Eric Fergusson, director of ecommerce at luxury department store Liberty London , looks ahead to a time in the near future when the company has a much greater ecommerce presence Liberty wants its online business to be “10 times bigger” than it is today. “Ecommerce has huge potential at Liberty, (more…)
Boohoo.com has unveiled plans to build a new automated warehouse that will give it the capacity to deliver sales of £3bn a year. The fast fashion retailer, a Top150 trader in IRUK Top500 research, plans to spend £150m over the next three years to build a 600,000 sq ft automated (more…)
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New Look reports online growth as consumers demand to ‘buy now, wear now’ – but overall falling sales
New Look this week reported a downturn in its overall sales despite healthy growth online as shoppers demand to “buy now, wear now”. The fast fashion retailer reported sales of £1.4bn in the year to March 25, 2.4% down on the same time last year. It said its own brand (more…)
Value footwear retailer Shoe Zone said mobile sales were making an important contribution to its multichannel strategy as it reported half-year revenues of £72.9m in the six months to April 1, down by 2.3% on the same time last year. Pre-tax profits of £0.3m were down by 84% from £1.9m (more…)
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AO World today reported full-year results, with revenues of £701.2m in the year to March 31, 17% up on the previous year, and pre-tax losses of £7m, up from a loss of £6.7m last time. Most of its turnover came from the UK – at £629.7m this was 12.7% up (more…)
Pets at Home today reported a 53% leap in ecommerce sales during its latest financial year. At the same time, overall revenues reached £834.2m in the 52 weeks to March 30 2017, up by 7.2% compared with the same period last year. Revenue from product sales reached £716.7m, 2.9% up (more…)
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Quiz is to sell its fast fashion womenswear via Zalando in a move that makes the German platform its biggest international online partner to date. The omnichannel brand says the move will help it to expand its international presence and its online offering. Quiz will sell a core selection of (more…)
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An ecommerce sales boost of 35% has helped SuperGroup, owner of the Superdry brand, to a 27.2% rise in sales in its latest financial year. Retail sales rose by 12.7% in the year to April 29, on a like-for-like basis that strips out the effect of store openings and closures. (more…)
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Gear4Music plans to become a leading online retailer of musical instruments and music equipment around the world from its headquarters in York, where it also has a showroom and distribution centre. Today the company, a Top150 retailer in IRUK Top500 research, reported sales of £56.1m in the year to February (more…)
Supermarkets Sainsbury’s and Morrisons had news on their multichannel strategies as they reported to investors this week. Here are the highlights. The Sainsbury’s figures and strategy Sainsbury’s this week reported on a financial year in which it bought Argos , and its revenue figures rose accordingly. Group sales, excluding VAT (more…)
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