Checkout finance provider, Divido, has announced the upgrade of its UK direct-to-merchant platform to now give merchants easy access to retail finance across Europe. With ‘Divido Connect’ merchants can now uniquely offer retail finance from a network of reputable lenders across the UK and Europe. Previously available in the UK, and now in France, Belgium, […]
UK retail spending was down 3% year-on-year from January to March, as we move deeper into the prolonged rise in the cost-of-living, according to a new report from advertising platform, Cardlytics. The State of Spend report, based on the spending habits of over 20 million UK bank cards, and polling of 2,000 UK consumers shows […]
Responding to the latest ONS Retail Sales Index figures, Helen Dickinson, chief executive of the British Retail Consortium, said: “May’s three bank holidays gave retailers a needed boost as sales growth accelerated to 7.7%. This could be seen for books, and SPF cosmetics in particular, which improved due to the brighter weather at the end […]
Responding to the latest CPI inflation figures which shows headline inflation remaining at 8.7% and food inflation falling to 18.3%, Helen Dickinson, chief executive of the British Retail Consortium, said: “It is a really positive sign that food inflation has fallen for the second consecutive month, the first time this has happened since the Ukraine […]
UK food and drink manufacturers’ costs fell for the first time in more than seven years in May, according to the Lloyds Bank UK Sector Tracker, providing reason for optimism around future UK food price inflation. In May, the sector posted 49.4 on the Tracker’s measure of input costs – the first month it has […]
Despite consistent declines in Year-on-Year (YoY) online retail revenue performance, in May the total market geared closer to positive-territory growth (-1.2%), that is according to IMRG’s Online Retail Index which tracks the online sales performance of 200 retailers. It was a promising month for the market, as it rose +2.4% from April. King Charles III’s […]
PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, has called on the government to embrace a ‘a generational’ to re-energise the UK retail investment market, six months on from the Edinburgh Reforms. PIMFA welcomes the engagement from the government and the regulator in the past six […]
PayPoint has announced the rollout of PayPoint Engage, a new proposition that allows FMCG brands to partner with a network of 40,000 convenience stores, to boost product sales and drive additional footfall and spend for retailers. PayPoint Engage offers FMCG brands the ability to drive consumer spend, create digital interactions, push new product development and […]
Sales figures are not adjusted for inflation. Given that both the May SPI (BRC) and April CPI (ONS) show inflation running at historically record levels, the rise in sales masked a much larger drop in volumes once inflation is accounted for. Covering the four weeks 30 April – 27 May 2023 UK Total retail sales […]
Retail sales volumes rose an estimated 0.5% in April, following a 1.2% decline in March Sales volumes rose by 0.8% in the three months to April 2023 when compared with the previous three months, the highest rate since August 2021 The month saw increases in both Food (up 0.7%) and non-food (up 1.0%) store sales Retail sales had […]
