More than half of U.K. consumers prefer digital shopping

More than half of U.K. consumers prefer digital shopping

Adventuring to different markets worldwide, PYMNTS continues to document how the digital shift that caught fire in 2020 continues shaping spend trends and consumer sentiments. The January 2021 Global Digital Shopping Index: United Kingdom Edition is based on a survey of more than 2,000 consumers and 560 merchants in the U.K. Among important findings of the new study is this: “The U.K. stands out in our study for the scale of its digital shopping shift: 54 percent of U.K. consumers now prefer wholly in-store shopping experiences. The rest are more inclined toward digital native shopping experiences in which they shop online and […]

U.K. retail sales fell more than twice in January lockdown

U.K. retail sales fell more than twice in January lockdown

U.K. retail sales fell more than twice as fast as expected in January as the latest national lockdown closed stores in what’s traditionally a busy period with post-holiday discounts. Sales in shops and online fell 8.2% after posting a small increase in December, the Office for National Statistics said Friday. It was worse than the lowest forecast and the third consecutive downside surprise. While the reading was less severe than the 18% drop during the first lockdown in April, it underscores the toll the restrictions are taking on retailers. All non-essential stores to shut for weeks at a time, damping […]

US Online apparel and footwear sales are growing rapidly

US Online apparel and footwear sales are growing rapidly

According to an analysis report released by Coresight Research, online apparel and footwear sales in 2020 will increase by 27.2% to $121.5 billion. Due to the epidemic, shoppers no longer went to stores to buy new clothes as frequently as before. Conversely, browsing sports pants and pyjama suits on the Internet has become a new buying habit. The market share of clothing retailers is shrinking day by day, and stores continue to close and go bankrupt. According to Euromonitor, the overall U.S. apparel and footwear growth rate has shrunk by approximately 12.1% this year. Last year’s online sales of clothing […]

The U.K. e-commerce market is likely to usher in huge growth

The U.K. e-commerce market is likely to usher in huge growth

Affected by the epidemic, it will take more than two years for the British economy to return to the level before the epidemic. To this end, the U.K. has provided companies with a new £4.6 billion support plan to deal with a new wave of epidemics. The U.K. epidemic continued to spread, with the death toll exceeding the level of World War II, and the death rate rose by 12.1%. British scholars predict that if the second wave of the epidemic does not reach its peak in the next two weeks, the death toll may soar to 120,000 by March. […]

The cost of rapid growth in UK e-commerce

The cost of rapid growth in UK e-commerce

2020 is drawing to a close, and the UK’s 11-month Brexit transition period is about to end on the first day of 2021. After four years of struggling and the replacement of three prime ministers, after the two general elections, how will the Brexit negotiations finally end? Britain may leave the EU, and the trillion-euro trade will disintegrate soon On December 10, local time, the British Prime Minister stated that it is “very likely” that the UK will leave the European Union without a deal and said that “now is the time” for businesses and individuals to prepare a no-deal […]

Freshvoucher.Co.Uk Offers More Than 100,000 Vouchers to Help Shoppers Save Money

Freshvoucher.Co.Uk Offers More Than 100,000 Vouchers to Help Shoppers Save Money

Shoppers like to use the site because it is easy to navigate and search for items. It’s a huge opportunity to get top quality items while saving money for future purpose   UK: The current financial and economic situation in the UK is so serious that people need to look for ways to save money. The freshvoucher.co.uk site offers discounts, coupons, and vouchers to help UK shoppers save while enjoying top quality products. On the freshvoucher.co.uk, shoppers can get all kinds of items. The site offers more than 100,000 vouchers to help people save more than 50% off the price […]

UK e-commerce GMV during the holiday season may reach 36.4 billion USD

UK e-commerce GMV during the holiday season may reach 36.4 billion USD

The development of the British e-commerce market is very mature. Up to now, the GMV brought by the British e-commerce market has accounted for 30.9% of its entire retail industry this year, second only to China (41.2%). The UK’s logistics, delivery and warehousing Infrastructure and other aspects are relatively complete. Bill Fisher, a senior analyst at eMarketer, said, “We expect that e-commerce GMV will increase by about 16.7% in the UK holiday season this year, and the logistics and delivery in the UK market seem to be ready for a busier holiday season than usual.” Besides, some consumers have already […]

The British royal family began to do e-commerce: a pair of socks sold for 69 pounds.

The British royal family began to do e-commerce: a pair of socks sold for 69 pounds.

The Royal Collection Foundation’s latest product in its online store has aroused heated discussions, and a pair of socks can cost as much as 69 pounds. According to media reports, the royal family may wish to sell socks to make up for the financial losses suffered during the epidemic. According to Daily Mail, the British royal family suffered a considerable financial crisis during the epidemic. Its income this fiscal year is expected to decrease by 64 million pounds. This has made the British royal family also have to become an “e-commerce”. Although the socks, which are priced at 69 pounds, […]

The epidemic accelerates the rise of fashion e-commerce platforms

The epidemic accelerates the rise of fashion e-commerce platforms

Fashion e-commerce has experienced rapid growth under the acceleration of the epidemic. In 2020, the only winner in the fashion industry was e-commerce. If you inquire about the investment news of fashion e-commerce companies during the epidemic, you will be surprised by their number. Cost-effective clothing and home furnishing Not long ago, Jane, an American clothing and home accessories trading platform, received a $40 million investment. This is the first investment of the e-commerce company. Jane was founded in 2011, focusing on providing women with fashion clothing, accessories, home accessories and children’s clothing and other products. This is an e-commerce […]

Holiday shopping in the EU exceeds that in non-EU regions

Holiday shopping in the EU exceeds that in non-EU regions

According to the latest data, cross-border sales in the United Kingdom in 2020 increased by 57% year-on-year. In the fourth quarter, when the holidays gathered, transaction volume skyrocketed, and cross-border e-commerce business volume increased by 42% compared with the same period last year. According to statistics of 270 British retailers and brands engaged in cross-border business, the cross-border business has grown steadily since April 2020. Following the atmosphere of national shopping during the holiday season, sales began to surge sharply in early September, and the trend has continued since then. Holiday shopping: demand in the European Union exceeds that in […]