As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900bn being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up roughly £1.50 out of every […]
Period Covered: 01 – 05 March 2021 Shop Prices fell by 2.4% in March, the same rate of decline as in February. This is below the 12- and 6-month average price decreases of 1.8% and 2.0%, respectively. Non-Food prices fell by 4.0% in March, compared to a decline of 3.9% in February. This is the […]
Responding to the latest ONS Retail Sales Index figures, which showed an 1.3% decrease in overall sales (non-seasonally adjusted retail sales excluding fuel: J3L2), Helen Dickinson, chief executive of the British Retail Consortium, said: “Retail sales fell for the second consecutive month in February, and non-food stores saw their fourteenth month of decline with a […]
In a new study by Kaizen, this latest report reveals which e-commerce brands are taking the lead with growing traffic and brand awareness due to their digital marketing efforts. The brands analysed saw a 44% increase in traffic on average over the past year The report also reveals that brands saw an increase in brand […]
Responding to the latest ONS jobs figures, which show 3.097m jobs in retail, down 67,000 year-on-year, Helen Dickinson, chief executive of the British Retail Consortium, said: “While the Christmas quarter traditionally sees a rise in retail jobs, the last quarter of 2020 saw the lowest Q4 job numbers since 1999. While the second wave of […]
Coca-Cola Great Britain will help its small, independent customers find the secret to business success under a new ‘Project Open’ accelerator programme designed to help cafes, pubs and restaurants recover from the Covid-19 pandemic. A handful of entrepreneurs from across the UK will get exclusive access to senior experts at Coca-Cola GB, Coca-Cola European Partners, […]
Matt Jackson, Head of Partner Development, EMEA at PPRO Following a period of digital transformation which saw e-commerce accelerate forward 10 years in just 90 days, the opportunity for cross-border growth has increased exponentially. Today, up to 80% of shoppers across Europe’s three largest markets (France, Germany and the UK) are making at least half […]
Responding to the extension of protections for commercial tenants until 30 June, Helen Dickinson, chief executive of the British Retail Consortium, said: “After months of lockdown, this announcement provides much-needed breathing space to retailers impacted most by the pandemic, many of which are sitting on rising rent liabilities. Retailers have lost over £22bn of store […]
Covering the four weeks 31 January – 27 February 2021 On a total basis, sales increased by 1.0% in February, against a growth of 0.1% in February 2020. This is above the 3-month average growth of 0.6% and the 12-month average decline of 0.3%. UK retail sales increased 9.5% on a like-for-like basis from February […]
The argument for a cashless society has been around for a while, but the rapid rise of the coronavirus crisis has intensified the debate again amid concerns about banknotes and coins transmitting the virus. In addition to this, the increasing decline of high street bank branches and ATMs has made the possibility of a cashless […]
29/01/2021
Edition 290 – January/February 2021
It’s the economy By Business Money group editor Robert Lefroy The Long Haul 2...
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