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In a retail environment dominated by customers switching to online shopping habits, Findel is reaping the benefits of the trend. Q3 results confirm underlying market share growth typical of online retail peers. However, its P/E rating remains on a par with terrestrial high street chains.
Studio’s like-for-like product sales growth of 11.0% for 42 weeks, while lower than H1’s 15.8%, is a better guide to underlying growth, as it is free of the timing differences on marketing activity within the H1 figure.
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The ability of the consumer to order cereal, soda, soup and other items from their computers has created challenges for manufacturers that package and ship those products to a person's doorstep.
Boxes. Wrappers. Flexible packaging. Like a roof on a house, it isn’t necessarily exciting, but if you don’t have one, or if it’s faulty, it can be a problem.
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AIM giant ASOS has released a brief Trading Update this morning, highlighting the Group's continued domination of the fast fashion e-commerce world.
The update, covering the four months to December 31st and the crucial Christmas period, reported total Group sales growth of 30% to £808m, bolstered by a 42% jump in EU sales.
Here in the UK sales jumped 23% while in the US and ROW sales grew by 24% and 34% respectively.
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Zara's new Westfield Stratford store sounds a lot like Bonobos' "guideshops" and Nordstrom's merchandise-free concept, which opened late last year in West Hollywood, CA. Those locations don’t have inventory for purchase, but allow customers to check out and try on garments prior to ordering them online.
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Microsoft posted better than expected quarterly results this week, largely thanks to 98% year-on-year revenue growth for its Azure business.
Microsoft's overall revenue for the quarter reached $28.92 billion, slightly above initial analyst estimates of $28.4 billion, according to the company's second-quarter earnings report.
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Reading-based drone management platform Altitude Angel has secured $4.5m in Series A funding.
The company’s round was led by the Seraphim Space Fund, a £67m tech investment vehicle.
ADV and Frenquentis AG also participated in the startup’s financing round.
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UK InsurTech Inzura has raised $1m to boost its international growth.
The startup, which is headquartered in the UK, will also use the funds to accelerate its new technology developments, including machine learning and AI.
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For the first time, mobile sales accounted for more than 50 percent of the group’s total sales, which reached $2.6 billion in 2017, a year-over-year increase of 17 percent. It was Yoox, in particular, that gained mobile ground: While the company doesn’t break out individual retailer sales, it reported that 96 percent of Cyber Monday sales on Yoox were made via mobile.
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Maplin – one of the UK’s leading specialist technology retailers – is to let its customers order online and receive the very latest Smart Home tech, security/CCTV products, top quality drones and so on, and then pay for them either at a later date or spread the cost over time.
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Entrepreneurs have limited access to hard data that could help them make sound decisions when trying to build a successful new company. This is generally due to a fundamental lack of information about the materialised events of previously successful companies.
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