A large number of trading updates are due this week, but online retailers can’t judge the success (or otherwise) of their Christmas season just yet as one in four gifts bought online will be returned by UK consumers.
While the Christmas shopping season is generally acknowledged to have been a weak one for UK stores, it hasn’t been quite as bad as some expected and sector stars like Selfridges managed to turn it into a triumph.
Missguided has reported a tough year after over-ambitious expansion drove it heavily into the red. But it's upbeat for the future and says it's hitting back with a focus on popular product and its core business.
The e-commerce platform has announced that it has raised $15 million in funding, funds that the pure player plans to use to capitalize on the experience it has gained through its first brick-and-mortar locations.