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According to research undertaken by PCA Predict, British ecommerce sales slumped on key Brexit dates sometimes by as much as 58% compared to the daily average. From 2016-2017,UK consumers made an average of 3,923,336 purchases online per day. However, on the day referendum results were announced this figure dropped to...
Burberry have announced changes to its board, appointing both a new senior independent director in Jeremy Darroch and a new non-executive director in Ron Frasch. Darroch will be succeeding Phillip Bowman, who will remain in his role until the end of October. Speaking on the appointments, chairman John Peace added,...
Shares in Nike began to rise as Goldman Sachs announced that the brand is close to a deal which would see it sell products directly onto Amazon. Nike products are already sold through third-party companies however the move could add an additional $300m-$500m of revenue in the United States, equivalent...
Chinese online retailer JD.com has acquired a £314m stake in the London-based online fashion retailer Farfetch. The move comes as JD.com begin to place more emphasis on high-end fashion in order to meet demands from their customers, with JD.com founder Liu Qiangdong noting that "This partnership with Farfetch further extends...
On Tuesday, Amazon launched a new service for its Prime members called Prime Wardrobe, wherein customers will be able to order clothes from top brands such as Calvin Klein, Hugo Boss and Adidas on a try-before-you-buy basis. According to Amazon, customers will then be charged for any items they keep...
With total sales at Costa rising by 8.7% in the 13 weeks to June 1st, the wider Whitbread brand reaped the benefits, seeing a 7.6% increase in total sales across the brand. At Costa the focus has been on rolling out 'Cold Brew' coffee drinks in over 200 of its...
Online revenue figures for N Brown in the 13 weeks to June 3rd showed a rise of 16%, meaning that the medium now accounts for 71% of the company’s total revenue. Product revenue at Simply Be, JD Williams and Jacamo rose by 20.5%, 12.7% and 5.5% respectively, leading N Brown...
A new study undertaken by Mood Media titled The State of Brick & Mortar: 2017 has suggested that shoppers still place high emphasis on physical stores, despite sales figures indicating an increasing shift towards online sales. Taking place in Australia, China, France, Germany, the Netherlands, Russia, Spain, the UK and...
Zalando’s Fulfilment Solutions service usually reserved for brands who appear on the website, is to be offered to third party brands for the first time. It provides brands with logistics infrastructure and sees the company take over the order fulfilment for its partners from inbound to return. Some of the...
Clothing brand Jack Wills is poised to open a new store in the North Terminal at Gatwick Airport. Spanning 1,060 sq ft, the store will stock travel friendly items such as swimwear, shorts and flip-flops. founder and chief executive of Jack Wills, Peter Williams, said their “customers love to travel...
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