Tuesday, April 24, 2018

Record number of small businesses looking to shut shop

A record number of small businesses faced downsizing or closure throughout the end of 2017, as sluggish demand hit margins.

Highest deflation for 9 months in December

December gifted shoppers with the fastest rate of deflation in nine months, following months of near inflation.
consumer spending

“Super Saturday” spend to hit £1.6 bn

This Saturday is set to see 17.4 million customers spend an estimated £1.6 billion in a last minute Christmas shopping frenzy.

Retail employees face “serious financial straits” due to lack of sick pay

The lack of sick pay for retail workers leaves many employees “walking a high wire with no safety net” according to new research.
Black Friday

Tough Christmas ahead as Black Friday fails to restore consumer confidence

Retailers are in for a "potentially tough" Christmas after Black Friday spending was not enough to restore consumer confidence.
Mobile Shopping

Christmas to see mobile shopping boost

The Christmas season is predicted to see a marked rise in online purchases made with mobile devices, according to new research.
fastest growing companies

Gucci, PrettyLittleThing and Louis Vuitton dominate fastest growing companies list

Fashion retailers have secured the top three positions in 2017’s fastest growing companies list, beating companies like Netflix and KFC.

Only one in three retailers optimistic about Black Friday

Only one in three retailers are optimistic about their Black Friday business prospects this year, despite predictions average spend will rise nine per cent.
Physical media

Physical media overtakes digital in popularity

Physical entertainment has overtaken digital as the UK’s format of choice driven by growing popularity with 18-24-year olds.
Chinese online shoppers

55% of Chinese shoppers buy British

55 per cent of Chinese online shoppers purchase goods from the UK as goods are perceived to be “of premium quality”.

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