Online fashion giant Asos has revealed that sales soared during the latest Covid-19 lockdown as high street stores remained closed.
Revenues at the retailer jumped 24% to £1.98 billion in the six months to the end of February, with pre-tax profits up 253% to £106.4 million.
The business said it benefited particularly from strong UK sales during the period – which...
Dunelm expects it will slightly outperform market expectations this financial year as it prepares for a Covid-19 rule change which will allow non-essential shops to open again next week.
The home furnishing company said it had been propped up by online sales in the last three months, and is on track to beat pre-tax profit forecasts, which analysts have set...
Deliveroo shares have climbed higher on their first day of full trading despite the start of a rider strike over worker rights.
The takeaway delivery operator saw shares increase by more than 3% to 290p in early trading on Wednesday, before edging back slightly.
It is the first day that retail investors have been able to trade shares in the business,...
UK retail footfall ticked higher last week as shoppers enjoyed warmer weather and moved closer to the reopening of non-essential shops and outdoor hospitality.
Figures from retail advisory firm Springboard showed that footfall across retail destinations rose by 8.5% from the previous week.
Shoppers particularly went to retail parks and high streets, which saw improvements of 9.7% and 9% respectively.
Meanwhile, it...
Avery Dennison has launched atma.io, a new digital venture from the global Fortune 500 company that bridges physical and digital worlds. atma.io is a connected product cloud: an end-to-end platform capable of creating, assigning and managing unique digital identities for every physical item in the world.
atma.io completely reimagines how supply chains operate, how brands connect with individual consumers, and how global...
OneStock, the leading omnichannel OMS software solution provider, is entering a new phase in its development, as it announces investment from leading European private equity firm, Silverfleet.
2020 marked a turning point for the European pioneer of stock unification and order orchestration solutions (OMS). With the rapid growth of ecommerce and growing demand for digital amongst shoppers, retailers have had...
When the pandemic first hit in 2020, the work-from-home shift happened organically for some domains like tech companies and creative agencies. But it came as a rude shock for traditional businesses like retail. While most retail stores moved to e-commerce to make up for the lost foot traffic, sending people to work from home was the bigger challenge.
Fortunately, most...
A host of retailers have confirmed reopening plans for April 12 as shoppers look forward to a return to bricks and mortar shopping after more than three months.
John Lewis outlined its plans for April 12 for its remaining 32 shops in England, which include customers finally being allowed to have their children’s feet measured for shoes and the reopening...
Demand for new cars grew by 11.5% last month compared with March 2020, new figures show.
Some 283,964 new cars were registered in the UK last month despite showrooms remaining shut due to coronavirus restrictions, the Society of Motor Manufacturers and Traders (SMMT) said.
The year-on-year increase was still 36.9% down on the average March total between 2010 and 2019.
Industry turnover...
Government-backed loans of up to £10 million are to be made available for companies that need support until the end of the year.
As announced in the Budget last month, Chancellor Rishi Sunak has opened the Treasury’s Recovery Loan Scheme to tide businesses over, with past Covid-19 lending schemes due to run out.
From Tuesday April 6, the new finance initiative...
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