Category: News

In North America and Europe, online retail sales have continued growing. Online sales in eight countries namely Germany, Poland, UK, Spain, Poland, Netherlands, Italy and France grew between 2014 and 2015 from £132.05 billion to £156.67 billion. The growth trend is expected to continue with online sales expected to hit £182.80 billion for the mentioned… Read the full article

What a customer uses to pay for retail goods is exactly what retail payment system refers to. Today, modern shoppers use cheques, charge cards, cash in coins and notes, credit cards and debit cards and other methods such as shopping vouchers, London’s prepaid oystercards, loyalty credit cards and gift cards. Challenges facing these payment systems… Read the full article

With the Conservative regime budget of July 2015 came a new headache for retailers. The Chancellor of the Exchequer came with an announcement that those above the age of 25 will, beginning April 2016, start receiving a “Living Wage”. The Chancellor defined it as £7.20/hour in 2016 but expected to rise to around £9/hour in… Read the full article

After some recessionary fluctuations, retail crimes declined to 1.32 percent in 2012-2013 of total sales in retail in contrast with 1.37 percent in 2011. A decade prior, the retail related cost stood at 1.77 percent and 1.29 in 2010. Retail crime refers to loss of stock due to crime, error or waste and usually calculated… Read the full article

One of the significant moments in the history of Britain was on 23rd June when the country voted to exit the European Union. From a 72.2 percent turnout at the ballot, those who choose to leave were 51.9 percent. It was an outcome most pundits didn’t expect to happen and the repercussions were almost immediate.… Read the full article

Now that the Brexit vote to leave Europe went through, the uncertainties that persist are palpable and it’s very hard to understand how Britain’s new normal will be like. There’s a lot of pessimism on the future but it’s the action of consumers, businesses and politicians after the referendum that will determine how the future… Read the full article

By 2020, John Lewis would have grown its Home business brand by £1 billion in annual revenue. In addition, the retailer will be seeking to continue expanding partnerships with diverse brands. Essentially, John Lewis will be benchmarking on its success and building on it by having design credentials as well as quality solidly placed at… Read the full article

Like every sector of our economy, the furniture industry has been facing uncertainties in relation to the vote to exit European Union of June 23rd in the UK. Prices of raw materials critical in the British furniture industry have also been changing.  It’s expected that the prices might go up by 8-12 percent as the… Read the full article

Steinhoff has completed a takeover of Poundland for £597 million. Steinhoff is a retail conglomerate from South Africa and the owner of Bensons for Beds and Harveys in the United Kingdom. Poundland has been struggling and recommended that the shareholders take the deal. Each of them will take away 220p for every share including the… Read the full article

In June, the growth of non-food items online sales grew by 9 percent in the United Kingdom against an increase of 17.6 percent in 2016 over the same period.  Furniture sales online plummeted to position seventh in over 24 months. On the other hand, last month saw a change in store sales trend as store… Read the full article