Online news

 

29 July 2022
We review Amazon’s second quarter results and the outlook for the year ahead as it continues to take costs out of the business. Q2 key numbers Total net sales increased 7.2% to $121,234m Net product sales decreased 2.5% to $56,675m Net service sales increased 17.4% to $64,659m Operating income fell from $7,702m to $3,317m year-on-year Net income fell to -$2,028m, compared to ...
26 July 2022
As Tesco introduces its Delivery Savers scheme and enables children to eat free in its cafés, we round up developments from the retailer. Tesco introduces three tiers in Delivery Savers programme Tesco has launched three tiers for its Delivery Savers programme, reintroducing schemes that were paused due to high demand during the pandemic. The initiative will include a dedicated Click and Co...
21 July 2022
Ocado Retail announced a decrease in revenue of (8)% to £1.1bn in its first half, 26 weeks to 29 May 2022. Average basket size down Ocado said the decline in its Retail business reflected tough comparatives post-pandemic as well as the rising cost-of-living in the UK. Average basket size in H1 was down (13)% to £120 from £138 in H1 2021. Ocado said this was driven by shoppers adding fewer i...
20 July 2022
National convenience retailer, Co-op along with Starship Technologies have announced a partnership with North Northamptonshire Council to operate an autonomous vehicle delivery service in three towns in its district. The service, launched on 14 July, now makes delivery via Starship’s ‘robot’ vehicles from local Co-op stores available to 45,000 residents across Wellingborough, Rushden and Higham F...
19 July 2022
Ocado Retail has announced Melanie Smith CBE will leave the business in August after three years as Chief Executive. Instrumental in the formation of the joint venture Smith will leave Ocado Retail on 31 st August 2022. She was instrumental in forming Ocado’s 50-50 joint venture with M&S and has led it since it launched in 2019. Prior to this, Smith held the position of group strategy dire...
18 July 2022
In the UK, Amazon Fresh has launched a Tesco Clubcard Price Match for online shoppers. Prices matched and locked for four weeks Amazon has announced it will match and lock to Tesco Clubcard deals every week on hundreds of own-label and branded products for its Fresh grocery delivery service. The retailer will keep the price locked for at least four weeks and will add new products every week...
05 July 2022
ParknShop continues to enhance its ecommerce infrastructure and inspire customers by expanding its new store concept in Hong Kong. Empowering capabilities of ecommerce To cope with the high-speed growth in ecommerce, A.S. Watson's subsidiary ParknShop supermarket plans to invest more than HKD 200mn (USD 25mn) for accelerating its digital transformation. In Q4 this year, it will have an ec...
05 July 2022
Amazon announced it has launched a new service providing brands with insights about the performance of their products, promotions and ad campaigns in Amazon’s physical stores in the US. Evolving the in-store shopping experience Amazon’s Store Analytics service provides brands with aggregated and anonymized insights in Just Walk Out technology and Amazon Dash Cart-enabled Amazon Go and Amazo...
27 June 2022
From social shopping to a metaverse mall, we highlight five new initiatives and innovations debuted to inspire shoppers and help merchants during this big shopping festival. Inspiring by innovation and new user experience Alibaba’s Taobao unveiled a “Metaverse Mall” in the festival where shoppers were able to use a mobile phone to guide their avatars and do virtual reality shoppin...
27 June 2022
This year the 618 shopping festival generated a total sales revenue of RMB 695.9bn (USD 103.8bn) through ecommerce channels (excluded quick commerce and community group buying), reports Syntun. This is an increase of 20.3% year-on-year, but down 6.2% compared to the previous year's 26.5% sales growth. Besides driving sales through slashing prices and discount coupons, what significant findings...