Boohoo this week said it was winning more customers, fast. In a year-end trading update, the online fashion retailer said it had turned over more than £109m in the year to February 28, 62% up on the same time last year. Adjusted EBITDA (earnings before interest, taxes and depreciation of (more…)
The ecommerce market is set to come under scrutiny from the new competition watchdog.
The Hut Group has bought Moo, which operates classified advertising portal Preloved.co.uk in a deal that is being seen as part of a trend towards consolidation in the sector. Advisor BCMS announced that the online retailing group had bought the 14-year-old company today. Preloved, founded by Ian Buzer, in 1997, (more…)
UK shoppers spent £678.8m a week online in February, according to official figures released today. That’s 12.4% more than at the same time last year. The Office for National Statistics (ONS) said in its February retail sales report, published this week, that 10.7% of all retail spending, excluding petrol, took (more…)
Internet Retailing this week named the UK’s top 500 multichannel and purelay retailers in the new IRDX Top 500 Footprint 2014. The listing, published at Internet Retailing Expo 2014, reveals the country’s Top 100 retailers, from Amazon to Zara, as well as a following 400 retailers, which runs from organic (more…)
Four in 10 of Tui Travel‘s winter holidays were sold online in 2013/14, five percentage points more than at the same time last year. Updating the market this week ahead of its closed period, the travel company, which trades in the UK through First Choice and Thomson shops and websites, (more…)
Laura Ashley today said ecommerce would continue to be one of its top priorities in the year ahead. The multichannel fashion and homewares retailer this week unveiled pre-tax profits of £20.5m in the year to January 25, up by 2% compared to the same time last year. But when exceptional (more…)
Robert Dyas has launched a new ecommerce platform as it scales to meet growing customer demand to shop online. The multichannel homewares specialist has opted for a Magento Enterprise platform, in partnership with InventCommerce.
On demand print clothing business Spreadshirt turned over more than €70m in its latest financial year. The company, which trades in the UK as Spreadshirt.co.uk, saw orders grow by 12.7% and revenue by 10.4% in 2013, taking its total turnover to €71.87m. Some 3.3m products were shipped, and 15% of (more…)
Next is looking to improved delivery and international expansion to boost its highly-profitable online sales over the coming year. The measures are part of a five-pronged strategy for growth at the multichannel fashion retailer, which said as it released full-year results today that it will also develop the company’s brand, (more…)
Majestic Wine is setting up its own in-house ecommerce team as it looks to grow its online operations. At the same time it is investing in its data analytics capacity and in customer relationship management. The strategy of online growth runs alongside plans to increase store numbers to more than (more…)
ASOS revealed a successful start to the year in its trading statement today with 26% growth in year on year sales for the first two months of 2014. International growth of 29% led ASOS to the new high, said the company which is a global leader in discount fashion eCommerce. (more…)
Asos today reported sales up by a quarter in the first two months of its financial year. But markets took fright as chief executive Nick Robertson said that heavy investment in warehousing and the company’s business in China would hit profits. Its shares fell by 20% at one point but (more…)
Sainsbury’s today said that growth in its online groceries business had slowed in the short-term, as it also reported a 1.5% fall in total sales that bucks a 36-month upwards trend. Total sales in the fourth quarter of its financial year fell by 1.5%, or 1% excluding fuel, while like-for-like (more…)
Arcadia Group has opted for new technology as it looks to improve the way it manages its multichannel supply chain both in the UK and around the world. The owner of brands from Topshop and Topman to Dorothy Perkins and Miss Selfridge is to use selected supply chain commerce solutions (more…)
British retailers are set to ring up online sales of £45 billion in 2014, a new study has forecast. International research from RetailMeNot and the Centre for Retail Research projects that online sales will grow by 16% in the UK, with the average shopper expected to spend more than £1,000 (more…)
Online sales grew by almost a fifth in February as wet weather kept shoppers at home, according to the latest IMRG figures. The IMRG Capgemini e-Retail Sales Index found that UK online shoppers spent £7.2bn in February, 18% ahead of the same month last year. At the same time, m-retail (more…)
Morrisons today said its new online grocery delivery service was “performing ahead of plan,” as it set out plans to move out of “non-core” activities including nursery retailer Kiddicare and US online grocer Fresh Direct, the companies it bought in order to learn about multichannel.
The Morrisons effect helped push Ocado sales up by 22.6% to £227.5m in the Christmas quarter of its financial year. Its partnership with Morrisons , which sees it powering the fulfillment side of the multichannel supermarket’s online grocery service, made a significant contribution to the figures. When the Morrisons’ effect (more…)
Argos and Homebase owner Home Retail Group today unveiled strong sales in both the businesses over the last year.