Retail news in the UK | Page 2

An overview of news, trends and research in the Retail industry in the UK:

Enfuse Group hosts Agile workshop for UK retail leaders Leaders from across the UK’s retail and hospitality sectors have gathered for an event, helping them to explore the benefits of Agile working.
29 March 2023
Fashion industry can cut overproduction by 15% The global fashion industry could reduce waste and cut costs by reducing its production levels, and prioritising quality over quantity.
17 February 2023
Retailers can build customer loyalty via sustainability discounts As retailers struggle to retain sales volumes amid heightened inflation and a prolonged recession, innovating customer loyalty offerings may offer a key opportunity to retain consumer support.
16 January 2023
Inflation forces US consumers to cut essential food spending Massive inflation rapidly outstripping wage growth is leading to a huge fall in living standards in many of the world’s leading economies.
13 January 2023
Chatbot frustration sees UK customer satisfaction slump The human touch is still central to top customer service, according to UK consumers – a third of whom believe customer service has worsened in the last two years.
26 December 2022
Cost-of-living crisis driving a second-hand shopping boom Awareness of the impacts of mass consumption on the planet, combined with the need to downsize expenditure in the cost of living crisis mean more shoppers are turning to second-hand goods this Christ
19 December 2022
Clothing retailer M&Co tasks Teneo with administration Clothes retailer M&Co has installed administrators from Teneo. The news comes as the company collapses for a second time in just over two years, amid the cost-of-living crisis.
16 December 2022
Digitisation will continue to disrupt retail business models A new study has confirmed that the challenge e-commerce presents to retail is not returning to ‘normal’ – with most economies having seen it rapidly gain market share during the pandemic.
22 November 2022
UK customer satisfaction holds firm in 2022 Even amid difficult trading conditions, UK businesses are managing to maintain their customer satisfaction levels.
18 November 2022
PwC to oversee Made.com administration The operators of Made.com Design have filed a notice to appoint Big Four firm PwC as its administrator. The consultancy will now work to find a buyer for the assets of the e-commerce firm. Made.
03 November 2022
Inflation and interest hikes to hit UK consumer spending UK households face an unprecedented financial squeeze, according to a new study, as inflation diminishes the value of pay in real terms, while interest rates make borrowing more expensive.
30 September 2022
Consumers scaling back spending due to energy spike and inflation With inflation on the rise, amid a sustained period of wage stagnation, consumer spending in the UK is dipping dramatically.
20 September 2022
UK retail to miss out on £25 billion in discretionary spending Almost nine-in-ten UK consumers intend to cut back their spending over the year ahead, as inflation continues to force them to cut back on non-essential purchases.
30 August 2022
Shifting consumer priorities see businesses facing 'crisis of relevance' Almost nine-in-ten executives are worried that their business is at risk of becoming irrelevant, as public sentiments on consumption and work shift around the world.
18 August 2022
Retailers face looming 'profit crisis' as inflation bites With the cost-of-living crisis and stagnant wages eating away at the spendable income of most consumers, retailers may be about to witness an alarming slump, according to new research.
21 June 2022
Kearney: Patagonia the world's most circular fashion retail brand Patagonia is the world’s most circular brand in the world of fashion retail, according to a new study.
09 May 2022
Fast growing online marketplaces set to dominate ecommerce markets The gradual shift of consumers to online retail was given a huge boost during the pandemic – as the bulk of non-essential commerce went digital.
13 April 2022
UK shoppers reach 'tipping point' over sustainable consumption Half of UK consumers would be willing to pay extra for sustainable produce from retailers, according to a new survey.
11 April 2022
Consultants to oversee administration of men's footwear brand UK headquartered footwear brand Steptronic has called in administrators, after its bottom line was hit hard by supply chain issues.
21 March 2022
Consumer retail profit at risk as inflation bites With inflation set to rise even further from its current 30-year high, retailers are faced with looming losses.
11 March 2022
Inflation forcing UK residents to spend savings Spiralling rates of inflation, sustained wage stagnation, and the continued economic impacts of the pandemic mean many UK residents are having to burn through savings to stay afloat.
09 March 2022
Teneo to oversee administration of Studio Retail UK ecommerce firm Studio Retail is hoping for a rapid sale of its assets, after the appointment of administrators from Teneo.
28 February 2022
How Search AI can help retailers stand out in the e-commerce boom
07 February 2022
Metyis: Tactics for brands to be successful on the Amazon platform For any brand conducting business online, the world’s largest retail platform Amazon forms a critical part of the e-commerce strategy.
24 January 2022
UK consumers embracing more sustainable behaviour UK consumers are increasingly ecologically-minded. Fewer than one-in-ten customers now say they are not at all concerned about environmental sustainability when it comes to the products they engage with.
10 January 2022
Thousands of retailers under 'significant financial distress' this winter The number of retailers in financial distress rose by 2% at the end of 2021, according to a new study. Inflation and supply chain challenges mean this may become worse in the coming months.
10 January 2022
Supply chain issues to hit Boxing Day sales Annual research from PwC anticipates “lacklustre” Boxing Day sales, as retailers look to preserve margins already hit by supply chain uncertainty and labour shortages.
27 December 2021
Black Friday spend of UK consumers set to rise After a year of muted sales amid the initial waves of Covid-19, Black Friday is back with a vengeance in 2021.
26 November 2021
Demand for sustainable finance services outweighs supply A new study has found the vast majority of consumers value sustainability in their financial service purchases.
25 November 2021
Online retail and e-commerce model runs on thinner margins As the trend to digitalisation inevitably ramps up competition in the ecommerce space, retailers will have to learn to live with the tighter margins online shopping brings.
10 November 2021
Third of consumers willing to pay more for sustainable products Almost nine-in-ten consumers have become greener in their purchasing in the last five years, offering companies a major opportunity to tap into sustainability demand.
02 November 2021
Bambino Mio receives multi-million BGF investment Reusable nappy brand Bambino Mio has been backed by a £13 million investment from BGF to support its growth ambitions. Seven professional services firms played a role in the deal.
22 September 2021

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