Peak retailing 2016: what UK retailers can learn from Singles Day

Last weekend’s Singles Day saw shoppers spend $17.8bn (£14.3bn) on Alibaba’s Chinese and international marketplaces – 24% ahead of the previous year. Mobile devices drove 82% of that figure, which represents the total gross merchandise volume (GMV) settled through Alipay on Alibaba’s marketplaces. At the time, Daniel Zhang, chief executive (more…)

Majestic Wine reaffirms multichannel path to £500m turnover target despite falling profits

Majestic Wine today reported growing first-half sales but falling profits, but said it remains on track to turn over £500m a year by 2019 through a strategy focused on becoming an international multichannel retailer. The wine merchant said its drive to boost customer loyalty through improved customer service was working, (more…)

Tesco positions itself on toy prices and across channels against newly-merged Sainsbury’s and Argos

Tesco today went head-to-head across channels with the newly enlarged Sainsbury’s group as it said it would match Christmas toy prices at Argos, now part of its rival grocer. Tesco , Britain’s biggest supermarket and a Leading retailer in IRUK Top500 research, said it would launch regular price-checking against Argos’ (more…)