A ‘bounce-back’ plan of trade measures for the consumer and retail industry has been announced by Exports Minister, Graham Stuart, MP, to help support businesses impacted by Coronavirus, boosting exports and increasing British retail firms’ readiness to sell overseas. New plans include the creation of a Consumer and Retail Export Academy to help businesses export,
Government reveals bounce-back plans for retail industry Read More »
The Office for National Statistics (ONS) reported that retail sales in August rose by 3.3% compared with the same month a year earlier and by 0.3% on a month-to-month basis. This has surprised economists who had expected shoppers to rein in their spending. The unexpected results were driven by a rise of 4.5% in the
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 »
UK retail sales suffered their biggest quarterly fall in a year as the ‘Beast from the East’ kept shoppers away from the high street. Sales volumes fell 1.2% in March, compared with February. Sales of clothing, petrol and food all suffered, according to the Office for National Statistics. Fifteen major UK retailers or restaurant groups
Retail news round-up: Beastly sales; rates rises hit stores; Amazon in top five Read More »
Some of the UK’s biggest retailers have pledged their support for an action plan launched by the British Retail Consortium (BRC) called Better Retail, Better World. Those already signed up to the programme include John Lewis, Kingfisher, Sainsbury’s, M&S, Dixons Carphone, Next, Boots, Aldi, Co-op, House of Fraser, Fenwick, Ikea, Lidl, Morrisons, Ocado, WHSmith, Wilko,
Better Retail, Better World Read More »
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