Brits plan to chop expenditure due to coronavirus money worries

Brits plan to chop expenditure due to coronavirus money worries

Exclusive research* from Forbes Advisor UK has revealed the steps that the nation’s adults have taken over the past year to weather the financial storm triggered by Covid-19. Totting up the toll The anniversary of the first UK lockdown in March 2020 is nearly upon us, making it a good time to reflect on how the nation has coped with the most significant crisis, arguably, since the Second World War. Experiences have differed markedly, with some households enjoying an improvement in their finances as they have managed to work from home while avoiding the cost of commuting and daily incidental […]

UK shoppers continue to shop for groceries online

UK shoppers continue to shop for groceries online

During the first week of hospitality reopening, grocery sales at UK supermarkets declined by 6.7%, with overall Total Till grocery sales falling 2.7% in the four weeks to 22nd May 2021, with UK shoppers maintaining their spend for groceries online, with shopper penetration remaining high at 28% of households, and £1.25bn spent online in the last four weeks. However, despite this fall in grocery sales, food retail sales increased almost 11% compared with the same period in 2019, with shoppers spending £9.1bn2 over the four-week period. Without the requirement to limit unnecessary travel, NielsenIQ data also shows that visits to stores […]

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 […]

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 […]

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 […]