The total value of refunds and charge disputes could be as high as £13.2bn per year in the UK, with the cost implications for retail Britain set to be greater still, according to new research from the Digital Solutions team at Equifax, that specialises in fraud detection and chargeback management solutions offered on its Kount-branded […]
Retail experts at leading fashion sales website Love The Sales have revealed that the most heavily discounted product this Black Friday was women’s jackets, seeing an average of 25% increase in discounts compared to 2022, from an average of 20% discount in 2022 to an average of a 45% discount in 2023. A study from […]
Period Covered: 01 – 07 November 2023 Shop Price annual inflation decelerated further to 4.3% in November, down from 5.2% in October. This is below the 3-month average rate of 5.3%. Shop price growth is at its lowest since June 2022. Non-Food inflation fell to 2.5% in November, down from 3.4% in October. This is […]
Commenting on the data, Jacob Spencer, head of commercial at BR-DGE said: “UK retailers have been quick out of the starting gate this past week to announce Black Friday discounts and deals, particularly as consumers look to reduce the overall costs of their Christmas spending. While shoppers look to secure big savings from this year’s […]
Web scraping and big data allow eCommerce businesses to gain insights from their competitors and get the most up-to-date information on pricing, promotions, and market trends. This is according to the leading web intelligence collection platform Oxylabs. As Black Friday and Christmas sales draw closer, competitiveness continues to grow, forcing eCommerce businesses to collect as […]
Almost half of UK adults (48%) have used Buy Now, Pay Later (BNPL) to spread the cost of purchases. In 2023, 7.4 million more people used BNPL compared to the year before. The increased usage of BNPL, isn’t expected to slow down as we enter the busy festive shopping period, in fact it has become […]
UK consumers are expected to spend £80.2bn on the high street in the last quarter of 2023, according to an analysis by point-of-sale and business management platform provider Clover This reflects a £2.3bn jump (2.95%) year-on-year as consumers look to find in-person deals, minimise last-minute returns, and experience festive cheer on the high street UK […]
New research from Kin + Carta, the global digital transformation consultancy whose Northern HQ is based in Manchester, has revealed that UK retailers are falling short when it comes to coherent experiences across their physical and digital footprints, potentially leading to a loss of revenue. The ‘State of Omnichannel 2023’ research found that only 36% […]
PayPoint is pleased to announce that it is expanding its partnership with Yodel and Vinted across its Collect+ network, the leading Out of Home parcel pick up, drop off and send service in the UK. The multi-year agreement will see significant transaction growth processed through the recently launched Collect+ Store to Store service, leveraging the […]
UK retail sales are predicted to hit £8.74bn across Black Friday Weekend as consumers make the most of the discounts available to them in the run up to Christmas. The VoucherCodes.co.uk, Shopping for Christmas 2023: Black Friday Weekend report predicts that this year total Black Friday Weekend retail sales will rise by a marginal 0.4% from £8.71bn […]
