UK online retail sales were up +12 per cent year-on-year (YoY) in January, according to the latest figures from the IMRG Capgemini e-Retail Sales Index.
Online sales appear to have slowed in January, according to the latest figures from the British Retail Consortium (BRC).
Digital advertising received $17.6 billion in investment from US companies in Q3 2016, according to the IAB’s and PwC’s latest Internet Advertising Revenue announcement.
The Glasgow-based fast fashion retailer, which has opened 40 outlets in the last year, reported revenues of £87.4 million in the year to March 31 2016, up from £78.2 million at the same time last year.
Just Eat, which listed in 2014, has announced the purchase of its online takeaway rival Hungry House, in a deal worth up to £240 million. It is also buying Canada’s SkiptheDishes.
With the release of its Q3 figures, the world’s largest clothing retailer posted an 11 per cent rise in net sales to €16.4bn compared with the same period last year.
Carpetright has set out how it is making the customer experience more convenient across sales channels as it looks to cater for the needs of shoppers who want to research online before visiting a store to see the product for themselves.
IMRG, supported by SimilarWeb data, estimates that total spend on online retail sites on Black Friday 2016 was £1.23bn, a 12.2 per cent increase on the £1.1bn spent on the same day in 2015 but almost a quarter lower than its original forecast growth of 16 per cen
Dunelm has bought WorldStores and its subsidiaries Kiddicare and Achica for £8.5 million, in a deal set to double the size of its online business.
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.
In spite of the continuing economic uncertainty facing the UK online retail sales have been far stronger than anticipated so far in 2016, driven in a large part by mobile according to data from IMRG and Capgemini.
Revenue across the UK and Europe rises by 8.5 per cent to £131 million as sales perk up despite difficult trading conditions.