The UK’s online pandemic winners are losing their lustre thanks to shoppers returning to stores, surging costs, and supply issues.
Just this week, Eve Sleep, which saw soaring demand during the pandemic, collapsed into administration after its rescue efforts failed, while Made.com, which recently culled a third of its workforce, is desperately seeking a buyer following a failed fundraising.
The travails of many online players have resulted in plunging share prices across the sector, which have wiped millions off the value of businesses that just a year or two ago were soaring.
Retail Gazette looks at how the UK’s biggest online retailers have performed over the last year, in terms of sales, profits and share price.
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