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.
-
May- 2018 -23 May
500 Tesco jobs face the axe amid online ‘refocusing’
Tesco has announced plans to close its Tesco Direct website putting 500 jobs at risk. Tesco Direct’s headquarters and Milton Keynes distribution centre are to close on 9 July after the supermarket giant said the site was a “small, loss-making part of the business” that had “no route to profitability”.…
Read More » -
22 May
Adobe to acquire Magento Commerce for $1.7bn
Technology firm Adobe has entered into a definitive agreement to acquire Magento Commerce, an e-commerce platform, for $1.68bn (£1.24bn). According to the group the addition of the Magento Commerce Cloud will “enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B…
Read More » -
18 May
Online retail jumps 19% in April
UK online retail sales went from strength to strength in April, up 18.8% year-on-year (YoY) according to the latest figures. The IMRG Capgemini e-Retail Sales Index showed it was the highest YoY increase since November 2016, despite the dampening effect of Easter falling in March this year. There was a…
Read More » -
15 May
ASOS launches same-day delivery in Birmingham
Online fashion retailer ASOS has announced that ASOS Instant, its same day delivery option, is now available in Birmingham. The move follows successful launches in London, Leeds and Manchester over the past six months. ASOS Instant is available to customers with deliveries to selected Birmingham, London, Leeds and Manchester postcodes…
Read More » -
11 May
Smartphone purchases account for 54% of UK retail transactions, study finds
Retail purchases made on smartphones have seen a 66% increase in Q1 of 2018 compared to Q4 2017 according to marketing technology company Criteo’s Global Commerce Review. The research also showed that mobile devices accounted for over half (54%) of retail transactions in the UK. Shopping apps are helping to…
Read More » -
9 May
Zalando reports strong start to 2018 with revenue up 22%
Online fashion retailer Zalando has reported that in the first quarter of 2018 its revenue increased by 22 % to €1.96bn (£1.71bn). Zalando achieved adjusted EBIT of €0.4m (£349,931) and remained at breakeven. As a result the company confirmed its full-year guidance of revenue growth at 20-25% and an adjusted…
Read More » -
8 May
Amazon shareholders seek to dilute Bezos’ power
Amazon shareholders have submitted a shareholder resolution calling on the company to separate the role of CEO and chair of the board. The shareholders represented by SumOfUs, an international consumer group, want Amazon’s current billionaire CEO and founder Jeff Bezos to step down as chair of the board. Their request…
Read More » -
4 May
Over 500 jobs threatened as Virgin Media closes call centre
Virgin Media is set to cull over 500 jobs at a Swansea call centre as part of a shake up at the company. The call centre currently employs 792 people, with some staff moving to the Manchester branch. The broadband and telecoms firm is planning to cut the number of…
Read More » -
2 May
Ocado announces partnership with Swedish retailer ICA
Online supermarket Ocado has announced a partnership with Swedish grocery retailer ICA to allow use of Ocado’s smart platform services. The announcement saw shares in the online supermarket raise by 5%, and will see Ocado provide solutions for ICA’s online grocery service, including a new website supported by Ocado’s online…
Read More » -
1 May
Solid first-quarter growth for online retail orders
Online retail delivery order volumes were up 9.6% year-on-year in March, according to the latest data from the IMRG MetaPack UK Delivery Index. This completes what has been a solid first-quarter for online retail order volumes, with total growth for the quarter increasing by 12.5%, just short of the 13%…
Read More »
