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
The volume of retail sales grew for the third consecutive month in the year to January according to the CBI, but sales for the time of year were the weakest against seasonal norms in over four years. Growth in online sales rose firmly in the year to January at the fastest rate since this time
Alan Monahan writes: Fed up with reading downbeat pre and post-holiday stories about footfall and predicted sales, I turned in desperation to Amazon Echo, my new Christmas toy, to find out if the future looked brighter for retailers. Surely the all-knowing Alexa would be able to tell me if shop owners could expect economic salvation
Retail Reflections: Can small retailers fill the void left by big chain stores? Read More »
The continued surge in online shopping will see over £2.5bn of unwanted Christmas presents returned to retailers, according to LCP Consulting. Stuart Higgins, its director of retail, says: ‘The price retailers have to pay for online growth is pretty substantial.’ UK consumers lead the world when it comes to internet shopping, with an average of
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