Online & Digital
The latest news, updates and analysis on the online and digital segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Feb- 2023 -6 February
Amazon to sublet UK warehouses as growth slows
Amazon is reportedly planning to sublet its empty warehouses across the UK, as it has continued to halt growth plans…
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3 February
Amazon profits halve despite strong holiday sales
Amazon’s full-year profits halved to $12.2bn (£9.9bn) in FY22, as international sales fell 8% year-on-year to $34.5bn (£28.1bn). This comes…
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Jan- 2023 -17 January
THG lowers profit guidance as it launches new strategy
THG has revealed it now expects its EBITDA to come in between £70m-£80m, down from £100m-130m, due to lower full-year…
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17 January
Ocado reveals Q4 revenues of £550m
Online retailer Ocado has announced revenues of £550m for 13 weeks ended 27 November 2022, an increase of 0.3% compared…
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13 January
Very retail sales up 2.2% over Christmas period
Very Group has announced that its retail sales increased by 2.2% compared with the trading period in 2021 for the…
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12 January
Asos revenues fail to climb over Christmas period
Asos has failed to capitalise on the festive season as revenues for the four months ended 31 December fell by…
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9 January
MusicMagpie agrees online deal with Walmart
MusicMagpie, a refurbished consumer technology and disc media retailer that operates in the UK and US, has made its refurbished…
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5 January
Amazon to axe 18,000 roles in bid to cut costs
Amazon has announced that it will axe over 18,000 roles across the group in a bid to cut costs following…
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Dec- 2022 -8 December
THG partners with Bynder for new digital asset management platform
THG Ingenuity, THG’s proprietary technology platform specialising in taking brands direct-to-consumers (DTC) globally has partnered with Bynder, a global leader…
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7 December
Moonpig lowers sales forecast ahead of uncertain Christmas
Greeting card retailer Moonpig has lowered its sales forecast for 2023 to £320m down from £350m in the half year…
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