Amazon
This coverage examines Amazon’s operations, strategy, and influence within the UK retail market. Reporting highlights e-commerce growth, logistics and fulfilment, technology initiatives, financial results, product innovation, and leadership decisions. Focused on commercial impact and competitive dynamics, it offers insights for retail professionals navigating digital transformation and multi-channel competition.
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Oct- 2024 -23 OctoberNews-In-Brief
Today’s news in brief-23/10/24
Chancellor Rachel Reeves is reportedly considering imposing higher taxes on Amazon as part of a broader effort to support British high streets, which have been struggling to compete with online giants. The proposed measures could come after her upcoming autumn budget, which is expected to introduce tax hikes and spending…
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23 OctoberEconomy
M&S boss calls tax rises ‘the easy way out’ ahead of budget
M&S CEO Stuart Machin has accused chancellor Rachel Reeves of “taking the easy way out” amid reports she is considering a slew of tax increases in the budget. In an open letter written in The Times, Machin stated that he hoped reports of an increase in employer national insurance contributions…
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23 OctoberGovernment
Chancellor considers Amazon tax in bid to boost British high streets
Chancellor Rachel Reeves is reportedly mulling plans to impose higher taxes on Amazon as part of a shake up that aims to level the playing field between online giants and in-store retailers. According to The Telegraph, the chancellor is believed to be reviewing the business rates paid by companies like Amazon,…
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16 OctoberNews-In-Brief
Today’s news in brief-16/10/24
Inflation in the UK has dropped to 1.7% in September, marking its lowest level in over three years, down from 2.2% in August. This decline, driven largely by falling airfares and petrol prices, is below the Bank of England’s 2% target, which may result in pressure to lower interest rates.…
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16 OctoberComment
Deliveroo’s VP of Grocery and Retail on the Future of On-Demand Shopping
Suzy McClintock, the Vice President of Grocery and Retail at Deliveroo, has had a career marked by a series of unexpected turns and strategic moves. In a recent interview with Talking Shop, she opened up about her unconventional career path, the evolution of grocery and retail in the on-demand space,…
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16 OctoberNews
ProCook revenues rise by 8.8% to £17m in Q2
ProCook revenues increased 8.8% year-on-year to £17m in the second quarter of 2024, reflecting continued trading momentum and market “outperformance”. The kitchenware retailer’s like-for-like revenue grew by 4.7% with positive growth in both retail and ecommerce channels. Retail revenue increased 7.1% thanks to the fifth consecutive quarter of positive like-for-like…
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10 OctoberNews-In-Brief
Today’s news in brief-10/10/24
Asos has finalised the sale of Topshop and Topman to Heartland, a joint venture led by Bestseller, with Heartland acquiring a 75% stake for £135m while Asos retains 25%. This move follows Asos’ September decision to divest these brands amidst a business refinancing. Asos will retain design and distribution rights…
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10 OctoberOnline & Digital
Amazon launches new AI-powered tools for shoppers and drivers
Amazon has unveiled new AI-powered initiatives for both shoppers and delivery drivers, including the launch of AI Shopping Guides, product guides that will leverage AI for shopping guidance and product recommendations for customers.Alongside this, the retail giant has also unveiled new AI tech for Amazon delivery vans, with plans to…
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8 OctoberComment
The Changing Face of TV Commerce: Roku ad sales boss Mike Shaw
Mike Shaw, Director of International Ad Sales at Roku, is at the forefront of a digital revolution in how consumers experience TV and how businesses leverage it for advertising. Shaw’s career began during the collapse of the dot-com bubble, but rather than being daunted by the economic turbulence, it shaped…
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Sep- 2024 -27 SeptemberNews
Today’s news in brief-27/9/24
Amazon’s UK division has resumed paying corporation tax for the first time since 2020, ending a period of tax credits due to the conclusion of a government tax break. The company paid £18.7m in “current tax” on sales totaling £27bn last year. This move follows criticism over Amazon’s tax contributions…
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