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Co-founder Asos: “High street is over”

What a customer wants to buy shouldn’t be dictated by where he lives. That’s what Nick Robertson, CEO and co-founder at Asos, told the audience at WWD Ceo Summit. He also thinks the high street is no longer the sole arbiter of fashion where choice is limited. “The high street’s presence is being democratized. Twentysomethings have better things to do than go to the high street.” Continue reading

More European searches for UK retailers

The number of internet searches for UK retailers has increased, mostly thanks to Russian and Dutch consumers. According to research from the British Retail Consortium, in co-operation with Google, the number of overseas consumers searching for UK retailers grew with 23 percent in 2013’s third quarter. Total retail search volumes grew 12 percent in the third quarter of 2013, compared with the same period one year earlier. Continue reading

1 in 7 EU citizens orders online via smartphone

The mobile retail audience in Europe grew by 43 percent over the past year, with 20 percent of smartphone users visiting online retail sites and apps using their mobile phone. Also 1 in 7 smartphone users from the five leading European markets (the UK, Germany, France, Italy and Spain)have completed a retail transaction on their phone in a month. Continue reading

59% of EU internet users shop online

Nearly 60% of all internet users in Europe had shopped online last year. The highest shares of online shoppers can be found in the United Kingdom (82% of internet users), Denmark and Sweden (both 79%) and Germany (77%). The lowest shares were registered in Romania (11%) and Bulgaria (17%). Continue reading

Yandex let customers place orders via search site

Yandex, the most popular search engine in Russia, is now offering online stores a new model for listing their products on product search service Yandex.Market. The search engine currently gets a few cents every time a customer clicks on a link to a retailer’s website, but with the new model it will get 1% of the value of any transaction. Continue reading

Several EU shops win World Retail Award

There were several European online shops rewarded with an award at the World Retail Awards 2013 in Paris. Tesco, Debenhams, Migros and Vente-privee.com were among the winners who went home with a prize. Awards were handed in categories like ‘pure play retailer of the year’ and ‘best new retail launch’. Continue reading