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AO’s revenue up 62% to €1.91 billion

AO’s revenue up 62% to €1.91 billion

Online electrical retailer AO has reported a strong year of growth. In the year to 31 March, the UK company saw its revenue increase by 62 percent to 1.66 billion pounds (1.91 billion euros). AO also attracted over 2 million new customers in the year. Continue reading

Lightspeed Payments launched in Europe

Lightspeed Payments launched in Europe

Lightspeed has announced the launch of Lightspeed Payments in Europe. At first, this payment solution will only available for hospitality merchants in the United Kingdom. Soon it will be available for retailers. Other European markets will also follow soon. Continue reading

InPost launches label-free returns service

InPost launches label-free returns service

Parcel locker provider InPost has launched a returns solution that wants to simplify the process of returning items that were bought online. Customers no longer need to use or print labels, instead they use a QR code on their smartphone. Continue reading

Online-only players most popular among UK fashion shoppers

Online-only players most popular among UK fashion shoppers

Ecommerce is, of course, very popular now the physical stores are closed in many countries across Europe. But online-only retailers seem to really reap the rewards of having a strong digital infrastructure. In the UK, online-only retailers are now the number-one purchasing channel for fashion shoppers. Continue reading

Returns service ZigZag acquired by Global Blue

Returns service ZigZag acquired by Global Blue

ZigZag Global, a returns management platform from the United Kingdom, announced it has been acquired by Global Blue, a tourism shopping tax refund company, headquartered in Switzerland. ZigZag’s solutions will be cross-sold into Global Blue’s extensive merchant network. Continue reading

Facebook Shops rolls out in the UK

Facebook Shops rolls out in the UK

Facebook Shops, a place for discovering business and searching for products in the Facebook app, is rolling out to users in the United Kingdom. It marks the first European market where the Facebook feature is available. Continue reading

Secret Sales: 4,000% month-on-month revenue growth

Secret Sales: 4,000% month-on-month revenue growth

Online fashion marketplace Secret Sales has seen its month-on-month revenue increase by 4,000 during the Covid-19 pandemic. At the beginning of the outbreak, the UK company transformed from a flash sales outlet into a premium ecommerce marketplace. Continue reading

Mollie expands to the UK

Mollie expands to the UK

Dutch payment fintech unicorn Mollie has entered the United Kingdom. Here it will support British merchants who are looking to grow into Europe. The payment service provider has enhanced its services available to UK companies who can incorporate several EU payment methods into their online stores. Continue reading

UK Treasury explores online sales tax

UK Treasury explores online sales tax

The Treasury, the UK’s economic and finance ministry, is exploring options for an online sales tax. With this measure, it wants to shift the balance between spending online and in physical stores. British high streets are currently struggling due to the Covid-19 pandemic. Continue reading

Asos buys Topshop, Topman and Miss Selfridge brands

Asos buys Topshop, Topman and Miss Selfridge brands

Online fashion retailer Asos has required Topshop, Topman, Miss Selfridge and HIIT, all brands from Arcadia, a retail group that fell into administration at the end of last year. Asos will take over the brands as well as the stock, but it won’t take on the physical stores. Continue reading

Ecommerce financer Storfund provides €825 million of funding

Ecommerce financer Storfund provides €825 million of funding

Storfund, which shortens the cash cycle of online sellers, secured 30 million euros of capital from the Private Debt team of Swiss bank Union Bancaire Privée (UBP) and private investors. This year, the company wants to provide 1 billion dollars (825 million euros) of cash advances to online marketplace merchants. Continue reading

Cross-border ecommerce in UK up 57%

Cross-border ecommerce in UK up 57%

Cross-border ecommerce sales from the United Kingdom saw a 57 percent year-on-year increase in 2020. Outbound online sales grew substantially from April up to the holiday period, with a significant spike starting in September. Continue reading

Envolve Tech expands to US

Envolve Tech expands to US

Envolve Tech, a retail tech company from Wales, has entered the US market. The Newport-based company has launched an office in New York. The expansion follows after raising over 800,000 euros last year. Continue reading