While the Christmas shopping season is generally acknowledged to have been a weak one for UK stores, it hasn’t been quite as bad as some expected and sector stars like Selfridges managed to turn it into a triumph.
So it’s started. The deluge of trading updates expected from UK retailers in the weeks ahead has begun with Next and after all the speculation about plunging sales, what actually happened? Well it wasn't too bad.
E-sales growth in the run-up to Christmas may have been weaker than for some years, but that shouldn't hold Christmas Day e-spending back with a new prediction that it will reach a significant milestone this year.
Slowing growth in e-tail in Britain reflected tough economic times and excessive Black Friday discounts a new report said on Wednesday, but discount fatigue seems to be setting in and the future is uncertain.
New York-based digital creative agency Sweden Unlimited is ramping up its global operations as the business, which targets the fashion, beauty, luxury and lifestyle sectors, expands into the UK and Europe.
MySale issued a profit warning on Tuesday with the Cocosa owner saying that it has seen “challenging conditions during its peak trading period.” And it's reviewing its UK business as it focuses on "ANZ-first".
The B2B wholesale e-commerce platform announced on Wednesday that it has received $15 million in Series C financing, funds that the company said it will put toward accelerating product innovation and growing its team.