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Online sales in the UK grew by 20% last year

Tuesday 07 July 2015 - Posted by Veebs Sabharwal

A report published today by Kantar Worldpanel shows that online sales in the UK have grown by 20% in the last year, ahead of a total market growth of 1%, revealing the opportunities for FMCG retailers to use this channel to drive sales. The report reveals that online FMCG sales accounted for 6% of the market in 2014, up from 5% in 2013. The report – “Accelerating the growth of e-commerce, 2...

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M&S clothing sales slip backward

Tuesday 07 July 2015 - Posted by Veebs Sabharwal

Just as M&S seems like it’s moving forward, its general merchandise category has forced it to take a step back. Sales from this division, which includes clothing and home furnishings, fell 0.4% in the last quarter. It’s almost a tale of two businesses for the British retailer, whose food category did “very well in a difficult market,” rising 0.3% in like-for-like sales. Marks and Spe...

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Asos sees retail sales soar 20%

Tuesday 07 July 2015 - Posted by Veebs Sabharwal

Asos are back. After a challenging 2015, the UK’s largest online-only fashion retailer has recorded a 20% increase in retail sales for the four months to 30 June, and its active customer base jumped 11% year on year - now at the 9.7m mark. By market this saw sales up 27% in the UK and 16% internationally which brings down the proportion of revenue generated by overseas trade down slightly f...

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How could the liberalisation of Sunday trading hours change the retail sector?

Tuesday 07 July 2015 - Posted by Editorial Assistant

When Chancellor George Osborne unveils the government’s new Budget on Wednesday July 8, the current restrictions on Sunday trading hours in England and Wales could be lifted, allowing shops to remain open and trading longer on Sundays. The current law only allows smaller shops to stay open all day, but restricts those over 280 sq m (3,000 sq ft) to six hours. The proposal will give elect...

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American Apparel’s new motto: “If it ain’t broke, don’t fix it”

Tuesday 07 July 2015 - Posted by Editorial Assistant

One year since CEO Dov Charney was ousted from American Apparel, the company he founded  has announced the next phase of its turnaround: doing what it does best. After racking up losses of $300m and flirting with bankruptcy since 2010, the new plan includes a redesigned fall merchandise line, around $30m in cost-cutting initiatives and key additions to its leadership team. Brand basics ...

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Contactless payment transactions pass the magical 1bn mark

Monday 06 July 2015 - Posted by Editorial Assistant

Visa Europe announced today that over 1bn contactless transactions have been made across Europe in the last 12 months, totalling more than €12.6bn (£89bn). In the UK, Worldpay revealed that it has processed over £2bn contactless payments since January 2012, and that the number of contactless transactions rose by more than 49% in the last six months (16.33m contactless transactions processed...

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Step aside Black Friday, meet Prime Day

Monday 06 July 2015 - Posted by Editorial Assistant

Next week, on the eve of its 20th birthday, ecommerce  giant Amazon is introducing Prime Day: a global shopping event promising to offer more deals than the legendary Black Friday event which started 90 years ago. Prime Day will be exclusive to Prime members in the US, UK, Spain, Japan, Italy, Germany, France, Canada and Austria. On July 15 new and existing members will find deals starting ...

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AO World to expand into new European markets

Monday 06 July 2015 - Posted by Veebs Sabharwal

White goods e-tailer AO World is poised to launch in Austria and the Netherlands, as part of ambitions to dominate every country in Europe. According to The Telegraph, both markets could be viewed as a logical extension to AO’s recently set-up German operations. The retailer launched in Germany late last year, its first operation outside the UK and Ireland. John Roberts, founder and chie...

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Sale of Wilko generates family £63m

Monday 06 July 2015 - Posted by Veebs Sabharwal

Half of the family behind the value retailer Wilkinson have pocketed £63m by selling out of the chain. After 85 years of running the company together, the Wilkinson family split last year and Karin Swann, the founder’s granddaughter and joint chairman, left the board. According to The Telegraph, Swann’s side of the family collected £63m from selling their holding in the company to the re...

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Superdry eyeing entry into China

Monday 06 July 2015 - Posted by Veebs Sabharwal

Supergroup, parent company of Superdry, is said to be closing in on a deal to take its Superdry brand to China. The group is in in talks with a joint venture partner about entering the country, reported The Sunday Times. Supergroup already amasses over 190 stores in Europe, and in March it took back a distribution licence in America from Sunrise Brands, irritated at a slower-than-wanted rat...

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