Sales at the UK’s 20 largest online-only retailers reached a record £16.4 billion over the last year, with Boohoo and Asos leading the pack.
The calculations by City law firm RPC, compiled from Companies House data, found combined sales at these companies rose 22 per cent, up from £13.2 billion the previous year.
Boohoo had sales of £1.7 billion in the year to 28 February 2021, a year-on-year rise of 41 per cent, while ASOS’ sales grew 19 per cent to £3.2 billion in the same period.
Electrical goods retailer AO.com showed the best performance of the entire group, with sales for the period growing 62 per cent to £1.6 billion.
The Hut Group, which owns brands such as Myprotein, Espa, and Lookfantastic, saw a 41.5 per cent rise in revenue to over £1.6 billion.
Online retail sales have cooled down since the High Street reopened; e-commerce sales declined by 14.1 per cent in June, a record low according to the latest IMRG Capgemini Online Retail Index.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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