Online Sales news and archive

Adobe predicts Amazon Prime Day to boost online sales to 23.8 billion dollars

Online spending in the United States is predicted to hit 23.8 billion US dollars this week, according to early estimates from Adobe Analytics. Running from July 8 to July 11, the 96-hour Amazon Prime Day event is the first four-day sales promotion from the retail giant. Launched in the hopes of enticing consumers to keep shopping daily for new...

Retail

Rolex faces a 100 million dollar fine for obstructing online watch sales

France’s competition regulator, the Autorité de la concurrence, has imposed a substantial fine of 91,600,000 euros on Rolex France, along with Rolex Holding SA, the Hans Wilsdorf Foundation, and Rolex SA. The penalty is in response to industry referrals and subsequent investigations from Rolex's prolonged prohibition - exceeding a decade – to...

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Retail

Fashion sales surge with end of lockdown in sight

There has been a surge in online fashion shopping in the UK, particularly for sunny weather-related products, following the announcement of England’s roadmap out of lockdown, new data reveals. According to UK software company Salesfire, the fashion and travel industries both received sales boosts since Boris Johnson outlined a “cautious” easing...

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Retail

Zara and H&M shore up defences as internet threatens

Logistics investments, new technology... Faced with fierce online competition from the likes of Amazon, affordable fashion giants Zara and H&M are shoring up their defences, trying to use their stores to boost internet sales. Separated by thin partitions, 15 little photo studios used exclusively to update the website line up in a corner of...

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Retail

Céline moves into e-commerce with launch of celine.com

London- One of the last luxury fashion houses to shun an online store has finally ventured into e-commerce: Céline. The French fashion house, owned by luxury company LVMH, is taking on an omnichannel business model with the launch of its renewed website celine.com, marking the first time the luxury label offers all its products for sale online....

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Retail

Christmas spending to drop for first time in 5 years

While it is still the most profitable time of year for brands and retailers, Christmas sales in 2017 are expected to drop for the first time in five years. A shift in consumers spending habits and rising inflation will mean careful spending this holiday season. According to the Retail Gazette, new research compiled by HIS Markit for Visa...

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Business

Consumers hold back on spending in January following strong Christmas period

London - UK consumers held back on spending during the month of January which saw retail sales growth "ground to a halt" on the back of a strong Christmas trading period, according to the latest data from the BRC-KPMG retail sales monitor. UK retail sales dropped by 0.6 percent like-for-like during the first month of the year in comparison to...

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Business

Smartphone sales increase 101 percent in March

Online smartphone sales increased a whopping 101 percent year-on-year in March, far surpassing that of tablets, according to the latest IMRG Capgemini eRetail Sales Index. Transactions carried out on tablets increased a mere 6 percent year-on-year last month compared to smartphone sales. During the first three months of the year, smartphone...

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Retail

Over half of online sales now made through mobile devices

New data from the IMRG Capgemini Quarterly Benchmarking report has revealed that online sales made through smartphones and tablets has exceeded 50 percent for the first time. According to the figures, purchases through mobile devices accounted for 51 percent of UK online retail sales in the three months to January 2016, which marks a “...

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Business

John Lewis invests 500 million pounds in online operations

British department store group John Lewis is set to invest 500 million pounds in its online operation as the group aims for its internet sales to surpass brick-and-mortar sales within four years, a year earlier than previously expected. The group has begun a investment scheme which is slated to be finalized by the end of 2018 as John Lewis...

Retail

UK e-tailers hope to enjoy extra spend brought on by 'Manic Monday'

Online retailers throughout the UK hope to see a boost in sales this Monday, as consumers are predicted to have spend 773 million pounds yesterday, 10 percent more than last year's 'Manic Monday' which saw 666 million pounds spent according to Experian-IMRG. December 7, also known as 'Manic Monday' is traditionally one of the busiest days for...

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Retail

The UK tops the list as e-commerce capital of the EU

With four in five Britons shopping online over the past year as online sales are predicted to reach 156.67 billion pounds this year, the UK has been listed as the e-commerce hub of the Europe, according to the latest figures from the Office for National Statistics (ONS). UK consumers have been singled out as the most likely shoppers to complete...