More than 200 UK shopping centres, collectively worth around £7 billion, are at risk of closure if their owners fail to secure fresh equity for refinancing and ‘much-needed redevelopment’, according to asset management company APAM. Retail sales growth slowed in the year to October, following four consecutive months of firm sales during the summer, according
As an incentive for people to shop in person and for online retailers to lease physical stores, international property firm Colliers International suggests that the government should create a two-tiered VAT system where shoppers would be charged 15% for purchases in stores and 22.5% for online transactions. Meanwhie, Tesco chief executive David Lewis has again
More than 82% of UK consumers would rather shop in a bricks and mortar store than buy online because products can be viewed before committing to a purchase, according to e-commerce agency PushON. However, its survey of 1,000 shoppers revealed that 52% of those believe that retailers need to offer a more seamless experience between
Retail news round-up: Preference for shopping in physical stores; Christmas comes early Read More »
Retail sales grew at their fastest pace since September 2017 in the year to June, according to the CBI’s latest Distributive Trades Survey. It also revealed that sales volumes were well above average for the time of year. Additionally, the survey reported a jump in growth in the volume of orders placed on suppliers. The
Retail news round-up: Sales; business and consumer confidence; surplus shops Read More »
Online retail parcel delivery order volumes were up + 13.9% year on year in April, according to IMRG data. Easter fell early this year (in March), so a dip in volumes may have been expected in April due to a tough comparator with last year, when Easter was in April. However, the monthly decline on
Retail news round-up: Online parcels; falling prices; worst and best retailers Read More »
Total like-for-like in-store sales were down by -10.1% in March from a flat base last year, according to BDO’s High Street Sales Tracker. BDO said that the second worst month on record was primarily due to the severe winter weather. Footfall dropped by -3.3% over the four-day Easter weekend from Easter last year, but Springboard
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