Ocado has given more details of its plans to sell half of its Ocado Retail business to M&S as it asks for shareholder approval for the move at a general meeting to be held on May 20. It has also given an update on the fire that broke out at its Andover fulfilment centre on February 5 – and on what it means for the future of the retail business
With no repeat of last year’s Beast from the East snowstorms and a later Easter pushing back holiday spend, the online retail industry recorded growth of just +5% Year-on-Year (YoY) in March against a tough comparator last year.
Retail sales slowed in March as Brexit uncertainty deepened during the month, while at the same time shoppers continued their longer-term shift from buying in-store to online, British Retail Consortium (BRC) figures suggest
Thomas Cook said today it would close 21 stores, reducing its store estate to 566, as more of its business moves online. Last year, said the travel company, 64% of its UK bookings took place online, and ecommerce sales are growing by 30% a year
Next today set out how it sees its business changing in the longer term as sales continue their historic move from the store to online. The update came as the fashion-to-homewares retailer, ranked Leading in IRUK Top500 research, reported full-year figures.