Latest online retail news – Page 6
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Very collaborates with Amazon Web Services to deliver generative AI
The Very Group has selected Amazon Web Services (AWS) to help transform and accelerate its shopping experience with generative AI.
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Boost in sales of toys and electricals as Black Friday footfall soars
Retailers have reported customers flocking for deals on toys and electricals ahead of Christmas as Black Friday footfall numbers surged across much of the country.
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TikTok Shop partners with Royal Mail
TikTok Shop has partnered with Royal Mail to roll out Click & Drop for merchants on the platform.
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AO upgrades profit guidance as it continues to deliver ‘profit and cash generation’
Electricals specialist AO has upgraded its full-year profit guidance after focusing on delivering “profit and cash generation”.
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Retail reliant on strong Black Friday after slow start to festive season
The retail sector is pinning its hopes on strong performance over the Black Friday weekend after a disappointing start to the festive trading season in terms of ecommerce performance.
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Poundland launches first-ever Black Friday event
Poundland has opened its first Black Friday event, with deals available both online and in stores.
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Exclusive: Secret Sales bolsters leadership team with new executives
Premium non-full-price marketplace Secret Sales has named Matalan executive Chris Lacey as chief digital officer and Alex Adamson as chief marketing officer, Retail Week can reveal.
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Amazon reveals it will sell cars online next year
Amazon has announced a strategic partnership with Hyundai to sell cars online in the US from next year.
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Vinted launches verification service for designer items
Online marketplace for secondhand fashion Vinted is launching its item verification service in the UK for designer items.
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Exclusive: Shopify adds TrueLayer’s payments app to platform
Open banking payments network TrueLayer has launched its new payments app on Shopify.
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Bensons for Beds back in black
Bensons for Beds has made a return to profitability after bedding in its transformation strategy.
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Retail sales slow as cautious consumers delay Christmas spending
UK retail sales growth slowed in October as households are putting off their Christmas shopping until they can “grab a bargain” over Black Friday, according to the BRC-KPMG Retail Sales Monitor.
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John Lewis ‘rewrites Black Friday rule book’
Department store group John Lewis has launched its Black Friday promotion earlier than usual to cater to customers shopping early for Christmas.
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Zalando revises guidance as it posts revenue decline
Online fashion giant Zalando has recorded a decrease in group revenue and is reviewing its guidance as it expects “continued pressure on demand” for the remainder of the financial year.
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Next juggernaut rolls on as it ups profit guidance
Fashion giant Next has increased its full-year profit guidance and reported an uptick in full-price sales.
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Asos losses deepen as it prioritises shift ‘back to fashion’
Embattled fashion retailer Asos has reported deepening losses and falling revenue, and unveiled plans for a strategic switch “back to fashion” in 2024.
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Fortnum & Mason back in EU for first time since Brexit
Luxury department store Fortnum & Mason has launched a dedicated EU website, enabling it once again to cater for customers in the trade bloc in the wake of post-Brexit challenges.
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Embattled Asos considers sale of Topshop
Online fashion specialist Asos is examining the possible sale of the Topshop brand, which it bought three years ago, as boss José Antonio Ramos Calamonte seeks to turn around the core business.
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Frasers offloads Missguided to Shein and eyes Wiggle deal
Frasers Group has sold Missguided’s intellectual property to online fast fashion giant Shein and flagged the potential for future collaboration between the pair.
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Amazon sales increase to beat analyst forecasts
Amazon performed better than anticipated with a sharp rise in sales and income in the third quarter to September 30.