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Shop Direct owners Barclay brothers bank £200m in refinance deal

The owners of Shop Direct are poised to take home a £200 million pay cheque in a refinancing deal after deciding not to sell the online retail business.

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Amazon holds 68% of smart speaker market share

Sales of the technology should hit 24 million by the end of 2017, but the online titan still controls the market, according to a Strategy Analytics study.






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Stitch Fix files for an IPO

An IPO will likely challenge the online personal styling model, which remains popular but is largely untested as a profitable enterprise.






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Zalando revenues on the up as beauty plans revealed

Zalando has posted an uptick in revenues as it reveals plans to enter the beauty market. According to its preliminary figures, the online fashion retailer raked in €1.64 billion (£1.4 billion) in third quarter revenue, an in increase of around 27.5 per cent






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Asos pre-tax profits soar 145%

Asos has reported a “great year” amid its annual results as it reveals sales rose by a third and forecasts were boosted for the coming year. In the year to August 31, Asos saw revenues jump 33 per cent to £1.9 billion alongside skyrocketing pre-tax profit growth of 145 per cent to £80 million, falling largely in line with City analysts’ predictions.






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“Inflation is helping supermarkets” as sales rise across the Big 4

The UK’s grocers have seen their 17 th consecutive period of growth, with value increasing 3.1 per cent year-on-year, as inflation and early Christmas shopping boosts margins. According to Kantar Worldpanel’s latest grocery market share figures, inflation remained at 3.2 per cent for the 12 weeks to October 8 but this is predicted to drop to two per cent in early 2018. The Big 4 grocers all enjoyed rising sales during the period, yet their market share continued to be chipped away by the discounters.






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Amazon reportedly jumping into athletic wear

Vendors serving some of the biggest names in sports apparel are working with the online giant on an experimental basis, Bloomberg reports.






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Net-A-Porter poised to launch AI picking service

Net-A-Porter has announced the launch of an artificial intelligence which will pick clothing for customers based on their future plans. READ MORE: Net-A-Porter named the best UK retailer for personalisation   As a result of its £442 million investment in technology and personalising shopping experiences, the online fashion retailer is set to launch a picking robot that will select clothes based on where a customer is going and what type of trip it is. Another intelligent tool set to be launched by the retailer will put together outfits for customers based on other items that they have selected, according to the This is Money






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H&M vows more transparency as investors slam “unwillingness” to share information

H&M is set to hold its first ever meeting between shareholders and management following growing criticism about lack of transparency over its adoption of online operations. Historically the fashion retailer has largely kept investors in the dark over its operations. However, in light of competitors such as Zolando and Asos eating into the retailer’s profits its chief executive Karl-Johan Persson has said that: “We have a responsibility now to be a bit more transparent.” Dwindling sales have seen share prices fall and H&M is set to miss its main financial goal for a second consecutive year






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1/3 of British retailers expect downturn after Brexit

Almost one-third of British retailers fully anticipate Britain’s exit from the European Union will have a negative impact on business, according to a survey.






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