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 […]

Due to the epidemic, there is a shortage of cartons in the UK

Due to the epidemic, there is a shortage of cartons in the UK

The epidemic has changed people’s consumption habits. Many people in the UK have become accustomed to online shopping, which has led to a surge in demand for paper packaging from businesses. However, due to the epidemic, there is a shortage of cartons in the UK, and recycling is also facing difficulties. In the UK, with the extension of the epidemic lockdown period, online shopping has become more and more common. From potted plants to bicycles, they are packaged and sent directly to consumers’ homes. The surge in online orders has greatly boosted the demand for packaging cartons. Many merchants stated […]

The epidemic has forced the UK to accept online shopping

The epidemic has forced the UK to accept online shopping

It has been more than a year since the British official confirmed the first case on February 1, 2020. Even if the United Kingdom first implemented a national lockdown on March 23, it has been almost a year. This year, the British economy and business were hit hard, but one industry was untouched and became the biggest beneficiary of the epidemic. This industry is e-commerce. According to data released by the British Retail Consortium, 2020 was the worst year for the British retail industry due to the epidemic lockdown impact. However, as consumers turned to online shopping for safety during […]

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 […]

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 […]

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, […]