Notonthehighstreet has lost its e-commerce director with Ollie Scheers having moved on after spending less than 18 months in the role. The job is now being shared between existing staff and executives.
May offered up a mixed picture for UK retail with footfall still down, but the decline slowing. Retail parks were buoyant but shopping centres suffering disproportionately, which is bad news for the fashion sector.
UK supermarkets giant Sainsbury’s is gearing up for a future in which digital will become even more important than at present as sales for lines like Tu, Asda's George and the Argos offer increasingly move online.
Struggling Mothercare said Friday that its company voluntary arrangement (CVA) proposals for certain of its subsidiaries had been approved by its creditors. The shares rose despite the firm dropping out of the FTSE100.
News of UK retailers cutting their store estates have dominated the headlines in the lasts weeks, but new research has warned that if department stores don’t improve their websites, their efforts will be in vain.
Tencent Holdings, which owns China’s top social media app WeChat, has scrapped an investment of up to 30 million yuan ($4.7 million) in a content start-up that has been criticized for its handling of copyright issues.