INCLINE VILLAGE – Socure, a U.S.-based digital identity verification and compliance platform, has acquired Qlarifi, the first real-time Buy Now Pay Later (BNPL) consumer credit database, in a move aimed at strengthening fraud prevention and credit infrastructure for lenders and merchants. The deal creates what the companies describe as the industry’s first unified identity, anti-fraud…
The turkey leftovers are still in the fridge, but the digital dust has begun to settle. American shoppers have propelled online spending to a staggering new record, yet the story behind the numbers reveals a retail landscape transformed by technology, value-seeking, and a dose of economic anxiety. According to initial data from Adobe Analytics, consumers spent…
STOCKHOLM – Swedish retailer Clas Ohlson said on Tuesday it will invest 400-450 million Swedish crowns ($38-43 million) to upgrade its main distribution centre, betting on automation to fuel long-term growth in both store and online sales. The board-approved investment will modernise the company’s logistics hub in Insjön, Dalarna, the town where it was founded over…
LONDON: All Things Considered Group plc (AQSE: ATC), the independent music company housing talent management, live booking, merchandising, talent services and events, announced the acquisition by its subsidiary, Sandbag Limited, of certain assets of Control Industry Inc, a California based full-service merchandise management business (the “Acquisition”). Highlights Led by founder and CEO Ricky Riker, Control Industry…
LONDON: Huddled Group plc (AIM:HUD), a circular economy e-commerce company, reported an 81% year-over-year revenue increase to £9.48 million for the six months ending June 30, 2025, driven by strong performance across its brands Discount Dragon, Nutricircle, and Boop Beauty. The company also announced that Discount Dragon and Nutricircle achieved divisional operating profit in August,…
LONDON: Tandem Group plc (AIM: TND), a UK-based designer and distributor of sports, leisure and mobility equipment, reported a 14.3% rise in revenue to £11.2 million for the six months ended June 30, 2025, driven by improved inventory management, cost controls and favourable foreign exchange movements. Tandem Group plc is a designer, developer, distributor and…
SYDNEY: Hancock & Gore Ltd (H&G) said on Tuesday it had acquired UK-based schoolwear brand Trutex Group in an all-cash deal valued at approximately A$26 million, marking a strategic transformation into a global schoolwear business under the Schoolblazer Group banner. The acquisition, funded entirely from H&G’s balance sheet, brings together Trutex, Schoolblazer UK, and Mountcastle,…
The online wine retailer reported revenue of £250.2 million, a 14% year-on-year decline LONDON: Naked Wines plc, the direct-to-consumer wine company, announced Thursday its full-year results for the 52 weeks ended March 31, 2025, revealing a performance in line with its guidance and a focus on profitability and cash generation. The company also announced it…
Amazon’s online store sales rose 11% to $61.5 billion, while advertising revenue jumped 23% to $15.7 billion SEATTLE: Amazon Web Services (AWS) reported its lowest profit margins since late 2023, raising concerns among investors about the tech giant’s ability to maintain growth in its cloud computing division. Amazon said AWS operating margins fell to 32.9%…
LONDON: British women’s fashion retailer Sosandar PLC (AIM:SOS) reported a year of improved profitability driven by higher margins, despite a planned reduction in revenue, and signalled a return to growth in its first quarter, according to full-year results released on Tuesday. For the year ended March 31, 2025 (FY25), revenue fell to £37.1 million, down…
LONDON: MobilityOne, an e-commerce infrastructure payment solutions and platform provider, has announced the completion of the sale of its 60% stake in its non-core subsidiary 1Shop to Super Apps, a leading Southeast Asian super app company. The deal, which was first announced in October 2022, was initially subject to the completion of a merger exercise…
PARIS, FRANCE: Carrefour aims to triple its e-commerce GMV (Gross Merchandise Value) by 2026, to reach €10 billion, a news release said on Tuesday. Carrefour also expects that digital will contribute an additional €600 million to recurring operating income (ROI) in 2026 vs 2021. To this end, Carrefour will increase by around 50% its investments in digital, with a €3bn dedicated plan between 2022 and 2026. As…