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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Mar- 2020 -13 March
Amazon tells employees to work from home
Amazon has told all of its employees to work from home for the rest of March amid the coronavirus outbreak. Speaking to CNBC, the retail giant said it is now encouraging all employees who can work from home to do so, in order to enforce social distancing and “lessen the…
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Feb- 2020 -18 February
Amazon’s Jeff Bezos pledges $10bn to tackle climate change
Amazon boss Jeff Bezos, the world’s richest man, has pledged $10bn (£7.7bn) to help fight climate change. Taking to Instagram to announce the news, Bezos revealed he will be launching the ‘Bezos Earth Fund’ that will look help finance scientists, NGOs and activists in their work to “help save Earth”.…
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18 February
Amazon hit by 600 warehouse accidents in past three years, GMB claims
Amazon warehouses have been hit by more than 600 “serious injuries or near misses” in the past three years, a GMB investigation has found. According to the union, the figures are the result of Freedom of Information Act requests submitted by GMB to local authorities across the UK. GMB said…
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6 February
OnBuy secures £3m investment
OnBuy announced it has secured a £3m investment from VC fund Fuel Ventures after receiving “numerous investment offers”. The online retailer said the investment would “double” its workforce and sees the group expand into 20 countries, including the US, Canada and Australia by the end of the year. As well…
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Jan- 2020 -31 January
Amazon sales skyrocket over Christmas period
Amazon has announced a 21% increase in sales to $87.4bn (£66.5bn) for the three month period ended 31 December 2019. The e-commerce giant also reported that operating income increased to $3bn (£2.9bn) in Q4, compared with $3.8bn (£2.8bn) in the fourth quarter of 2018. Net income also increased to $3.3bn…
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29 January
N Brown strengthens executive management team
Online clothing and footwear retailer, N Brown, has announced that Sarah Welsh will be joining the company in the newly created role of retail CEO. Welsh will start on Monday 30 March 2020 and will report directly to group CEO, Steve Johnson. She will be responsible for all aspects of…
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24 January
December online retail sales surge 9.4%
UK online retail sales growth spiked by 9.4% year-on-year in December 2019, according to the latest IMRG Capgemini Online Retail Index. The report said online retail “defied” forecasts of poor turnouts during the festive season, with Q4 recording a growth rate of 11.3%. This was largely boosted by November’s peak…
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23 January
Asos sees 20% increase in group revenues
Online retailer Asos has reported a 20% increase in group revenues to £1.6bn, attributed to a “record” Black Friday and “strong” customer engagement activity. During the four month period ending 31 December 2019, Asos also saw its total retail sales increase by 20% to £1.7bn compared with £895m the previous…
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15 January
Very reports a 6.1% increase in revenues in the festive period
Online retailer Very has reported a 6.1% increase in revenues during the seven weeks to 27 December. The brand, which is operated by The Very Group, also reported sales growth across all four product categories, which included a 9.6% increase in sportswear, 5.7% increase in electricals, 1.4% increase in homeware…
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Dec- 2019 -18 December
400 jobs at risk as The Book People enters administration
The Book People has entered into administration, putting 400 jobs at risk. Toby Underwood and Zelf Hussain, of PWC, have now been appointed as joint administrators of the bookseller. According to PWC, the administration is a result of the “difficult” trading environment that the business has been experiencing, combined with…
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