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Tag: news


News & Trends

Next sales edge lower as online performance weakens

May 4, 2023

Via: Charged

UK fashion retailer Next kept its annual profit guidance despite reporting a smaller decline in first-quarter sales than it expected. Full price sales slipped 0.7% in the 13 weeks to April 29, outperforming its guidance for a 2% fall. The […]


E-payment & Data Security, Tech

PayPal to invest in threat prevention developer

May 3, 2023

Via: Charged

PayPal is set to invest in threat prevention developer, Deep Instinct, which is the first organisation to apply deep learning to cybersecurity. PayPal Ventures joins existing investors which includes Black Rock, Chrysalis Investments, Millennium, Unbound, Untitled Investments, The Tudor Group […]


News & Trends

In pictures: How Nike, Starbucks, Adidas and Gucci are jumping into NFTs

April 19, 2023

Via: Charged

NFTs may seem very summer 2022 but spring has galvanised a host of major retail and fashion brands, which have launched NFTs as part of their wider Web3 and metaverse strategies. Charged Retail picks out seven brands that are pushing […]


News & Trends

Ecommerce companies dominated retail M&A transactions in 2022

April 19, 2023

Via: Charged

Ecommerce companies made up over half of the retail M&A transactions over the last year, as retail businesses continued to invest in their online brand presence, according to research by international law firm RPC. In all, there were 18 ecommerce […]


FMCG products, Retail Types

Amazon Fresh slashes prices of over 200 products to help customers save cash

April 14, 2023

Via: Charged

Amazon Fresh has dropped the prices of over 200 products across all 19 stores to support customers amid the cost-of-living crisis. The promotion dubbed Price Cut helps shoppers save up to 40% on everyday essentials from household brands, including favourites […]


Suppliers

Investment in direct-to-consumer delivery climbs 66%

April 7, 2023

Via: SCMR Editorial

Sixty-six percent of North American organizations across ecommerce, manufacturing, retail, transport/logistics supply chain and wholesale businesses say their investment in the direct-to-consumer (DTC) delivery model has increased since early 2020. In fact, 35% say it has increased significantly. By increasing […]


News & Trends

Apple to cut jobs in corporate retail teams

April 4, 2023

Via: Charged

Apple is cutting a small number of roles within its corporate retail teams in a streamlining effort. The layoffs relate to the tech giant’s development and preservation teams, Bloomberg said, citing people familiar with the matter. Although it’s currently unclear […]


E-commerce, Retail Types

Amazon to shut down Book Depository online store

April 4, 2023

Via: Charged

Amazon will close Gloucester-based online shop Book Depository at the end of April following staff reduction announcement. Book Depository was founded by Stuart Felton and a former Amazon employee Andrew Crawford and originally rivaled the tech giant. It focused on […]


Suppliers

The latest trends in third-party logistics providers

April 3, 2023

Via: SCMR Editorial

Armstrong & Associates, Inc. has released an expanded update to its best-selling report covering the various trends between third-party logistics providers (3PLs) and the customers they serve. “Co-managing the turbulence: Trends in 3PL/Customer relationships” features an analysis of over 8,400 […]


E-commerce, Retail Types

Nike’s digital sales jump by 20%

March 22, 2023

Via: Charged

Nike performed strongly in its third quarter ending February 28, 2023, with a 14% increase in revenue and 20% spike in digital sales. On a currency-neutral basis, online sales were up 24%, while direct sales increased by 22%. In total, […]


Stores

IKEA now uses 100 drones for inventory operations

March 20, 2023

Via: Charged

As part of IKEA’s technological expansion, Swedish retail giant has expanded its autonomous fleet to 100 drones across 16 locations in Belgium, Croatia, Slovenia, Germany, Italy, the Netherlands and Switzerland. The Netherlands-based IKEA franchising partner Ingka cooperated with a Zurich-based […]


E-payment & Data Security, Tech

Mastercard trials Digital ID for online shopping

March 20, 2023

Via: Charged

Mastercard has partnered with a New South Wales Government executive agency (NSW) and online liquor vendor Tipple in Australia to offer a smooth age verification process for customers shopping online. The new programme utilises Mastercard’s existing digital identity service, ID […]


E-commerce, Retail Types

THG launches buy now, pay later offering

March 8, 2023

Via: Charged

THG shoppers will now be able to spread the cost of online purchases after the firm inked a deal with digital credit company Newpay. Newpay has been fully integrated into the checkout and gives customers “seamless access to credit”. The […]


News & Trends

Online sales fell during February as total sales grew by less than level of inflation

March 7, 2023

Via: Charged

Online sales have fallen again in February, as total retail sales on the whole grew by less than the level of inflation. Shopper spending also slowed year-on-year. The proportion of sales taking place online was also down on the previous […]


E-payment & Data Security, Tech

Online shopping and auctions attract record number of fraud reports

March 3, 2023

Via: Charged

The number of fraud reports made to Action Fraud, Cifas and UK Finance climbed by 6.49% in the past 12 months, resulting in an increase in losses of £20 million. This is according to research by personal loan provider Fluro, […]


E-commerce, News & Trends

TikTok beats Youtube for social media-related shopping

March 2, 2023

Via: Charged

Twitter influencers are turning to TikTok for shopping, preferring it to other social media apps like Instagram and Snapchat, according to the latest study. The Social Media Analytics Platform of GlobalData, a data analytics company, analysed discussions related to shopping […]


E-commerce, Retail Types

67% of B2B buyers want to conduct business via avatars in the metaverse

February 23, 2023

Via: Charged

Some 67% of B2B buyers want to conduct their online buying via an avatar in the metaverse, demonstrating the appetite for experiences that fuse physical and digital interaction together, according to a new report by Wunderman Thompson. The research also […]


News & Trends

Instagram to wind down live shopping next month

February 16, 2023

Via: Charged

Instagram is set to wind down its live shopping feature next month, according to a post on its site. It comes as the latest instalment in a series of commerce-related retreats from Meta, following on from the removal of its […]


News & Trends

Secret Sales revenue rockets 70% in 2022

February 15, 2023

Via: Charged

Secret Sales top-line grew 70% last year making it “one of Europe’s fastest growing fashion ecommerce platforms”. The premium non-full price marketplace has expanded its total inventory by 125% year on year, which is now valued at £3bn. The good […]


E-commerce, Retail Types

Amazon loses the middle man as it looks to source directly from brands

February 15, 2023

Via: Charged

Amazon has informed its European vendors that it will now focus on sourcing its products on directly from brands instead of wholesalers, in an email seen by Retail Week. The US retail giant said it had reviewed the options before […]