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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Jul- 2024 -25 July
Virgin Wines EBITDA hits £2.8m
Online wine retailer Virgin Wines UK has reported a 260% increase in EBITDA to £2.8m, with its profit-before-tax also expected…
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16 July
Ocado HY losses narrow to £154m
Ocado has revealed that its losses narrowed to £154m for the half year ended 2 June 2024, down from £290m…
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9 July
Naked Wines CFO to step down after securing new credit facility
Naked Wines has announced that CFO James Crawford will be stepping down in the autumn, following the finalisation of the…
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9 July
Over 3,000 Amazon staff to vote over union recognition
Workers at Amazon’s Coventry warehouse are set to vote in a “historic” trade union recognition ballot which will force Amazon…
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4 July
Bezos to sell over $4bn of Amazon shares
Amazon founder Jeff Bezos is planning to sell more than $4bn (£3.2bn) of his shares in the company, as the…
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1 July
Ann Summers to unveil lingerie-specific online marketplace
Ann Summers has announced that it will be unveiling an online marketplace – Knickerbox.com – on 16 July, founder Jacqueline…
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Jun- 2024 -28 June
Music Magpie revenues fall amidst competitive second-hand market
Music Magpie has reported a decline in group revenues from £61.9m to £53.8m for the six months ended 31 May…
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27 June
Moonpig sees FY sales and profits rise amid tech investments
Moonpig has seen both sales and profits rise in its full-year results, which the group has attributed to “extraordinary” customer…
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25 June
THG re-elects chair despite small shareholder revolt
THG has re-elected its chair Lord Charles Allen with just 9.25% voting against his re-election despite vocal opposition. Kelso Group,…
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24 June
Frasers acquires Coggles amid multi-year THG partnership
Frasers Group has announced it has agreed a multi-year partnership with THG which includes Frasers acquiring THG’s luxury brands business…
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