All the updated news related to online retail

All the news related to online retail updated in real time

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City

Boohoo profits plunge as Covid costs hit and return rates soar

Online fashion giant Boohoo has revealed that profits slumped and costs soared as it struggled to get to grips with difficulties caused by the pandemic. Bosses said pre-tax profits for the 12 months to the end of February plunged to £7.8 million ...

04 May 2022 at 09:25

Home

Seven Louth businesses receive funding under Online Retail Scheme

Seven businesses in Louth have been approved for funding under the Online Retail Scheme (ORS), which is administered by Enterprise Ireland. Minister of State for Business, Employment and Retail at the Department of Enterprise, Trade and ...

19 Jul 2022 at 21:33

Home

New funding for Kilkenny retailers to grow online

New funding has been announced for Kilkenny retail businesses to expand their online offering and presence to customers at home and abroad, according to Fine Gael TD, John Paul Phelan. Deputy Phelan was speaking after Minister of State ...

19 Jul 2022 at 12:33

Amazon faces investigation over suspected anti-competitive practices

Amazon’s UK Marketplace is being investigated by the competition regulator over concerns around anti-competitive practices on the platform. The Competition and Markets Authority (CMA) said its investigation would consider whether ...

06 Jul 2022 at 12:31

City

Naked Wines slashes growth targets and cuts spending in shake-up

Naked Wines has slashed its sales guidance for the year after a slowdown in customer demand, and launched an overhaul of its board and spending plans. The boss of the online wine retailer told shareholders that the company “made ...

20 Oct 2022 at 09:15

City

Asos reveals stock write-downs amid overhaul after losses as shoppers cut back

Online fashion firm Asos has revealed it will need to write off up to £130 million of stock as it slumped into the red and warned over further losses amid a slump in consumer spending. The group reported pre-tax losses of £31.9 ...

19 Oct 2022 at 13:49

City

THG shares rise after Softbank sells stake to founder and Qatar

Shares in ecommerce firm THG lifted on Tuesday after Softbank offloaded its stake to the firm’s founder and the Qatar Investment Authority. The Manchester-based group’s stock rose by 10.2% to 50.5p in early trading as ...

18 Oct 2022 at 10:05

City

Asos sees sales drop amid delivery and consumer spending woes

Online fashion firm Asos has revealed sliding sales in its festive quarter as it took a hit from delivery disruption and slumping consumer spending. The group said UK sales tumbled 8% in the four months to December ...

12 Jan 2023 at 08:53

Business

New round of applications for the Online Retail Scheme now open

A new round of the Online Retail Scheme which supports ambitious Irish-based retailers looking to grow and improve sales online and to strengthen their ecommerce capabilities has opened for new applications. ...

05 May 2022 at 16:33

City

Online retailer THG warns over profits as sales slow

Online retailer THG has warned that profits will be lower than expected after a further slowdown in sales growth. Shares in the business slid on Tuesday morning after it said it is now due to report ...

17 Jan 2023 at 11:35

Home

Number of retailers in Dundalk to receive grants to enhance online presence

Four retailers in Dundalk are among 98 retailers across the country that have been approved for funding under the Online Retail Scheme (ORS), which is administered by Enterprise Ireland. This ...

18 Aug 2023 at 19:33

City

Asos warns of tough clothing market as shoppers cut back amid cost crisis

Online fashion firm Asos has slumped to an annual loss and warned it will remain in the red over the first half of its new financial year amid turnaround efforts and an “incredibly ...

19 Oct 2022 at 11:42

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