Boohoo and Asos take over UK fashion retail with acquisitions of Debenhams and Arcadia
The UK’s leading online fashion brands snap up struggling retailers as they gear up for another year driven by online…
22 Jan 2021
UK consumers are receptive to drone delivery
There is potential demand for drone delivery in the UK; according to a recent GlobalData survey, more than one-third (36.0%) of consumers would consider receiving online orders of small goods…
22 Jan 2021
The Works faces another challenging chapter amid third wave of lockdown restrictions
The Works has revealed its key weakness amid the pandemic, a heavy reliance on its 530 stores for sales. Total sales declined 24.8% in the 11 weeks to 10 January…
22 Jan 2021
Mytheresa culminates business comeback with $2.2bn US listing
Online platform grows amid digital transition and surge in demand for high-end goods German online luxury platform Mytheresa raised $407m in its trading debut after having its shares priced at…
21 Jan 2021
Restrictions accelerate growth at Pets at Home, boding well for 2021
Pets at Home shone in its third quarter, achieving an impressive 18.0% growth in group revenue during a period scarred by severe restrictions. LFL store revenue growth was strong at…
21 Jan 2021
Walmart or Wal-Smart? US retail giant introduces temperature-controlled ‘smart’ box for 24/7 grocery delivery
US retailer Walmart has announced that it will be trialling 24/7 food delivery via a temperature-controlled Smart Box created by HomeValet. The collaboration of the two companies has introduced a…
20 Jan 2021
Tesco’s record Christmas sales reveal how Covid-19 has boosted ethical consumerism
Tesco reported record UK Christmas sales on 14 January, with like-for-like sales up 8.1% in the six weeks to 9 January. The retail giant reported a surge in online grocery…