Merchants and online retailers could face an onslaught in bot attacks this Black Friday and Cyber Monday, with potentially 1 in every 40 online transactions expected to be a result of a fraudulent bot attack, according to analysis by LexisNexis® Risk Solutions. Evidence from the latest LexisNexis Risk Solutions Cybercrime Report, shows a growth in both […]
RSM has warned of a potential wave of cybercrime over the coming days on a scale not seen before. The leading audit, tax and consulting firm predicts cybercrime could increase by as much as 50%, as lockdown coupled with Christmas shopping creates a perfect storm for cybercrime. As retail experts predict a massive rise in […]
With an unprecedented Black Friday and Cyber Monday weekend on the horizon (27th – 30th November), eCommerce hosting and consultancy expert, Sonassi, advises retailers to strengthen their online presence and make the necessary preparations for a fatigue in consumer spending. James Allen-Lewis, development director at Sonassi, explains: “This year’s golden quarter has squeezed together three […]
In response to the Prime Minister’s announcement that all retail will be able to open when national restrictions end on 2 December, Helen Dickinson OBE, chief executive of the British Retail Consortium, said: “Retailers will be relieved by the government’s confirmation that all shops can reopen once the current restrictions are lifted. SAGE data has […]
October’s retail sales estimates, released today by the Office for National Statistics (ONS), reveal sales volumes soared by 5.8% year-on-year, up 1.2% from September’s results. However, the home delivery specialist ParcelHero says that High Street stores cannot take too much comfort in these figures, as they don’t reflect the impact of lockdown 2.0, which only […]
Responding to the latest ONS Retail Sales Index figures, which showed an 8.4% increase in overall sales (retail sales excluding fuel: J3L2), Helen Dickinson, chief executive of the British Retail Consortium, said: “October’s sales growth will seem a distant memory for many retailers as ‘non-essential’ shops remain locked down for the second week. AV equipment, […]
A continued demand from consumers for non-essential retail items increased prices in October but any prospect of growth will be short-lived if businesses are not able to re-open in December say leading tax and advisory firm, Blick Rothenberg. Mark Hart a retail partner at the firm said: “The latest ONS data on the retail price […]
In a clear sign that Christmas and Black Friday shopping has been pulled forward, retailers recorded a huge uplift in online sales for week commencing 1 November, with sales growth up +61%, the highest year-on-year rate since June and fourth-highest this year. While November always features high volumes of online orders, as people start to […]
An international study of over 1,000 senior professionals in the banking, lending, PFM, investment, and retail sectors by leading open banking provider Yolt Technology Services has revealed that two thirds (66%) of retailers using open banking are already deploying Payment Initiation Services (PIS), a technology which will be crucial for the future of the sector. […]
Online product discovery platform, Product Guru, has secured funds of £330,000 to disrupt the traditional retail buying process by re-inventing how products end up on shelves. The investment of £230,000 from Scotmid Coop and Techstart VC, with a further £100,000 funding from the Scottish Enterprise, follows a period of rapid growth for the retail tech […]
