Lloyds Banking Group has entered a partnership with fintech Bink. Together they will transform the way customers of the bank’s retail brands are able to connect with retailers and their reward and loyalty programmes. Bink’s technology links a customer’s payment cards to participating retailers’ loyalty and customer engagement programmes. This ensures customers are identified and […]
Period Covered: 01 – 07 February 2022 Shop Price annual inflation accelerated to 1.8% in February, up from 1.5% in January. This is above the 12- and 6-month average price decrease of 0.3% and increase of 0.5%, respectively. This marks the highest rate of inflation since November 2011. Non-Food inflation accelerated to 1.3% in February, […]
New Government figures show January’s online retail sales collapsed by -4.5% against the previous month and -20.8% against January 2021. However, that doesn’t mean the e-commerce genie has been put back in the bottle, says ParcelHero At the height of the pandemic, back in February 2021, online sales grabbed 35.6% of all retail trade as […]
National independent business directory & marketplace, Shopli, believes shopping has changed for good as consumers are more focussed on their local communities, sustainability and supporting independent businesses and this trend is set to continue to grow in 2022. This optimism is being reflected in recent figures from the BRC-LDC Vacancy Monitor that shows the level […]
Responding to the latest ONS Retail Sales Index figures, which showed 11.6% year-on-year sales growth in January (value, non-seasonally adjusted retail sales excluding fuel: J3L2), Helen Dickinson, chief executive of the British Retail Consortium, said: “Despite falling consumer confidence, retail sales held up well in January as retailers went to great lengths to keep up […]
UK retailers have cancelled £7.1bn in contracts across the last 12 months with suppliers that don’t meet stringent ethical and sustainable standards, new research reveals. The report out today from Barclays Corporate Banking – Reshaping retail: how ethics and sustainability are changing retail’s ecosystem – shows that the pandemic and an increasing focus on Environment, Sustainability and […]
Ambitious food and drink producers in Greater Manchester that are keen to grow their brand now get expert help thanks to the return of a popular GC Business Growth Hub programme. The Hub’s ‘Recipe4Success’ scheme has supported hundreds of small food and drink operators to develop and raise the profile of their business, since it […]
Big spenders return to the high street but the big squeeze means this could be short-lived. Retail sales surge by 11.9% in January according to the BRC-KPMG Retail Sales Monitor. Barclaycard survey shows 9 out of 10 are worried about cost of living squeeze. 3 out of 10 say they will spend less on discretionary […]
The pandemic has meant much of retail bounced between being open and closed, significantly impacting sales and changing consumer behaviours. In January 2021, non-essential retail stores were closed, pushing many consumers to buy goods online. In this context, while all comparisons are provided on a year-on-year (YoY) basis, those focused on online/in-store have also been […]
Covering the four weeks 02 January – 29 January 2022 Since the pandemic started, much of retail has bounced between being open and closed, impacting footfall significantly. To make meaningful comparisons to changes in footfall, all 2021 figures are compared to their pre-pandemic levels. This means our Jan/Feb 2022 figures are year-on-two-years (Yo2Y), rather than […]
