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Charged to join Retail Gazette as B2B media brands merge

05/05/2023  3:00 PM
Charged Retail is to merge with our sister site, the UK’s largest B2B news website Retail Gazette. The team of journalists at Charged will join Retail Gazette, where readers will be able to benefit from a wider range of news, analysis and insight from across the retail industry, including online and...

SidelineSwap secures investment from eBay Ventures

05/05/2023  1:32 PM
Online marketplace for new and used sporting goods SidelineSwap has secured investment from eBay Ventures. The news comes after the 2022 announcement of another investment in SidelineSwap by Dick’s Sporting Goods’ corporate venture arm DSG Ventures. SidelineSwap’s trade-in platform includes po...

Temu’s owner denies moving headquarters from China to Ireland

05/05/2023  12:43 PM
Tech giant PDD Holdings, the Chinese company that owns online shopping sites Temu and Pinduoduo, has allegedly denied recent reports of its decision to move its headquarters from China to Ireland. It was reported by various media outlets that the company listed the Irish capital of Dublin as its “pr...

Apple’s iPhone sales inch up as revenue continues to slide

05/05/2023  9:08 AM
Apple’s revenues continue to slide despite a smaller-than-expected sales decline and a strong iPhone performance in its second quarter. Apple said sales for its fiscal second quarter ended April 1 fell 2.5% to $94.8 billion, beating the expectations of a 4.4% drop to $93 billion. Profit was fl...

Boohoo demands 10% supplier discount

05/05/2023  8:37 AM
Boohoo has asked suppliers for a 10% discount on delivered and undelivered clothing as the online fashion retailer aims to take costs under control. One supplier told the Times they had received a call yesterday demanding a discount on all outstanding orders. “It turns all orders produced into losse...

Shopify posts profit as it winds up its logistics arm

05/05/2023  8:01 AM
Shopify reported a surprise first-quarter profit on Thursday and announced the plans to sell its logistics business, sending its shares surging about 28%. Gross profit grew 12% to $717 million in the quarter ended March 31, 2023. Total revenue increased 25% to $1.5 billion compared to the prior year...

Holland & Barrett snaps up FitTech start-up Avie

04/05/2023  2:27 PM
Holland & Barrett has announced its acquisition of fitness technology startup Avie as the health and wellness retailer looks to provide customised wellness solutions. As part of the deal, Charlie Leggate and Kit Logan, who co-founded Avie, will join Holland & Barretts Wellness Futures Team t...




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Latest Feature

Is online retail making a comeback?

04/05/2023  1:26 PM
The fact that online retail stocks have slumped globally since the highs of the pandemic is no secret. Whilst lockdowns and store closures brought an ecommerce gold rush,  contrary to many predictions, as restrictions eased and normality resumed, growth started to falter. Firms that enjoyed signific...

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