While Ocado’s pre-tax profits were up 18 per cent to May 15, slowing growth in online and failure to agree an international tie-up meant analysts were disappointed.
Dixons Carphone chief executive has said the company expects to find “opportunities for additional growth” in the wake of Brexit as it announced a 17 per cent increase in profits.
Despite reporting an increase in profit, shares in Carpetright fell 16 per cent after the retailer warned Brexit could hit consumer confidence and exacerbate the already ‘more challenging’ trading conditions at the start of the year.
Pepper.com has analysed traffic data for its European platforms to compare how online shopping habits change during Euro 2016 football matches, compared to the same day of the week when a football match isn’t being played.
Tesco released its latest trading statement admitting that online sales growth had slowed in the first quarter of its financial year, compared to the same time last year. Like for like sales however continued to grow.
Tesco has announced an agreement to sell its Harris + Hoole coffee shops, less than four years after investing in the launch of the business and a few months after taking full control.
Debenhams released its latest trading updates with news of slow growth overall but an increase in ecommerce. Over 50 per cent of its online orders come from mobile devices, with online sales up by 7 per cent, up from under 50 per cent at its half year report.
Online retail delivery volumes were up 25.2 per cent year-on-year in May (10.4 per cent on April) according to the IMRG MetaPack UK Delivery Index, the strongest growth recorded so far this year by some distance.
Instagram has announced a major milestone, with news that over 500 million Instagram accounts have been created.
Twitter is continuing its investment in AI technology, with news that it has purchased Magic Pony Technology for a reported $150 million.
Menswear etailer The Idle Man has secured a further £1.4 million in funding and plans to use the money to accelerate its growth.
According to the IMRG Capgemini eRetail Sales Index, ecommerce grew by 17 per cent in May, compared to the same time last year. That’s the highest rise seen in the index since June 2015, and came as average basket values rose to £81 in the year-to-date from £78 in the equivalent period last year.