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- 2018 -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%…
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Apr- 2018 -30 April
New tool developed to match catalogue items with those in a warehouse
Microsoft has developed a new tool aimed at the retail industry, to identify items by rough images and match them with those in a catalogue. The ‘Image Segmentation Tool’ will allow companies to manage the large collections of images held by the retailers. Inventory management is a growing challenge in…
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27 April
Shoppers seek overseas ecommerce to combat Brexit prices
A third of UK online shoppers have chosen to buy from abroad according to a survey by online shopping community Pepper.com. Shoppers are thought to be looking overseas due to a rise in UK prices following the UK’s vote to leave the EU. The UK is much more loyal to…
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27 April
Amazon Q1 sales up 43% to £36.9bn
Amazon has reported a 43% increase in revenue for the first quarter of the year, totalling $51bn (£36.9bn). The online retail giant’s operating income increased 92% to $1.9bn (£1.3bn) compared with operating income of $1bn (£725m) in the first quarter of 2017. Amazon also announced that its net income had…
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26 April
N Brown Group posts revenues of £922m
Fashion retail group N Brown’s latest financial results show group revenue reached £922m for the full year, up 3.9% from the previous year. For the 52 weeks to 3 March the group’s boost in revenue was driven by strong performances from its three key brands, with a 16.9% increase in…
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25 April
Boohoo sales double in full year results
Online fashion retailer Boohoo has revealed a £579.8m increase in sales, up 97% for the year ending on 28 February 2018. The online pure-play group saw strong growth across its three major brands. Boohoo’s revenue increased by £374.1m, up by 32%, and sister company Pretty Little Thing saw revenue increase…
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25 April
Argos chastised by ASA over raising prices to include ‘free’ add-ons
The Advertising Standards Agency (ASA) has warned Argos after it was found raising prices to cover the cost of supposedly ‘free’ extras. The advert in question was for a Canon Powershot SX620 camera priced at £179.99, in which further text said the camera came with a free 16GB SD card…
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23 April
Record online retail sales growth in March
Online UK retail sales grew by 18.9% year-on-year (YoY) in March, as the high street reported the steepest year-on-year drop in footfall since 2010. Weekly analysis revealed growth doubled to 27% in the final week over Easter, increasing from 13% the previous week. Both clothing, and beer, wine and spirits…
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23 April
Yoox Net-A-Porter launches fine jewellery platform
Online fashion retailer Yoox Net-A-Porter (YNAP) has launched its first dedicated online destination for fine jewellery and luxury watches. The platform, part of the Net-A-Porter website, features a fine jewellery collection from more than 40 brands, including Piaget, Cartier, Pomellato, Tiffany & Co and Buccellati. Customers will also be able…
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23 April
Boohoo expected to report 95% sales increase
Boohoo is expected to report a 95% increase in sales when it publishes its full year results on Wednesday (25 April), the City has predicted. According to City AM, this will mean an increase of £574.6m with pre-tax profits at around £47m. Boohoo has heavily invested in its infrastructure with…
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