Month: July 2016

Poq closes $4m venture round

Poq, the app ecommerce company, has raised $4 million (£3 million) from growth investor Beringea, alongside seed investors Seedcamp and Venrex.

Digital sales up 14 per cent in June while retail drops: ONS

Online shoppers spent £944.3 million per week on UK retail websites in June, 14.1 per cent more than they did a year earlier, according to figures from the Office for National Statistics. Overall retail figures however fell 0.9 per cent.

Sainsbury’s takeover of Argos approved

Sainsbury’ planned takeover of Argos has received clearance from the UK Competition and Markets Authority clears the way for Sainsbury’s to create a multichannel giant that has been suggested could rival Amazon in the UK.

Lyst partners with Klarna

Lyst, the online fashion marketplace, has partnered up with PayPal rival Klarna to streamline its mobile ecommerce payments.

Supergroup: sales up and multichannel key

Superdry parent company Supergroup reported full year results to 30 April 2016, with revenue up 21.3 per cent to £590.1 million and ecommerce responsible 23.1 per cent of that.

Asos and DPD launch Precise Delivery

DPD has launched an innovative service with ASOS, allowing the online fashion retailer’s customers to choose exactly when they would want their parcels to be delivered.