Magento has just raised $250 million from Hillhouse, bringing the company’s valuation to a reported $700 million.
Next , often seen as a bellwether for the high street, warns on outlook for 2017 after sales fell in the run-up to Christmas as consumers curtailed spending on fashion and clothing.
Ocado, the online food retailer, has announced its plan to develop a 4G-based wireless protocol used to control the robots powering its new warehouses.
The company reported an increase in revenues and profit, although a warning from the chief executive about the impact of weak pound and difficult trading means there is a lot of work to do.
Lovehoney reported pre-tax profits up by 68 per cent in its latest financial year. This is in large part driven by the increasing mass-market appeal of the sex toys it sells online – led by its exclusive Fifty Shades Darker licensed ranges.
IBM recently released Project Intu, a software development platform that enables people to bring the Watson AI system into computer applications and even robotics. IBM’s goal for Project Intu is to make it easier for designers and developers to connect their projects to the Watson IoT Platform. IBM hopes to use the massive amounts of… Read more »
NowDiscover GmbH, a new content recommendation engine built to bridge the gap between video content and ecommerce and retail, has been officially launched.
Black Friday will be the biggest single online shopping day in the UK in the run up to Christmas – a period in which consumers will this year spend £24.3 billion online, forecasts new research. That total is 10 per cent ahead of the £21.8 billion spent last year according to the latest Adobe Digital… Read more »
Google is launching an interactive experience In fashion and home decoration, allowing consumers to ‘shop the look’.
Retail property group Hammerson has reported a rise in footfall across their UK destinations amid consumer uncertainty.
A third of all online orders in the month of the EU referendum were international deliveries, according to the latest IMRG figures, but the 2016 monthly increase in order value was reversed, down 13 per cent.
Mothercare reported growth online in its first quarter trading update, with UK online sales up 6.4 per cent, despite an overall slowdown in growth.