Boohoo Group has leased a warehouse previously operated by Arcadia Group that it says will take it to the capacity it needs in order to expand its business to a £4bn annual turnover. The addition of the new site comes at a time when demand for warehousing is rising in the UK as online sales grow quickly.
Asos says it has benefited as UK and European shoppers shifted online during Covid-19 and the ’most disruptive period ever experienced in retail’, opting to buy the leisurewear that it sells. But it says low demand for the occasionwear that its customers in the US and the rest of the world tend to buy has meant its growth was ’more muted’ in those areas
Dunelm says strong online sales enabled it to limit its sales decline to 17% in the third quarter of its year, even though its shops were mostly shut. More than 90% of its sales took place online during that time, with fulfilment via both home delivery and click and collect from its stores. The homewares specialist says this shows the resilience of its multichannel model
Zilch, a London based start-up is hoping to redefine the burgeoning Buy Now, Pay Later (BNPL) market, with the launch of Tap and Pay-over-time, which will allow customers to pay over time anywhere in-store with a tap