New research released by Nielsen this morning found online’s share of the UK grocery market increased by just one per cent in 2017. While online grocery sales in Britain rose by 4.6 per cent in 2017 to £6.6 billion (a third faster than in-store sales, which were up 3.4 per cent),...
Shares in Amazon rose in after-hours trading after it reported an all-star 43 per cent rise in first quarter sales to USD 51 billion (£36.65 billion). Amazon shares rose by as much as seven per cent and to a record high after the online retailing giant said profits for the period...
The Co-op has launched a new mobile website to enable food store staff to manage their shifts digitally. Following a successful trial involving hundreds of colleagues, the ‘Shifts’ technology has been rolled out across the organisation to allow all staff in-store to view which days they are working and how many...
The upcoming royal wedding is expected to generate £561 million in retail sales in the UK, as fashion sales thanks to “the Meghan effect” skyrocket. According to new research from IBISWorld sales of commemorative one-off objects like ceramics, stemware and coins will be the largest driver of sales, estimated to produce...
N Brown saw group revenue in the 52 weeks to March 3 rise 3.9 per cent to £922.2 million, thanks to strong gains by Simply Be, JD Williams and Jacamo. The retailer’s three ‘power brands’ all reported increases in revenue, with Simply Be up 16.3 per cent year-on-year, Jacamo rising 5.1...
Fast fashion retailer Boohoo posted a 97 per cent rise in group revenues to £579.8 million in the year to February 29, with strong growth across all of its markets. The pure-play retailer said revenues in the UK had nearly doubled, rising 95 per cent, with international up 99 per cent. Adjusted...
All eyes on Gucci as parent company Kering reported a 48.7 per cent rise in revenues for the luxury fashion brand. Revenues at Kering rose 36.5 per cent in the first three months of the year to EUR 3.11 billion (£2.72 billion) on a comparable basis. The results were led by Gucci,...
Amazon Prime members can now choose to have their packages delivered to the inside of their cars in an attempt to reduce theft of packages outside front doors. The online retail giant has launched the service across 37 cities in the US in partnership with General Motors and Volvo and will...
Australian department store Myer has appointed John King, the former House of Fraser head, as its new chief executive following an international search. He will succeed Richard Umbers who stepped down earlier this year. King was chief executive of House of Fraser from 2006 to 2014 when the company was sold to...
Last week’s mini-heatwave has provided a much-needed boost to the high street as shoppers flocked to stock up on sun cream and summer clothes. As temperatures leaped into the high 20’s, with Thursday marking the hottest April day for nearly 70 years, Waitrose reported a 400 per cent rise in sun...
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