Pre-tax profits at Moss Bros rose 30 per cent to £3.7 million after the retail and suit hire company’s new strategy of appealing to a younger, more fashionable crowd appeared to pay off.
Inditex, owner of Zara, provided a trading update which said that the group now sells online to 39 markets after expanding ecommerce services to 11 new countries during the first half of its financial year.
According to its half year report, more than a quarter of French Connection sales were made online in the first half of its financial year – with half of ecommerce sales coming via mobile devices.
The IMRG Capgemini eRetail Sales Index has reported online sales growth of 16 per cent year-on-year (YoY) in August; equating to £9.8 billion online. Meanwhile smartphone penetration has reached a record high up 18 per cent YoY.
ohn Lewis Partnership reported sales of £5.3bn in the half-year to July 30. That’s 3.1 per cent ahead of the same period last year. Pre-tax profits before exceptional items came in at £82.4m, 14.8 per cent down on the same time last year.
Fashion retailer Next has posted a fall in half-year profits and hinted it may have to raise prices for the first time in six years thanks to the fall in the pound.
Google is launching an interactive experience In fashion and home decoration, allowing consumers to ‘shop the look’.
eBay is to start a new delivery service for small and medium sized eBay sellers that will make delivery of their sold items easier and much more competitive in a deal with Shutl.
What Amazon is doing with Dash is not cheap, but it is clever because its all about convenience. And the early adopters can help build the cost/benefit model, as a consumer rollout will need to see big changes to the price.
Joules has appointed a chief customer officer as part of a restructuring of its marketing and ecommerce teams as it looks to grow the business.
Shoppers could soon be able to redeem ultra-personalised coupons directly from their phones thanks to a trial being carried out for McCain Roasts at Asda.
Online sales have enjoyed the highest yearly growth rate since November 2014, when the UK’s first Black Friday caused the Index to surge. However much of the increase has been down to heavy discounting.