UK's pandemic-led online shopping boom phasing out as online sales drop by 3.3% in May
In May alone, online sales declined by 3.3 per cent. The figures highlight how non-store sales, that is online sales, were down in three out of four weeks in May.
Study finds online businesses lose billions and disappoint customers due to limited delivery options
A recent study by a delivery management firm reveals that the lack of delivery options is costing online businesses billions and leaving customers unsatisfied.
Mobile wallets overtake traditional wallets as UK consumers embrace digital convenience
The increasing adoption of smartphone-based digital wallets is transforming the dynamics of consumer behaviour, thereby ushering in a new era of spending in the UK.
Study reveals online chat services of UK retailers offer inaccurate consumer rights advice
A recent study by Which? shows the online chat services of major UK retailers give inconsistent and incorrect advice on consumer rights.
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How AI is being used to revolutionise fashion for retail and luxury brands
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Grown Close, Sold Close - Unveiling the ups and downs of local sourcing in British supermarkets
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Widespread sale of counterfeit goods thrives on social media and e-commerce platforms, study reveals
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The inaugural Made in UK, Sold to the World Awards celebrates SMEs
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Inflation takes food prices nearly 9% higher than this time last year
Just when it looked like we reached a turning point in the fight against inflation, figures from last-month show its impacts are still biting retailers. Inflation has taken food prices 8.9% higher than this time last year.
UK retail sales volume slips by nearly 1% in March due to unfavourable weather
The UK saw a 0.9% drop in retail sales volumes in March as a result of poor weather. However, the 3-month trend presents an optimistic outlook for retailers.
Around 50% of UK retail investors lack knowledge about ETFs and IFISAs
A recent study shows that numerous UK investors are unaware of tax-efficient investment options such as ETFs, IFISAs and other products beyond traditional ISAs.
Direct-to-consumer e-commerce surpasses £122 billion, doubling post-pandemic
DTC sales took off as a lifeline during Covid, now surpassing £122.7 in sales, according to eMarketer. However, companies must ensure they are properly equipped if they are to capture DTC's significant future potential.
UK shoppers turn to discount stores and second-hand shops amid cost of living crisis
UK retail sales rose in February as consumers' confidence reached a one-year high while US market struggles amid banking moves and monetary tightening.
More people are taking advantage of Buy Now Pay Later services
Recent data from Adobe Analytics shows the growth in the demand for online home furnishing and groceries shopping, by shoppers leveraging on Buy Now Pay Later.
Crisis in agricultural goods' availability as snow storm hits the UK in March
The shortage in agricultural goods impacting the UK is drifting to a harsh scenario as a result of the weather condition and supermarkets' policies in attaining supply.
BCI and Big Data in gaming: A new data-driven approach to monetisation
"In my opinion, this lack of innovation doesn't only limit the video game market potential but also impacts player experience."
UK retailers have to be transparent to gain loyalty of customers, says retail experts
Retail experts advise UK retailers to be transparent as customers remain prudent in spending despite increase in retail sales in February.
Artificial Intelligence might be the answer UK retailers need
Artificial intelligence and cloud-based analytics could be the biggest help for retailers to understand customer behaviour in 2023.
Chief Growth Officer at CI&T believes technology is key to the fruit and vegetable shortages
The UK faces fruit and vegetable shortages up until May. However, experts like the Chief Growth Officer at CI&T are convinced that technology could be the answer to the UK's farming issues.
Supply chain expert urges UK retailers to utilise modern technology solutions amid weather crisis
Vice President of Product Marketing, e2open, urges UK retailers to utilise modern technology solutions for logistics management amidst weather crisis.
Rebecca Crook admits that 'times are tough for retailers' despite 0.5% retail sales growth
The Chief Growth Officer of CI&T stressed that it is crucial for retailers to up their game to survive this period, as consumers are engaging in prudent buying.
Inflation will add £18 billion to UK non-food retail sales in 2023
Research from Metapack, ShipStation and Retail Economics reveals consumers tend to pay more for less, with inflation adding £18.2 billion to UK non-food sales, regardless of the decline in volumes by 4.9%.
Retailers should focus on scalable internet connectivity, claims major network company
High-quality internet connectivity is crucial to providing consumers with the best possible experience, according to a network service provider.
How e-commerce is changing the face of traditional commerce in the UK
Electronic commerce is gradually replacing physical stores in the British economy. However, brick-to-mortar stores are still strong pillars of UK business.
Exploring the UK Fashion supply chain crisis
Fashion supply chain characterised by short product life cycle and high volatility as demand in fast-paced industry remain unpredictable since Covid-19.
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