Amazon

Today’s news in brief-8/5/25

Next has increased its full-year profit guidance to £1.08bn, up £14m, following an 11.4% rise in Q1 full-price sales, outperforming its 6.5% forecast. The retailer attributed the £55m sales boost to warmer spring weather but cautioned that some demand may have been pulled forward from Q2. While retail sales surged,…

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What do supermarkets stand to gain from hosting parcel lockers?

Parcel lockers are everywhere now – outside supermarkets, in petrol stations, by train lines – and the numbers back this up. According to recent data from Statista, in 2023, 40% of UK adults used them. The year before, it was 30%. A decade ago, it was barely half of that.…

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Amazon launches Haul in the UK as it aims to rival Temu on prices

Amazon has launched its new Haul proposition in the UK, allowing customers to shop “ultra-low-priced” products across multiple categories including fashion, home, and lifestyle. Amazon Haul, which launched in the US last year, will offer customers thousands of products for £20 or less, with the majority under £10 and some…

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Today’s news in brief-28/4/25

Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain on the board as a non-executive director. Russell Colaco, the current CFO, will take over as CEO, bringing extensive international retail and investment banking experience. The move reflects EG Group’s…

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Why is Hilco Capital looking to acquire Lakeland?

British retail is no stranger to seeing a heritage brand acquired by a private equity firm. The latest name on that list seems to be family-owned homeware retailer Lakeland which is reportedly on the verge of being acquired by Hilco Capital. It was revealed in January that the company had…

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Deliveroo CEO set for £172m payout from DoorDash takeover deal

Deliveroo co-founder and chief executive Will Shu could receive a £172m payout if the board approves a £2.7bn bid deal from DoorDash, The Times has revealed. The UK delivery company announced on Friday (25 April) that it had received a takeover proposal from the larger American rival at a price…

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Chancellor mulls ending tariff-free import scheme to combat Chinese dumping

Chancellor Rachel Reeves is considering ending the Low Value Import scheme, which currently allows online retailers to bring goods worth up to £135 into the country without paying customs duties. The move comes as the UK prepares for an influx of Chinese companies dumping stock for cheap as a result…

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ProCook revenues jump 17.8% in Q4

ProCook has seen its total revenue increase by 17.8% to £15.5m during the 12 weeks ended 30 March 2025.  Retail revenue increased by 14.7% to £9.6m benefitting from like-for-like growth of 1.9% – the seventh consecutive quarter of positive like for like growth.  Meanwhile, e-commerce revenue increased by 23.4% to…

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Today’s news in brief-14/4/25

Currys CEO Alex Baldock has warned of a potential influx of Chinese products into UK and European markets, driven by Donald Trump’s tariffs on Chinese goods. Baldock and other retail executives, including Buy It Direct’s Nick Glynne, expressed concerns that Chinese manufacturers may redirect goods originally destined for the US…

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Currys CEO warns of ‘flood’ of Chinese products amid Trump tariffs

The head of Currys has warned that more Chinese products will “flood” the UK and Europe market through platforms like Temu, Shein and Amazon, following Donald Trump’s China tariffs and its effects on US trade.Alongside other retail executives, Alex Baldock warned that Chinese factories selling directly to marketplaces or platforms…

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