Shops in England reopened 15th June, in Northern Ireland 12th June, in Scotland (mostly) 29th June, and in Wales 22nd June. UK footfall decreased 49.6% year on year during the third week of reopening in England and NI. This compares to a decrease of 53.4% year on year for the previous week. Footfall on high […]
The government is reportedly considering a reduction to the rate of VAT to encourage people to spend more. But, says accountants and business advisers Kreston Reeves, EU regulations will limit the Chancellor’s hand. Rupert Moyle, a partner and head of VAT at Kreston Reeves explains: “As we all know, the standard rate of VAT is […]
Four in ten UK shoppers (38%) abandon a purchase at least once a week, with a fifth (21%) claiming to do so more regularly. That’s according to new research by Klarna and BigCommerce, published today with a call for retailers to prioritise shoppers’ most fundamental needs for the sake of their bottom line as the […]
The BRC and Opinium have been working together to track consumer behaviours and their sentiment towards coronavirus. This research has run weekly since 1st May 2020, with the latest survey taking place between 26-29 June 2020. Public perceptions of retail staff has improved since the pandemic began. 35% saying their views of retail staff has […]
Period Covered: 01-05 June 2020 Shop prices fell by 1.6% in June compared to a decrease of 2.4% in May. This is below the 12- and 6-month average price decreases of 0.8% and 1.2%, respectively. Non-food prices fell by 3.4% in June compared to a decline of 4.6% in May. This is below the 12-and […]
Climate change remains one of the biggest threats to our planet and society. Despite currently facing the ongoing challenges of coronavirus head on, retailers are making a bold pledge to fight climate change and build a better world for everyone. Twenty major retailers have today signed a declaration to develop a roadmap to tackle the […]
The re-opening of shops provided a much-needed relief for retailers in the last two weeks, as the number of companies with a negative assessment of trading conditions plummeted from more than half (54%) to 37%, according to the latest Opinium-Cebr Business Distress Tracker. However, the overall business picture remains uncertain, and a third (35%) of […]
With Covid-19’s long-term impact on consumer behaviour still unclear, the week that high street stores reopened saw online retail sales surge by +41.3% year-on-year (YoY) and +1.8% week-on-week (WoW). This marks the second strongest YoY growth since lockdown measures were put in place, according to the latest IMRG Capgemini Online Retail Index, which tracks the […]
Covering the week 21 – 27 June 2020 UK footfall decreased 53.4% year on year during the second week of reopening in England and NI. This compares to a decrease of 81.6% year on year for the month of May. Footfall on High Streets declined by 58.1% year on year. This compares to a decrease […]
Emerging Payments Association (EPA) – Open letter Maha El Dimachki Head of Payments Financial Conduct Authority 12 Endeavour Square London E20 1JN, UK Dear Maha Open Letter to the FCA from the Emerging Payments Association Unfreeze Wirecard accounts as soon as safeguarded funds are proven and accessible The Emerging Payments Association (EPA) and its members […]
