B&Q owner Kingfisher saw its third quarter results helped by another strong performance at Screwfix, but weakness in France continued, weighing on its performance.
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.
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.
The online giant said third quarter net sales hit $32.7 billion (£26.7 billion) in the three months to September 30 2016, 29 per cent ahead of the $25.4 billion (£20.7bn) reported a year earlier.
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 »
Simply Be and Jacamo parent company N Brown Group reported its business is moving steadily onto digital sales channels as it revealed that 68 per cent of sales now take place online, and seven in 10 visits came from a mobile device.
Revenue across the UK and Europe rises by 8.5 per cent to £131 million as sales perk up despite difficult trading conditions.
Tesco has outlined its plans to improve its customers’ experience across sales channels, as it reported a rise in sales but a 28 per cent drop in pre-tax profits in its half year results.
Bonmarche gave a trading update reporting the September heat had hit trading and may have an impact on full year profits.
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.
Kingsfisher Group, owner of both B&Q and Screwfix, reported its half year results with positive news on its digital transformation and group sales up 4.7 per cent.
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.