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Online Retail News In Brief (20 September 2017)

By IMRG

 

In case you missed them, we’ve pulled together a few online retail news highlights from around the web this week.

Here are some of the latest stories in online retail.

 

Toys ‘R’ Us Bankruptcy

Toy retailer Toys ‘R’ Us has filed for bankruptcy in the US and Canada. GlobalData Retail estimated that, in 2016, 13.7% of toy sales were made online, and that five years ago that figure was 6.5%. It has reportedly struggled under pressure from online competitors.

The retailer hopes to restructure its North American business, while European and Australian operations remain unchanged by the filing.

Kurt Geiger reports big growth across all channels

Online sales accounted for 23% of Kurt Geiger revenue in 2016, which saw 12% growth to £330m. Its pre-tax profits hit £33.9m last year, which represents an 11% boost.

Tesco out-grows the rest of the Big Four

Neilsen reported that Tesco saw a 2.8% sales uplift in the 12 weeks to September 9th.

Morrisons grew 1.7%, Sainsbury’s 1.4%, and Asda 1%. The Co-op was the only supermarket of the 10 surveyed that reported negative growth, with -0.1%.

Lidl’s quarter saw 18.7% growth, and Aldi enjoyed 13.6% growth.

AI Sunglasses

The Sunglass Hut has introduced new AI-driven frame recommendations on its site. ‘My Frame Finder’ uses an image recognition algorithm, which suggests other frames based on what the visitor has clicked on, rather than on the shopping patterns of other shoppers.

The retailer has reported a 21% boost in conversion, and 8% increase in average order value since implementing the technology.

Burberry named best mobile website

A report by Ampersand has found Burberry to be the high street retailer with the best mobile retail website.

The criteria included scoring on:

  • touch payments
  • mobile page speed
  • usability of mobile web forms
  • product zoom
  • whether a retailer offers in-store stock check from its mobile website
  • availability of features that allow for completion of tasks later

and more.

Man hoists van to win back girlfriend

A man in the Siberian town of Biysk hoisted a van up his ex-girlfriend’s third floor window to win her back. He hired a saxophonist to play Aerosmith’s ‘Dream On’, while he sat in the van and persuaded her to take him back.

It worked, obviously.

Image source: BBC News

 

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