Covid-19 continued to reshape the retail landscape in May, as consumers acclimatised to the enforced shift of shopping online. The UK’s second month under lockdown saw online retail sales swell to a twelve-year high, up a staggering +32.7% Year-on-Year (YoY) in May. That’s according to the latest IMRG Capgemini Online Retail Index, which tracks the […]
Mastercard (MA) today introduces www.ShopOpenings.com, a new online search tool that confirms which shops and businesses are open for customers to visit as the nation gradually reopens over the coming weeks, in line with Government guidance. Built in partnership with Sixth Sense, this new search site is free to use and offers people a latest […]
Shop prices fell by 2.4% in May compared to a 1.7% decrease in April. This is below the 12- and 6-month average price decreases of 0.7% and 1.0%, respectively. This is the highest rate of decline since our series began in December 2006. Non-food prices fell sharply by 4.6% in May compared to a decline […]
Responding to the chancellor’s latest announcement, Helen Dickinson OBE, chief executive of the British Retail Consortium said: “Retailers are working extremely hard to prepare shops for reopening and we welcome the furlough scheme extension which will continue to provide much-needed support. “Businesses, however, will remain under pressure as discretionary spending is likely to remain subdued […]
A family run fruit and vegetable wholesaler has launched a delivery service offering an expanded range of products to homes across Scotland’s Central Belt, with support from Bank of Scotland. The majority of Charles Stamper Fruit & Veg’s customers, which include bars, restaurants, hotels and schools, closed their doors when the government mandated lockdown came […]
Retail figures for April released by the ONS highlight how much retailers need to change the way they do business says leading tax and advisory firm Blick Rothenberg. Milan Pandya, a partner at the firm said: “With the country in lockdown, it will come as no surprise that data released by ONS showed that there […]
Helen Dickinson, chief executive of the British Retail Consortium, said: “Many retailers are eagerly looking forward to reopening stores from 15th June in order to meet the needs of their customers. Lockdown has cost non-food stores £1.8bn a week in lost revenues and with sales expected to remain weak, even as shops begin to reopen, […]
Office of National Statistics (ONS) retail sales estimates for April will result in the extinction of many much-loved stores, fears the UK home delivery specialist ParcelHero. Scientists refer to the world’s biggest-ever extinction event 250 million years ago as ‘The Great Dying’, and ParcelHero says that the coronavirus could well create an equally catastrophic event […]
Responding to the Prime Minister’s announcement that retailers will be able to begin reopening next month, Helen Dickinson, chief executive of the British Retail Consortium, said: “We welcome the announcement of the government’s roadmap for reopening a broader range of shops next month, which provides much needed clarity on the route ahead. Safety is the […]
The coronavirus has forced many older shoppers to buy online regularly for the first time. As lockdown loosens, ParcelHero says internet retailers must do their best to retain baby boomers’ custom and permanent changes should be made to sites seeking the grey pound. One positive result of the national lockdown has been that increasing numbers […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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