarter of trading as sales rocketed 131% to RMB86.8bn…
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22 May
Music Magpie trading in line with expectations amid takeover talks
Music Magpie has announced that its Q2 trading has been broadly in line with management’s expectations and has benefitted from…
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20 May
M&S website and app hit by technical issue
Marks and Spencer’s website and app was down for several hours on Saturday (18 May) due to technical issues, the…
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13 May
Shein accelerates London IPO preparations
Shein is reportedly ramping up its move towards a London IPO after its attempt to float in New York faced…
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10 May
Frasers ups stake in Boohoo to 23.1%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 23.1% as it continues investing in a number of…
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8 May
Amazon to create over 2000 jobs with new Northampton warehouse
Amazon has announced plans to build a new multi-million pound warehouse at the SEGRO Logistics Park Northampton, resulting in more…
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1 May
Amazon Q1 net sales jump 13% to $143.3bn
Amazon has revealed that its net sales rose 13% to $143.3bn (£114.7bn), up from $127.4bn (£102bn), for the three months…
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Apr- 2024 -30 April
Barclay family’s Abu Dhabi backers plan Very sale
The Barclay family’s Gulf-based backer Redbird IMI is reportedly planning a sale of Very Group as it seeks to unwind…
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22 April
Ocado shareholders call for switch to New York stock market
Ocado is reportedly facing pressure from shareholders to abandon the London stock exchange in favour of the New York market,…
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22 April
TikTok Shop launches new ‘Preowned Luxury’ category
TikTok has announced the launch of the ‘Preowned Luxury’ category on TikTok Shop, which will enable the community to browse…
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