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Ecommerce

Britain’s lockdown boomers: ASOS profits QUADRUPLE to 142m, Just Eat sales soar [Video]

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Online shopping giants are celebrating a boom in profits today as the High Street gets set to see yet more tumbling sales in the face of another lockdown. 

While Britain's High Streets may have suffered irreparable losses in the face of the coronavirus pandemic, online stores have seen a surge in orders with fashion giants Asos and Boohoo leading the way.  

Asos has seen its profits more than quadruple, buoyed by higher demand as customers are forced to shop on the internet and return fewer items amid the crisis. 

The firm reported pre-tax profits of £142.1 million for the year to August 31, up 329% from £33.1 million a year earlier, as sales jumped 19% including 18% growth in the UK. 

Online takeaway platform Just Eat today revealed that hungry households in the UK ordered 46.4 million takeaways in the three months to the end of September.  

The number of orders …

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Ecommerce

Amazon Prime Day 2020: Here are some of the top deals [Video]

Amazon is holding its annual Prime Day on Oct. 13 and 14 this year, after the pandemic forced it to postpone the sales event from July. Amazon is positioning Prime Day as a way to get people to kick-start their holiday shopping.