Each week we gather the top three eCommerce news items of the week. Here’s what stood out for us this week!
Asos is expected to report skyrocketing earnings of 135 per cent over its previous interim despite increased cross-border Brexit costs.
Analysts have predicted the online fashion giant will reveal a revenue rise of 22 per cent to around £1.95 billion over the six months to February next week. Read the full article here.
Boots online sales doubled in the second quarter of its financial year although the retailer’s total sales fell by 17.8% as the company felt the impact of Covid-19 restrictions. But the health and beauty company said that it had felt the impact of shoppers buying most of their purchases in supermarkets during lockdowns. Read the full article here.
Brits have saved a whopping £245 billion over lockdown and are preparing to spend up to £60 billion of that when lockdown ends.
According to new data from Future PLC, 25 per cent of UK shoppers’ lockdown savings are set to be splurged immediately or soon after lockdown ends.
Just over three quarters of UK households have reportedly managed to save money during lockdown, setting aside and average of £4808.
Nearly half (45 per cent) of those have already begun researching their planned purchases for when lockdown ends, with 57 per cent of all spending expected to occur between April and June. Read the full article here.