Industrial strategy must boost e-commerce exports to help small firms, report urges September 9, 2024 The government’s industrial strategy must prioritise e-commerce in order to boost small business exports and promote economic growth, a report has urged. Improving trade technology adoption, boosting support for targeting emerging markets, and developing initiatives to support female-led small and medium enterprises (SMEs) would make a significant contribution to the number of small firms exporting, [...]
Samarkand: E-commerce firm shifts focus to UK amid China struggles August 12, 2024 E-commerce group Samarkand, which focuses on connecting Western brands with Chinese customers, has struggled to weather Beijing’s slowdown and said it will change its primary focus to the UK. Revenue at the group decreased by three per cent to £16.9m in the year ended March 31, down from £17.5m in 2023. Adjusted earnings before interest, [...]
Zalando: Online fashion giant reports strong growth after push into AI August 6, 2024 Online shopping giant Zalando reported strong growth in the second quarter as it leaned into artificial intelligence (AI) in search of a bigger share of the e-commerce fashion and lifestyle market. Adjusted earnings before interest and taxes (EBIT) rose to €171.6m (£147.3m), an 18 per cent rise from £144.8m year on year in the second [...]