Company AGMs are usually, well, boring. Occasionally they’re love-ins (when the company concerned is hugely successful). Occasionally they’re snipe-fests (when shareholders are moaning about executive pay like at BP or yet another disappointing year and “not enough simple classics” like at M&S). But at other times they actually turn into something worthwhile with a) interesting…
Consumers may be nervous at the moment but they’re not holding back from spending online. How so? Well, UK e-sales continued their upwards trajectory in the run-up to and after the Brexit vote to give a17% monthly rise, according to the IMRG Capgemini eRetail Sales Index.
It may not have the same ring about it as Christmas, Mother’s Day or even Black Friday but Amazon Prime Day (let’s call it APD) has turned into the biggest thing to hit summertime shopping in, well, ever. The digital spending extravaganza saw some analysts estimating that Amazon saw sales close to $1bn on Tuesday,…
Burberry’s in the news at the moment. No, wait, Burberry’s always in the news. Just more so at the moment. So only a couple of days after announcing Christopher Bailey would step down as CEO, the company issued a trading update this morning that the news media is jumping all over. Newspaper and websites largely…
Good news from Asos today. The pureplay fashion e-tailer saw total sales rising 30%, or 26% currency-neutral to £514.6m in the four months to June 30, a slight acceleration from a still-enviable 25% currency-neutral rise in the 10 months to the end of June. Yippee.
Amazon is gong to spend even more money on growing its business in India, the company’s CEO Jeff Bezos has announced. That’s no surprise given that India is its fastest growth market.
Online sales growth used to be huge with 20% or 30%-plus figures appearing regularly. But while it’s understandably slowed down as the sector has got bigger, that doesn’t stop some pretty spectacular headlines still appearing. And this one really made me sit up: Surveyed shoppers made 51% of their purchases on the web.
Internet shopping may be the future but it comes loaded with problems. There’s the issue of costs to retailers, which are high – especially if customers return too many goods. And that happens a lot with a recent BBC report highlighting that we’re all serial returners, especially when it comes to womenswear. There’s the issue…
Given the tough time being faced by the luxury sector at present, predictions around Burberry’s results for the year to March 31 ranged from bad to downright awful. So now that the figures are out, what did we actually get? Well, not bad in the circumstances with plenty of focus on the future. And that…
Modern retail is all about omnichannel but finding the sweet spot where the website helps drive traffic into stores and where the stores help drive shoppers online (all while increasing, rather than cannibalising, sales) is hard. Now Guess is planning a tech assault designed to get those clickers through its physical store doors, in the…
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