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Ocado has seen its share price drop nearly 7.5 per cent since it revealed its full-year results yesterday as investors slammed the “disappointing” expansion of its solutions division.
Yesterday the…
Read MoreDirect-to-consumer sales worth £96bn this year as over half of shoppers cut out retail middleman
Direct-to-consumer sales grew to be worth £96 billion in 2020, providing a major boost for manufacturers cutting out the middleman.
According to new research from Barclays Corporate Banking, 57 per…
Read MoreOnline shoppers warned to “be on their guard” after scammers bagged £13m last year
Online shoppers have been warned by GCHQ to “be on their guard” this Christmas after scammers swindled customers out of millions last year.
The National Cyber Security Centre has launched…
Read MoreBlack Friday scams to cost average victim £735 this year
Black Friday scams are set to cost shoppers tens of millions this week as the UK prepares for the busiest ever online holiday shopping festival.
Numerous consumer groups have warned…
Read More15% of retailers are hiring to meet online demand as COVID-19 drives “technological revolution” in retail
UK retailers are in the midst of an ecommerce hiring boom as the sharp rise in online sales during lockdown has created demand for new staff.
According to new research…
Read MoreCould the direct-to-consumer boom kill retail?
Social media is posing a significant threat to retailers as increasing numbers of manufacturers use online platforms to bypass them and sell directly to the consumer.
Set to be worth…
Read MoreBlack Friday scams hit 24% of under 35s costing an average of £661
Black Friday scams are becoming more “sophisticated” with nearly a quarter of 18 to 34-year olds stating they’d fallen victim to fraud on the day.
Scams aimed at exploiting “our…
Read MoreAmazon hit by “serious” hack seeing over 100 sellers bank details changed
More than 100 Amazon accounts fell victim to a “serious” hack which saw fraudsters funnel sellers’ cash into their own bank accounts over a six-month period. According to Bloomberg, the…
Read More5G to boost UK economy £15.7bn with retail the main benefactor
The retail sector stands to benefit most from the introduction of 5G across the UK, which stands to contribute £15.7 billion to the country’s economy by 2025. According to Barclays…
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