US retailers voice alarm at rising theft, 'flash rob' attacks
Toothpaste, chocolate, washing powder and deodorant -- everyday products are increasingly under lock and key at US retailers, as petty theft and organized shoplifting rise while consumers grapple with costs of living.
The shockwaves of Russia exiting from the Black sea grain deal could make global flood inflation hard to contain
Asian countries like India are resorting to high export duties on grain exports to contain global food inflation while the UK is reducing dependency on Ukraine.
Global stocks mostly fall ahead of central bank gathering
Wall Street stocks fell Thursday as markets braced themselves ahead of a major speech by Federal Reserve Chair Jerome Powell as a rally fueled by artificial intelligence star Nvidia fizzled.
UK government's recycling scheme could cost more than £1.8 billion
Amidst the government's ambitious push for a £1.8 billion annual DRS, retailers clash over its soaring costs, while Tesco electrifies its delivery fleet, making strides toward sustainability and cleaner air.
With the unique volatility of the UK housing market, is now a good time to buy or sell property?
The Halifax House Price Index found a -2.4 per cent annual decline, a monthly change of -0.3 per cent, in house prices, with the Director of Halifax Mortgages insisting that the equivalent of this drop in terms of cash is a thousand pounds.
Exploring the Best Vaping Partnerships in 2023
Discover the most innovative and impactful vaping collaborations of 2023 in this comprehensive exploration of strategic partnerships within the vaping industry.
A reported 82% of shoppers face out-of-stock products as post-pandemic and inflationary pressures persist
New data from Retail Insight reveals a mounting crisis as shoppers report an increase in out-of-stock products, fueled by factors like COVID-19 aftermath, geopolitical tensions and climate concerns.
How can data analytics drive decision-making and growth for British e-retail SMEs?
With a majority of retail stores going digital, businesses are faced with a large volume of data – and data analytics is providing evidence for SMEs to make educated decisions.
Internet of things and AI are creating personalised guest experiences for the hospitality industry
From personalised guest experiences to operational efficiency gains, these technologies are reshaping the industry and setting new standards for excellence.
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.