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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Feb- 2021 -8 February
Retail sales fall 10% in January
Total like-for-like retail sales declined by 10% in January as both the national lockdown and impact of Covid-19 affected shops across England, according to BDO’s High Street Sales Tracker. It found that lifestyle total like-for-like sales fell to 16.7% in January. This month’s result reportedly marked “the worst” since June…
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8 February
Boohoo snaps up remaining Arcadia brands
Boohoo has confirmed that it has acquired the remaining brands from fallen retail empire Arcadia, in a move that will see the Burton, Dorothy Perkins and Wallis brands added to the online retailer’s portfolio. Following a £25.2m transaction, the group will acquire all of the e-commerce and digital assets of…
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8 February
Amazon’s tax to turnover ratio dropped to 0.37% in 2020
Amazon saw its tax to turnover ratio fall to 0.37% last year, despite sales rising by more than 51% in the UK. In comparison, the Centre for Retail Research reported bricks-and-mortar retailers paid around 2.3% of annual retail sales overall in business rates. The online retailer’s sales for 2020, ending…
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5 February
ManoMano doubles sales volume to over £1bn
ManoMano, an online DIY marketplace, saw its global business volume climb to £1.05bn last year, with its UK sales tripling to £105m. As a result of the spike in company-wide revenues, which more than doubled, the group is targeting an expansion strategy across Northern Europe. According to Christian Raisson, co-founder…
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5 February
Amazon launches 1,000 apprenticeships across UK
Amazon has announced it is set to create 1,000 apprenticeship roles in the UK this year, as it continues to invest in its UK operations. The full-time roles will be offered across 25 different schemes in order to match a diverse range of skillsets and ambitions, including automation engineering, broadcast…
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3 February
OnBuy January sales surge 800%
OnBuy.com, an online retail marketplace, has reported an 800% year-on-year growth in sales for the month of January. The surge in revenue, which surpassed January 2020’s results within the first three days of the year, will reportedly support the group’s intentions to launch an investment round. The company, which has…
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3 February
Jeff Bezos to step down as Amazon CEO
Amazon has announced that founder Jeff Bezos will step down from his role as CEO in Q3, and instead transition to the role of executive chair. Bezos will be succeeded by Amazon Web Services CEO Andy Jassy who has been with the company since 1997. The news follows Amazon’s latest…
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2 February
Moonpig valued at £1.2bn amid market debut
Moonpig has entered the London Stock Exchange with a market capitalisation of £1.2bn, following the successful pricing of its initial public offering at 350 pence per share. The flotation includes 5.7 million new shares issued to raise gross proceeds of approximately £20m, and 134.6 million existing shares sold by existing…
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2 February
Pentland Brands signs up 1,200 retailers for online service
Pentland Brands, the owner of brands such as Mitre and Speedo, has announced it has signed up over 1,200 retailers to its new online ordering service. The group has strengthened its B2B online offering through its retail platform, Pentland Connect. Retailers will now be able to order products from across…
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Jan- 2021 -26 January
US investor eyes Notonthehighstreet takeover
Great Hill Partners, a US-based investment company, is reportedly in “advanced talks” to buy the online personalised gifts retailer, Notonthehighstreet. According to Sky News, the investor, who already backs the online home furnishings firm Wayfair, will reportedly have to part ways with roughly £150m to complete the takeover. While it…
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