Online Sales news and archive

Rolex faces a 100 million dollar fine for obstructing online watch sales

France’s competition regulator, the Autorité de la concurrence, has imposed a substantial fine of 91,600,000 euros on Rolex France, along with Rolex Holding SA, the Hans Wilsdorf Foundation, and Rolex SA. The penalty is in response to industry referrals and subsequent investigations from Rolex's prolonged prohibition - exceeding a decade – to...

RetailFeatured

Fashion sales surge with end of lockdown in sight

There has been a surge in online fashion shopping in the UK, particularly for sunny weather-related products, following the announcement of England’s roadmap out of lockdown, new data reveals. According to UK software company Salesfire, the fashion and travel industries both received sales boosts since Boris Johnson outlined a “cautious” easing...

Retail

Online retail sales jumped 9.4 percent in December

E-commerce sales grew nearly 10 percent in December 2019, according to the latest IMRG Capgemini Online Retail Index. The report stated online retail grew 9.4 percent and “defied” forecasts of poor turnouts during the festive season, with Q4 recording a growth rate of 11.3 percent. Andy Mulcahy, Strategy and Insight Director at IMRG, said: “If...