Tag: news

May 4, 2023

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 […]

May 3, 2023

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 […]

April 19, 2023

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 […]

April 19, 2023

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 […]

April 14, 2023

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 […]

April 7, 2023

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 […]

April 4, 2023

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 […]

April 4, 2023

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 […]

April 3, 2023

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 […]

March 22, 2023

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, […]

March 20, 2023

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 […]

March 20, 2023

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 […]

March 8, 2023

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 […]

March 7, 2023

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 […]

March 3, 2023

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, […]

March 2, 2023

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 […]

February 23, 2023

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 […]

February 16, 2023

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 […]

February 15, 2023

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 […]

February 15, 2023

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 […]