“Get a move on” was the message from Argos chief John Walden yesterday as potential buyers of the business J Sainsbury and Steinhoff continued to do… well, not a lot, ahead of what could be a bumper payday for HRG shareholders next Friday. Actually, that’s not true. The two retail giants who want to buy…
The news flow is coming thick and fast today with clarification about those burberry takeover rumours, plus 2015 results from struggling Hugo Boss and not-struggling Yoox Net-A-Porter. Maria Sharapova is still trying to rescue her brand. And we’ve heard about Vera Bradley’s resurgence and how the Russian e-tail market is getting bigger but still has…
E-commerce is growing fast worldwide with some markets having the potential to be massive. Cue India. A new report from Forrester reckons the country’s e-tail market will grow from $12bn last year to $75bn in 2020, with a CAGR of 44%. That’s fast. The number of people buying online will also grow, but only by…
Competition in the purely fashion e-tail sector is heating up but omnichannel retailers are also upping their game. Which means today’s news from Zalando (pureplay) and Target Corp (omnichannel) makes interesting reading. Basically, Zalando is powering ahead, investing in expansion, and has the rise of m-commerce to thank, while Target is going for hell-for-leather into…
This is it. The moment when consumers (in the UK at least) bought more products online using mobile devices than ‘regular’ computers for the first time ever. From November to January, m-commerce made up 51% of e-sales (up from 45% in the previous three months and up from 40% a year ago), the IMRG Capgemini…
If a tepid holiday season had made any of us think that January sales would be weak, then the latest figures for e-tail in the UK have proved us wrong. IMRG Capgemini’s e-Retail Sales Index showed sales surging 15% online last month, so much better than the 7% they’d risen by in January 2015. The…
For anyone who’s a regular user of the ShopStyle fashion search platform (and I’m one), there’s an interesting development due in Q2 as it transforms into a fashion marketplace with the launch of new shopping cart service ShopStyle Checkout. Parent company Popsugar said the aim is to enable consumers to purchase products from multiple retail…
New Look had a tough Christmas trading period (didn’t almost everyone?) but it doesn’t seem to be worried. The company said sales grew 5.6% in the nine months to December 26 as its standalone menswear stores proved to be a hit and its web sales surged. Comparable sales rose 4.5%, with a 4.3% rise in…
Do you want the good news or the bad news? OK, here’s the good news. Visa Europe’s latest data on UK retail sales showed January clothing and footwear turnover up 5% on the year. That’s good after a worrying 1.2% fall in December. Visa said the cold weather that finally arrived was the cause as…
As with Apple, so it is with Amazon. The problem with giant, dominant-in-their-fields companies that grow year after year, is that expectations are high, VERY high. Investors can be disappointed even after storming results. For Apple this week, it was all about the blind panic that iPhone sales might slow down. For Amazon yesterday, it…
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