Essential Retail News

Superdry reports continued online boost amid overall sales slump

Superdry reports continued online boost amid overall sales slump

Superdry reports a continued surge in online sales even as its store estate reopened, but has a pre-tax loss of £41.8 million in the year ended 25 April 2020.

Walmart 'tentatively agrees' to purchase stake in TikTok Global

Walmart 'tentatively agrees' to purchase stake in TikTok Global

Oracle and Walmart look set to take share of social media platform TikTok Global, which would settle questions about the future of the company in the US.

Retail sales grow for fourth consecutive month as online sustains

Retail sales grow for fourth consecutive month as online sustains

ONS figures for August show retail sales grew by 0.8% compared to July, while online remained strong despite more stores reopening.

Next sales plummet but CEO remains confident

Next sales plummet but CEO remains confident

Next reveals sales fell by 34% and pre-tax profit by 97% in the first half of 2020, but is "much better than we possibly could have hoped".

Co-op reports four-fold increase in online grocery orders

Co-op reports four-fold increase in online grocery orders

Co-op reveals a surge in its online platform during Covid-19, contributing to a 5.2% rise in food sales in the first half of 2020.

John Lewis stores' influence on online sales wanes, says White

John Lewis stores' influence on online sales wanes, says White

The John Lewis Partnership reports £580 million loss after exceptional items for the first half of its financial year, and explains new shopping dynamics impacting the business.

Bloom & Wild appoints first CTO as growth plans ratchet up

Bloom & Wild appoints first CTO as growth plans ratchet up

Bloom & Wild appoints Moo.com's technology leader, Marta Jasinska, as its first ever CTO.

AO staff run coding classes to boost children's IT skills

AO staff run coding classes to boost children's IT skills

AO staff provided coding classes to children in the north-west of England.

The Hut Group starts trading on LSE in biggest UK IPO since 2015

The Hut Group starts trading on LSE in biggest UK IPO since 2015

The Hut Group starts trading on the London Stock Exchange today with market capitalisation of £5.4 billion.

Ocado sees sales surge by over 50% prior to M&S switchover

Ocado sees sales surge by over 50% prior to M&S switchover

Ocado reports sales grew 52% in the 13 weeks to 30 August, and reveals baskets has increased substantially since the go-live of M&S products.

Avon enters payment partnership to offer integrated service

Avon enters payment partnership to offer integrated service

Avon partners with global payments platform APEXX to enable its representatives to select the most suitable payment method in different geographies.

Online grocery and supermarket sales remain strong in August

Online grocery and supermarket sales remain strong in August

New data from Kantar and Nielsen shows that online grocery shopping continued to surge in August, despite the Eat Out to Help Out scheme.