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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Jun- 2023 -2 June
Amazon UK tax bill rises to £781m
Amazon has reportedly paid £781m of tax in the UK last year despite its main UK division having paid no corporation tax for the second year in a row, according to The Guardian. The outlet revealed that Amazon UK Services, which accounts for over half of the retail giant’s UK…
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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 authentication. Certilogo’s platform uses digital technology to allow brands and designers to manage the lifecycle of their garments, while providing consumers a way to confirm authenticity, access reliable information about…
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17 May
One4all partners with Asos and Secret Sales
Multi-store gift card, One4all, has announced two new partnerships with global fashion retailer Asos and premium ecommerce marketplace, Secret Sales. As a result, Asos and Secret Sales now accept the gift card for all online purchases. The online retailers join the group’s catalogue of popular fashion brands including New Look,…
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12 May
THG terminates takeover talks
THG has announced that it has terminated takeover talks with Apollo Global Management as it believes Apollo has undervalued the business. The company which owns brands like Myprotein stated that there was “no longer any merit” in continuing talks with Apollo. Shares in the company increased by 40% following the…
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11 May
Amazon workers make formal bid for CAC recognition
The GMB union has submitted a bid for formal recognition to the Central Arbitration Committee (CAC) for its members at Amazon Coventry. The CAC, which regulates collective bargaining between workers and employers, will now consider the bid after a ten day opportunity for Amazon to resolve recognition ended. It is…
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11 May
Ebay launches Carbon Academy to help small businesses
Ebay has announced the launch of Carbon Academy to help small businesses to reduce their carbon footprint and accelerate their sustainability journey. The new programme is created in partnership with sustainability consultant ClimatePartner and aims to give guidance on how to reduce the carbon footprint in day to day operations.…
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10 May
Asos losses widen to £87m
Asos has revealed a loss before tax of £87.4m in its half-year results for the six months ended 28 February 2023. Furthermore, the company also posted an 8% drop in revenues down to £1.8bn from £2bn in the same period last year. The online retailer reported an adjusted EBIT loss…
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4 May
PDS Limited forms PDS Radius Brands following acquisition
Global fashion supply chain platform, PDS Limited, has revealed its majority acquisition of brand management and licensing business, The Radius Group, forming PDS Radius Brands as a division of PDS Limited. The acquisition follows the recent announcement of its formation of the Ted Baker Design Group (TDG) as a strategic…
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4 May
Virgin Wines sales to be lower than expected in FY23
Virgin Wines expects FY23 sales to be “slightly” lower than market expectations at around £60m, with the group’s underlying profit before tax to be in the region of £0.5m and £1m. This comes as the wine retailer experienced operational issues with its software, which affected the implementation of the new…
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3 May
AYBL To Grow: £30m athleisure brand saves 1,000s of hours with Inventory Planner
Key facts Shopify-powered women’s activewear brand that’s experienced 360% growth to reach a revenue of £30M Uses Inventory Planner to accurately forecast demand, automate and streamline purchasing and make data-driven decisions that support growth Impact: 100 hours a month reclaimed, three hires saved, excess stock eliminated and more “Inventory Planner…
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