Shoppers spent an estimated £1 billion a week online with UK retailers during February, according to official figures out this week.
Almost a third of all online orders placed with UK retailers in January were for international delivery, according to the latest numbers from the IMRG.
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.
H&M has said that it saw a clear shift towards online and digital in its latest financial year, although it also it still made financial sense to continue to invest in stores.
In an example of the blending off and online experience, Alibaba is leading a bid to take a department store chain private. Alibaba has but in a bid of $2.6 billion for mall operator InTime as the Chinese ecommerce giant looks to expand onto the high street. Control of Intime will also allow the ecommerce… Read more »
Greggs announced it will be trialling its next day delivery service in London, as it credited a new burrito for a jump in its fourth quarter sales.
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.
Online purchases climbed by 6.7 per cent compared to 2015 but this fell well short of a forecast for 25 per cent.
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.
According to the BRC-KPMG Retail Sales Monitor October 2016, the UK has seen improved growth across all categories in online sales, in the best month since January 2016.