UK supermarket chains Sainsbury’s and Asda have agreed to merge. The competition regulators still have to agree to the acquisition, but if it gets the green light, the merged identity will become the biggest grocer in the United Kingdom.
The United Kingdom
Online fashion retailer Boohoo has almost doubled its sales last year. The company’s revenue increased by 97 percent, climbing from 337 million euros to 664 million euros. Boohoo’s profit before tax increased by 40 percent during the same period.
Deutsche Post DHL Group has opened a new fulfillment center in the United Kingdom. In the English town of Radlett, an area of about 6,500 square meters offers same-day processing for the Greater London area. DHL already operates a similar fulfillment center in Germany and is now working to open such centers in the Netherlands, Poland and Switzerland.
Made.com has raised 40 million pounds, a little more than 45 million euros, of equity in its latest round of funding. The furniture retailer wants to use this money to boost its growth and to further expand its online and offline business across Europe.
Issues with stock levels are a major factor that affects the consumer’s decision to shop online. In the United Kingdom, more than half of consumers immediately turn to a competitor if the item they want is out of stock.
Online retailers could sell more to consumers who shop from their smartphones, if they would offer a better shopping experience via the mobile app. Especially in the United Kingdom, the mobile shopping apps could really use an upgrade.
Sales of the 20 biggest online-only retailers in the United Kingdom have increased by 23 percent last year. Their revenues went from about 7.6 billion euros in 2015/2016 to over 9.4 billion euros one year later. The increase is mostly because of the rise of mobile commerce.