Late Easter spells subdued online retail growth
The online retail industry recorded growth of just five per cent year-on-year in March, against a tough comparator last year, according to the latest IMRG Capgemini eRetail Sales Index. While still positive growth, this subdued performance fell significantly below the three (up 7.5 per cent), six (up 7.1 per cent) and 12-month (up 10.2 per cent) rolling averages. In fact, online-only retailers saw only marginally better results - growing 8.9 per cent - than multi-channel retailers’ five per cent rise.
Clarks partners Whishworks for supply chain tech
Clarks has teamed up with Big Data and systems integration specialist Whishworks to help automate and optimise its supply chain operations. The partnership, which will deliver a new Application Programming Interface (API) warehouse management application suite across the supply chain, comes as part of the footwear retailer’s global business transformation initiative.
UK’s most ‘Remarkable Retailers’ celebrated
The British Independent Retail Association (Bira) and Vend have announced a campaign called ‘Remarkable Retailers’, celebrating 14 contributions to local high streets and their innovative approach to retail. Selected from a long list of over 1,000 independent stores, Vend and Bira awarded businesses which use technology to create the foundation of their success.
JD.com launches blockchain for business
Chinese e-commerce giant JD.com has opened its underlying blockchain framework JD Chain to business customers. This will enable companies to build their own blockchain solutions from the ground up, following JD’s earlier launch of a new blockchain technology open platform, which enables businesses to leverage pre-built Application Programming Interfaces (APIs) in their own businesses.
Majestic Wine 'may move entirely online'
Majestic Wine has appointed Rothschild & Co to work on options for a potential of sale of all its British shops in preparation for a move to become online-only under the Naked Wines brand. A decision is expected on the plans at its full-year results presentation on 13 June.
High Street brands accused of shopper spying
Some of the High Street’s biggest brands have been secretly filming shoppers and using behavioural analysis technology to try and make them spend more. An investigation by the Daily Mail revealed that the likes of Tesco, Boots, Sainsbury’s and Co-op all commissioned SBXL to record customers in their aisles.
Easter sun puts spring in High Street’s step
The Easter sunshine brought shoppers back out onto the High Street this bank holiday weekend, providing a much-needed boost for UK retailers. According to figures from Springboard, bricks and mortar retailers saw a three per cent rise in footfall compared to the four-day period from Good Friday to bank holiday Monday last year, which by contrast was marred by stormy weather.
Boohoo reports rising revenues, profits
Boohoo has reported a revenue rise of 48 per cent to £856.9 million in the year to 28 February, while pre-tax profit was also up 38 per cent to £59.9 million. Turnover increased 37 per cent in the UK and 64 per cent in international markets.
Jigsaw grows online sales with ship from store tech
Jigsaw has seen its online sales grow by a third after implementing omnichannel technology that enables e-commerce orders to be shipped directly from stores if the items are unavailable online. The High Street fashion retailer reported that online transactions increased by 32 per cent in the first 11 months of deployment of OneStock’s technology, which unifies web and in-store inventory to offer customers access to an entire product range.
Visa launches platform for digital payment innovation
Visa has launched a new platform with beta Application Programming Interfaces (APIs) and development tools to help issuers and issuer processors build and test new digital payment products. The platform will be available to the payment giant’s clients and partners via Visa Next, a new location for accessing new solutions in its product pipeline.
Bucher steps down as Debenhams boss
Debenhams has confirmed that Sergio Bucher is stepping down as chief executive after the struggling retailer entered administration last week. In a statement, the group said that Bucher, who has led Debenhams since October 2016, would leave the business this week in order to “allow new leadership to carry through the restructuring and turnaround of the business”.