The social media firm announced financial results for the quarter and full-year ended December 31, 2020. Fourth quarter revenue increased 62% year over year to $911m, with daily active users increasing 22% year over year to $265m. Fourth-quarter operating cash flow improved 21% year over year to $53m and net loss and adjusted EBITDA were … [Read more…]
Boohoo has bought Dorothy Perkins, Wallis and Burton in a £25.2m deal set to transform the fashion brands into online-only platforms, resulting in 2,450 job losses.
The latest lockdown is prompting people to ramp up their fitness programmes and hone their performance, whatever the weather – presenting ample opportunities for brands to engage with exercise enthusiasts.
Jeff Bezos, billionaire founder of Amazon, will step down as chief executive, the company announced on Tuesday.
Fashion retailer Boohoo has bought collapsed rival Debenhams for £55m to relaunching it as an online only store.
British retail suffered its worst annual performance for sales growth on record in 2020, new figures reveal.
From the economic effects and catastrophic loss of life brought on by the pandemic to the growing climate emergency, 2020 was year many would want to forget. But beyond the tragedy and uncertainly there were many positive stories of unity against adversity – and the digital marketing sector was no different. We take a month-by-month … [Read more…]
Global eCommerce platform Kooomo advises retailers to use last year’s cyber-weekend as inspiration for their future response.
Food brand Yeo Valley Organic has rolled out connected packaging across all products as part of their new ‘Put Nature First’ brand platform.
Total UK till sales growth in the last four weeks ending 3rd October increased from 5.6% to 8.3% year on year, as shoppers are continuing to move towards online shopping, with online FMCG growth up by 91% in the last four weeks.