Latest online retail news – Page 14
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NewsNext delivers growth but budgets for profit drop next year
Next has delivered healthy growth in sales and pre-tax profits, but warned strong comparables in the first half would result in a decline in both metrics next year.
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NewsOcado sales and customer numbers rise but basket size falls
Online grocer Ocado Retail reported being “on track to restore sales momentum” after revenues climbed in its first quarter.
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NewsAsos expands health and beauty offer with new ranges
Asos has expanded its Face + Body range, exceeding more than 200 brands by the end of May as “viral trends and products drive demand”.
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NewsLevi’s trials AI-generated models to ‘increase diversity’
Fashion retailer Levi’s has announced it will trial the use of AI-generated models in a bid to “increase diversity of models that shoppers see”.
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NewsExclusive: Snap launches new augmented reality tools for retailers
Snap has unveiled its Augmented Reality Enterprises Services (ARES), a collection of digital tools designed to help businesses integrate Snap’s AR technology into their ecommerce channels.
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NewsTesco expands Whoosh rapid delivery to 1,000 stores
Tesco has expanded its Whoosh rapid delivery service to 1,000 stores, exceeding its rollout target by 25%.
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NewsAmazon strikes to continue as workers dismiss pay offer ‘insult’
Amazon workers in the UK are due to take further strike action after the ecommerce giant offered a 50p-an-hour increase in base pay for warehouse workers.
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NewseBay names new UK boss as Lambell takes global role
eBay has promoted Eve Williams from chief marketing officer to vice-president, general manager of its UK business.
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NewsJust Eat to axe nearly 1,900 jobs after post-lockdown sales slump
Takeaway platform Just Eat is set to slash 1,870 jobs in the UK following a slump in sales post-lockdown.
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NewsAmazon slashes an additional 9,000 jobs
Amazon is laying off 9,000 more employees, chief executive Andy Jassy revealed in a memo to staff.
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NewsTikTok Shop UK launches parent and baby product category
TikTok Shop UK has launched a parent and baby product category that features well-known UK brands.
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NewsDeliveroo on ‘path to profitability’ as losses narrow
Deliveroo made a nearly £300m loss last year but remains adamant that it is making “excellent progress on the path to profitability”.
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NewsExclusive: Chinese newcomer Miniso eyes Northern Ireland or Scotland as part of major UK expansion
Chinese lifestyle retailer Miniso is set to expand its store estate in Northern Ireland or Scotland as it aims to have 50 stores in the UK by 2025.
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NewsCo-op expands autonomous robot delivery service to new region
The Co-op is rolling out robots for autonomous grocery deliveries to residents in Sale, Greater Manchester.
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NewsH&M unveils first pre-loved store in US to drive sustainability
H&M has unveiled its first-ever pre-loved shopping experience for customers in the US, as it continues its sustainability efforts.
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NewsVirgin Wines profits wiped as Christmas trading impacted by operational issues
Virgin Wines profits and sales dropped in the first half, as the cost-of-living crisis exacerbated what the chief executive called “certain internal and operational challenges” over Christmas.
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NewsTesco suppliers to be charged extra fee for selling products online
Tesco has told its suppliers they will have to pay a new fulfilment fee when selling the grocer’s products online.
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NewsMango profits surge and turnover reaches record high
Mango has posted a strong full-year performance for 2022, as profits surged and turnover reached a record high for the fashion retailer.
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NewsMusic Magpie CEO focused on ‘buying, selling and renting more’ to improve profits
Music Magpie founder and chief executive Steve Oliver has said the company is focusing on “buying more, selling more and renting more” after reporting expected, albeit lacklustre, full-year results.
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NewsZalando sales and profits slow against ‘challenging economic backdrop’
Online fashion giant Zalando has said it will focus on growing its profitability this year after sales slowed against a “challenging economic backdrop” in 2022.