Online sales were up 16 per cent year on year, with £9.8 billion spent online in August 2016.
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.
The IMRG Capgemini eRetail Sales Index has reported online sales growth of 17 per cent year-on-year in June, despite other indicators of falling consumer confidence around the EU Referendum. The Index recorded a month-on-month growth rate of 2 per cent, similar to last year’s growth rate and building on an extremely strong May 2016, when the Index… Read more »
Sainsbury’s is set to step up online sales of its groceries in China following a successful trial on Alibaba, doubling the number of its products that are available on Alibaba’s Tmall Global online marketplace.
Online shoppers spent £944.3 million per week on UK retail websites in June, 14.1 per cent more than they did a year earlier, according to figures from the Office for National Statistics. Overall retail figures however fell 0.9 per cent.
Superdry parent company Supergroup reported full year results to 30 April 2016, with revenue up 21.3 per cent to £590.1 million and ecommerce responsible 23.1 per cent of that.
The percentage of online retail sales made through mobile devices (smartphones and tablets) fell in Q1 2016, according to the latest results from the IMRG Capgemini Quarterly Benchmark – the first time a decrease has been recorded since tracking started in 2010.
Halfords has reported that 12 per cent of sales are now made online. But 90 per cent of these are still collected in store. Halfords said these figures highlight the importance of its store network to its customer service.
Online deliveries rose by 10 per cent in April, with order values also on the up according to the IMRG. The increase, reported in the latest issue of the IMRG MetaPack UK Delivery Index, means that year-to-date growth comes in at 11.8 per cent – in line with IMRG predictions of 12 per cent growth… Read more »
Moss Bros has reported that ecommerce sales rose by 9.7 per cent in the opening quarter of its financial year. Online transactions accounted for 10.7 per cent of total sales in the period, thanks to investment in infrastructure. In its trading statement, issued prior to its AGM, the retailer said that both conversion rates and… Read more »
E-commerce is slowly chipping away at in-store sales, according to the latest research from HRC Advisory (HRC).
Argos-owner Home Retail Group has posted an annual pretax loss of £804 million, after being hit with a one-off £852 million ‘goodwill impairment charge’ linked to Sainsbury’s agreed takeover of Argos.