A continued demand from consumers for non-essential retail items increased prices in October but any prospect of growth will be short-lived if businesses are not able to re-open in December say leading tax and advisory firm, Blick Rothenberg. Mark Hart a retail partner at the firm said: “The latest ONS data on the retail price […]
In a clear sign that Christmas and Black Friday shopping has been pulled forward, retailers recorded a huge uplift in online sales for week commencing 1 November, with sales growth up +61%, the highest year-on-year rate since June and fourth-highest this year. While November always features high volumes of online orders, as people start to […]
An international study of over 1,000 senior professionals in the banking, lending, PFM, investment, and retail sectors by leading open banking provider Yolt Technology Services has revealed that two thirds (66%) of retailers using open banking are already deploying Payment Initiation Services (PIS), a technology which will be crucial for the future of the sector. […]
Online product discovery platform, Product Guru, has secured funds of £330,000 to disrupt the traditional retail buying process by re-inventing how products end up on shelves. The investment of £230,000 from Scotmid Coop and Techstart VC, with a further £100,000 funding from the Scottish Enterprise, follows a period of rapid growth for the retail tech […]
Just as the growth rate began to normalise throughout September and the beginning of October, online retail sales have spiked once more. As rumours of a second lockdown began to gain strength, the growth in spend between the third and fourth weeks of October soared past the 2019 figures (1.3% and 4.8% YoY), surging from […]
In the midst of a second national lockdown, it is imperative retailers make every effort to ensure their IT systems are water-tight against the threat of cyber-attacks. This is according to James Allen-Lewis, development director at Sonassi. Recent data from the UK’s National Cyber Security Centre (NCSC) revealed, it had handled a record number of […]
Covering the four weeks 4-31 October 2020 On a total basis, sales increased by 4.9% in October, against a decline of 0.3% in October 2019*, It is in line with the 3-month average growth of 4.9% and above the 12m average decline of 0.7%. In October, UK retail sales increased 5.2% on a like-for-like basis […]
Online sales set for growth of +35-45% during the Black Friday peak Some retailers have switched on their campaigns earlier this year Shoppers are encouraged to buy for Christmas earlier this year if possible With non-essential stores now closed until December, IMRG are forecasting online retail sales growth in the range of +35-45% during the […]
Thousands of non-essential stores have shuttered once again but couriers and retailers are continuing to deliver to the front door. ParcelHero says stores are far better prepared for the expected 54% boom in home deliveries this time, though networks will be stretched thin as lockdown deliveries clash with Christmas peak. As lockdown 2.0 closes Britain’s […]
Covering the four weeks 04 – 31 October 2020 According to BRC-ShopperTrak data: Year on year UK footfall decreased by 33.5% in October, with a 3.4 percentage point decline from September. This remains below the longer-term 12-month average decline of 32.9%. Footfall on high streets declined by 39.3% year on year. This was the worst […]
