From Furby to Grimace, brands cash in with nostalgic reboots
Furby and Polly Pocket are making a comeback -- and don't forget Surge soda and McDonald's Grimace -- as businesses deepen bets around consumers' nostalgia for decades-old brands.
UK retail marketers squander 47% of their ad budgets on low stock items
Recent findings expose a trend among UK retail marketers, who risk customer dissatisfaction and dwindling revenues by allocating marketing spend to low-stock items.
Gift card sales skyrocket by 26% for grocery retailers
A rising trend has emerged from a recent study, revealing that consumers are increasingly turning to gift cards and vouchers as a creative response to economic challenges.
A reported 60% of retailers want to adopt AI and newer technologies in the industry
Retailers are embracing a tech-driven revolution as 60 per cent of them prepare to harness the potential of AI and new technologies for an enhanced shopping journey, both online and in-store, in the coming year.
Apple moves iPhone production to India to reduce reliance on China
Apple is reportedly prepping to bring a slew of major upgrades to the iPhone 15 series including an improved camera setup, a more powerful chipset, and more.
Brits unwilling to let neighbours use their Wi-Fi despite increased broadband costs
A new survey by ExpressVPN has revealed that despite increased broadband costs affecting many Brits, people are reluctant to lend their Wi-Fi to others.
Russia tests digital ruble in bid to bypass sanctions
Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.
US retail sales bounce with online spending boost
US consumer spending rose more than anticipated in July, according to government data released Tuesday, boosted by online spending in a show of resilience even as the economy cools.
British SMEs set to receive further support on how to become green and sustainable
A recently launched platform, the UK Business Climate Hub, will advise British SMEs on lowering their energy bills and minimising emissions to help go green and achieve net zero.
Why is the majority of people in the UK unsettled about social media?
A recent Barclays study has unveiled a startling statistic that 76 per cent of British individuals find themselves uneasy on social media platforms due to the rampant presence of scammers.
Recent report reveals financial barriers to British SMEs' sustainability
The report revealed that 78 per cent of UK small businesses prioritise sustainability in their strategies – but face barriers due to the high costs of implementing eco-friendly infrastructure.
New British High Commissioner aims to strengthen UK-Malaysia ties and boost trade relations
British High Commissioner-designate Ailsa Terry begins her role in Kuala Lumpur, focusing on enhancing UK-Malaysia ties, trade partnerships and climate cooperation through CPTPP.
Nearly two-thirds of UK shoppers are less loyal to brands because of macroeconomic issues
Economic shifts have altered consumer behaviour, leading to a decline in brand loyalty among Londoners, with 60 per cent feeling less attached to brands than two years ago, as per new research.
Government White Paper promises long-awaited reform of the UK gambling sector
The authors of this research, law firm Arnold & Porter's (London) Sean Curran, Partner, Melissa Dames, Senior Associate, and Rosa Hurdidge, Associate, take a deep dive into the UK government's White Paper on the gambling sector.
Recent data reveals UK parcel volumes experience first drop in over a decade
New data reveals a noteworthy drop in UK parcel volumes, marking the first decrease in over a decade. However, the global parcel shipping index saw a modest growth of one per cent due to Chinese lockdowns.
UK retailer Wilko collapses, risking 12,500 jobs
British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting about 12,500 jobs as high inflation and interest rates hurt consumers and businesses.
FIFA Women's World Cup Quarter Finals is predicted to earn the retail and hospitality sector £145 million
A recent report anticipates a significant surge in spending, projected to reach £145 million, as the FIFA Women's World Cup 2023 Quarter Finals kick off on August 11th.
UK grocery shoppers continue to struggle with 'shrinkflation' and 'drinkflation'
Grocery shoppers are feeling the pinch as "shrinkflation" continues to shrink product sizes while costs stay the same or increase, while the added woe of "drinkflation" impacts alcohol purchases.
Online sales bounce back in June and July, marking first YoY growth in the digital economy
Mid-year data from Adobe Analytics shows a decline in online prices for non-essential items after Amazon Prime Day, with the online pricing of items across all categories declining by 3.2 per cent year-over-year.
UK's electrification boom sees EV sales represent over half the entire market share
PwC's electric vehicle sales review recently revealed that EV sales in the UK represent 54 per cent of the entire market share, with hybrid models being the most popular choice by drivers in the UK.
Global vehicle conversion market set to expand as consumers seek cheap electric cars
Vehicle Conversion may be half as expensive as buying a new model, but there are a number of drawbacks for drivers seeking cheap electric cars.
Landmark judgment upholds CMA's battle against unethical Pharmaceutical pricing practices
Competition Appeal Tribunal upholds CMA's verdict against Advanz Pharma for exorbitant pricing of liothyronine tablets, imposing £84M fine, marking a pivotal victory against pharmaceutical exploitation.
UK retail sales face July slump due to rainy weather, analysts optimistic for rebound
July's inclement weather caused a dip in UK retail sales, with indicators pointing to its substantial influence. However, analysts are optimistic about a potential resurgence in the second half of the year.
UK pig industry becomes profitable after two years of losses
Market reforms in the UK pig industry pave the way for a swine resurgence, with analysts from the Agriculture and Horticulture Development Board (AHDB) saying pig farmers were still losing an average of £17.
Unfavourable weather conditions threaten consumer prices and agricultural output
Concerns over food inflation are intensifying as weather conditions threaten consumer prices and food security, particularly affecting crops like wheat, barley and potatoes.
Report uncovers alarming vulnerability of UK websites to bot attacks
The report reveals that 66 per cent of UK websites are vulnerable to basic bot assaults, posing serious risks to British businesses
Is the Smart Data reforms what UK businesses need to thrive?
A business alliance led by MP John Penrose is urging the government to expedite Smart Data reforms, to enhance the competitiveness of British exporters, among others.Business leaders rally behind urgent smart data reforms for British competitiveness and consumer benefits
Britain's cost-of-living crisis could intensify over probable taxi fare hike by private taxi operators
A landmark verdict is set to change how taxes like VAT are applied to private taxi operators, making way for a hike in taxi fares.
Many heat network customers are in line to receive fairer prices for their energy bills
Plans are being put in motion by the government to provide better consumer protection for heat network customers and reduce their energy bills.
Londoners spend almost £1 billion a year on beauty products
In the lingering financial crisis, the "lipstick effect" takes centre stage as consumers turn to small indulgences for comfort, leading to a 1,006 per cent increase in demand.