93% jump in online sales help Adidas offset major losses
Adidas’ online sales nearly doubled during its second quarter helping its beat analyst expectations despite posting billions in losses.
Googles Fitbit takeover delayed until December as EU officially launches investigation
Google’s proposed takeover of smartwatch giant Fitbit is now being delayed until at least December as the European Commission officially launches an investigation.
Comet to return from the dead 8 years after collapse as online retailer
Comet is set to return from the dead and begin trading online in the UK nearly a decade after falling into administration
Microsoft confirms plans to buy TikTok despite imminent US ban
Microsoft is in talks to buy social media giant TikTok in the US just days after President Trump threatened to ban the app over security concerns.
Aldi plans to launch Amazon Go-style cashierless stores as it requests product recognition tech
Aldi is developing its own cashierless Amazon Go rival and is on the hunt for automatic product recognition technologies.
Amazon Go to launch in UK by 2021 as it enters talks to open 30 stores
Amazon Go grocery stores will hit the UK high streets by the end of the year as the online giant enters negotiations for 30 sites across the country.
Apple posts record sales during lockdown but is forced to delay new iPhone
Apple posted record revenues during its lockdown quarter despite being forced to close swathes of its store estate.
Amazon doubles profits during lockdown posting best quarter in its history
Amazon enjoyed its best ever quarter during lockdown, seeing its profits double and hit their highest level on record.
Shopify overtakes Ebay for the first time as its revenues rise nearly 100% during lockdown
Shopify has now officially overtaken Ebay for the first time after its sales jumped nearly 100 per cent during lockdown.
Game sells its Belong esports gaming arenas to Vindex in a deal worth $50m
Game Digital is set to sell its Belong gaming arenas to US start-up Vindex in a deal thought to be worth $50 million.
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