Shoppers are being advised to buy big if they want to avoid price hikes on eggs this winter – with the cost of very large eggs rising at a slower rate than medium ones. Experts from price intelligence company Skuuudle have revealed new data which tracks the rising cost of eggs over the past five […]
According to Savills analysis of Valuation Office Agency (VOA) data, the 2023 revaluation of business rates has the potential to polarise the market with some retailers and leisure operators faring better than others. Savills states that the changes are largely positive, with some retailers, such as department stores, prime high street retailers and shopping centres, […]
Despite latest news reports citing plunging crypto prices, a quarter (25%) of Brits would like Amazon to offer cryptocurrency as a payment option. The Cryptocurrency on the High Street Report by trusted savings site VoucherCodes.co.uk, analyses the UK’s attitudes and spending behaviours towards virtual currency. It reveals that over a third (34%) of people now […]
Black Friday brought retailers a small sigh of relief this year. Following months of consistent negative growth and against a backdrop of continued challenges, such as the cost-of-living crisis and postal strikes, retailers have collectively defied the odds and achieved +0.7% Year-on-Year (YoY) growth in November. While this figure is low and suggests some customer […]
New data has revealed there’s been a fall in positive sentiment in reviews recorded on Trustpilot in the UK since April this year, as consumers continue to feel the impact of the cost of living crisis. As part of the new quarterly ‘Online Review Index’, which is a dip into review data highlighting customer sentiment […]
Today, the British Retail Consortium (BRC) published its latest annual Payments Survey. The report reveals that in 2021, as stores closed for lockdowns and the public was advised to use contactless payments, cash usage fell to just 15% of all transactions (down from 30% in 2020), while 82% were made on credit or debit cards […]
British business is bracing itself for a difficult year ahead, new research from Europe’s leading open banking platform, Tink, has revealed. In a recent survey of UK online retailers, half (50%) said they are worried about how their business will survive the next 12 months, with four in ten (41%) afraid of going bankrupt. As […]
Sales figures are not adjusted for inflation. Given that both the November SPI (BRC) and October CPI (ONS) show inflation running at historically high levels, the small rise in sales masked a much larger drop in volumes once inflation is accounted for. Covering the four weeks 30 October – 26 November 2022 On a Total […]
We now include a bullet on YoY footfall changes. These figures are positive as, while retail remains below its pre-pandemic levels, it has continued to improve over the past year. In January we aim to return to focusing on YoY figures but will also provide a comparison to pre-pandemic levels for continuity. Covering the four […]
Trustly, a leading Open Banking provider, today reveals that Open Banking can maximise online returns for retailers this Black Friday Weekend, as in-person shopping remains below pre-pandemic levels. The findings are set out in a whitepaper, titled “How to maximize your Black Friday sales this year with Open Banking payments”, which is based on an […]
