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Retail

Rise in footfall: Brits head back to the high street

The high street saw a surge in footfall over the weekend, as easing of restrictions and opening of leisure businesses saw a 19.6 percent rise on Saturday and 28.3 rise on Sunday in comparison to the weekend before. Latest data from Springboard reveals London footfall rose by even more than across England; by 26 percent on Saturday and by over 40...

8 hours ago

Retail

UK government considers giving adults 500 pounds to boost physical retail

UK chancellor Rishi Sunak is reportedly considering giving all UK adults 500 pounds to spend on sectors hit hard by the Covid-19 pandemic, including brick-and-mortar retail. The plans, drawn up by think tank The Resolution Foundation, would see adults given 500 pounds and children 250 pounds in vouchers to be spent on sectors such as hospitality...

9 hours ago

Retail

Post-Covid: Consumers prioritize engagement, functionality and enriched experiences

The fragility of a consumer’s purchasing journey is revealed post-Covid-19, with nearly four in ten UK shoppers abandoning a purchase at least once a week. That’s according to new research commissioned by payment provider Klarna and e-commerce platform BigCommerce, who called on retailers to prioritize shoppers’ needs for the sake of their...

11 hours ago

Retail ANALYSIS

Target Australia increases its offer through the Catch e-commerce platform

New York - Wesfarmers, the owners of the Australian division of US department store operator Target, has decided to accelerate the integration of its online retail brands and offline. One year after acquiring Catch for 230 million dollars, Wesfarmers has taken a further step toward full integration of the e-commerce site into its department...

13 hours ago

Retail

Luxury's slow road to recovery

This spring, when then pandemic migrated to Europe and North America, all eyes were on Asia for signs of recovery and positive consumer sentiment. That recovery hasn’t fully happened. “Covid-19 has forced luxury brands to postpone their fashion shows and cancel promotions events, and has disrupted supply chains,” GlobalData Retail Analyst Suresh...

3 Jul 2020

Retail

60 percent of British consumers to avoid high street over the next month

With the loosening of Covid-19 lockdown measures in the UK, shops reopened and consumers were able to shop in-store again. However, British customers still remain wary about purchasing items in physical stores and online shopping is the current preferable option. That’s according to research commissioned by e-commerce platform ChannelAdvisor and...

3 Jul 2020

Retail

Landsec receives 60 percent of June rent, sees 'encouraging' footfall

Landsec said it received 60 percent of the net rent it was owed on 24 June and has seen “encouraging levels of footfall” since reopening its shopping centres, outlets and retail parks. The shopping centre operator said 60 percent of the 109 million pound net rent due on 24 June was paid within five working days, compared with 94 percent for the...

3 Jul 2020

Retail

Face masks mandatory in Scottish stores from 10 July

The use of facemasks will be mandatory in Scottish stores from 10 July as the country enters the next step of its reopening “route-map”. Exceptions will apply to children under 5 and people with certain medical conditions. “This is not a decision we have taken lightly. It has taken some time to reach this decision,” Scotland’s first minister...

3 Jul 2020

Retail

Covid-19 to have long-term effect on shift from retail to e-tail

As the UK reopens and consumers can once again visit physical stores, new research suggests that the lockdown will have long-term effects on the way we shop. In fact, an estimated 17.2 million British consumers plan to make permanent changes to the way they shop, according to a new report by global professional services firm Alvarez & Marsal...

2 Jul 2020

Retail

The state of the UK high street sees John Lewis, Harrods and Arcadia battle store closures and job losses

As June’s sales data across the retail sector slowly trickles in, companies like Harrods, John Lewis and Arcadia are confirming layoffs, store closures and other measures to cope with the impact of Covid-19. John Lewis, a stalwart of the British high street, said it is unlikely that all 50 of its stores will reopen. In a letter to its staff,...

2 Jul 2020

Retail

Hammerson collects 13 percent of Q3 UK rent

British property group Hammerson has announced that it has collected just 13 percent of rent for its UK destinations for the third quarter. The company, which owns Bullring shopping centre in Birmingham and Brent Cross centre in London, said that as at 29 June it has collected 13 percent of rent in the UK but said it was too early to comment on...

1 Jul 2020

Retail

The impact of the 14-day quarantine on the UK luxury industry

Tourists and foreign shoppers are likely to avoid coming to the UK, where the government-imposed 14-day quarantine means anyone arriving will not be allowed to leave the place they are staying for this duration. The U.K.’s luxury sector, along with many brands and retailers, is concerned of the impact the quarantine will have on recovering from...

1 Jul 2020