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Retailers miss out on 39.4 billion pounds from abandoned online baskets

UK retailers are missing out on tens of billions of pounds in sales because over-complicated online checkouts are causing shoppers to ditch their baskets, new data reveals. Retailers have missed out on more than 39.4 billion pounds in potential sales over the last 12 months as a boom in online shopping during lockdowns saw the value of online...

15 hours ago

Retail

April footfall improves but still far from pre-Covid levels

Footfall in the UK has recovered strongly since non-essential stores were permitted to reopen last month, but still remains some way off pre-Covid 2019 levels, new data reveals. Total UK footfall fell by 40 percent last month compared to two years earlier, according to the latest data from BRC-Sensormatic, which this year compared footfall with...

18 hours ago

Retail

Plastic bag price in England to double form May 21

The price of single-use carrier bags in England is to double to 10p from May 21 and be extended to all businesses in the government’s latest bid to cut down on plastic waste. The current 5p charge, which was introduced back in 2015, has resulted in a 95 percent cut in plastic bag sales in major supermarkets, the government said. The average...

18 hours ago

Retail

Post-pandemic sales surge may be short-lived

The easing of restrictions and reopening of UK retail has been a profit boost for many companies, but the surge in momentum may be short-lived. When high street giant Next adjusted its full year profit forecast it added that post-lockdown growth would not continue at the same pace. With economies opening up and restrictions lifted, retailers are...

19 hours ago

Retail

Supreme opens first store in Milan

Cult streetwear brand Supreme has opened its first store in Milan. The new store has opened in the city’s central Corso Garbialdi in the Brera district. The store officially opens to the public today, and a select group of editors and friends of the brand were allowed to preview it on Wednesday. The new space spans 1080-square-feet and occupies...

6 May 2021

Retail

Debenhams confirms closing date of final 49 stores

Debenhams has confirmed its remaining 49 stores will permanently close on either May 12 or 15. It comes after the retailer temporarily reopened its stores in England and Wales when lockdown eased last month to complete its final closing down sale. The fashion retailer had already announced the permanent closure dates of 52 stores up to Saturday...

6 May 2021

Retail

Cult menswear label L’Estrange opens first flagship store

Cult menswear brand L’Estrange has opened its first flagship store at 19 Earlham Street in Seven Dials. The London-based brand has had a pop-up store in the neighbouring Neal Street since November 2019, but has now opened the permanent 1,000 square foot store to complement its expansion. The brand aims to simplify the male wardrobe by providing...

5 May 2021

Retail

Inditex launches AR game for Pull & Bear girls collection

Spanish apparel giant Inditex, which owns Zara, Zara Home, Massimo Dutti, Bershka, and Pull & Bear, has ventured into the world of gaming. Via its youth brand Pull & Bear, the company has launched ‘Pacific Game’, an augmented reality (AR) game available on Facebook and Instagram. The game forms a part of Pull & Bear’s ‘Pacific girls’ collection,...

5 May 2021

Retail

Mallet London launches in the US with Fred Segal

Premium footwear brand Mallet London has launched in the US, with Fred Segal as its inaugural retailer. To celebrate its entry into the US market, the London-based sneaker brand founded by entrepreneur Tommy Mallet and his friend and business partner, Evren Ozkarakasli, has opened a pop-up shop at Fred Segal’s flagship on Sunset Blvd in Los...

5 May 2021

Retail

High streets saw decline in Bank Holiday footfall due to weather

The first bank holiday of 2021 after the easing of restrictions kept shoppers at bay as the wet weather saw high street footfall drop -6.1 percent in comparison to the week before. Instead, footfall rose by 2.8 percent in shopping centres and 1.6 percent in retail parks. In contrast, in Scotland and Northern Ireland following the opening of...

4 May 2021

Retail

Digital commerce to exceed 11.6 trillion dollars in 2021

Soaring growth in online sales show e-commerce spending is set to rise 11.5 percent this year to 11.6 trillion dollars. New findings from Juniper Research highlight the success of digital solutions during the pandemic spurring consumer behaviour will become increasingly digitally led, rather than reverting to pre-pandemic norms. The research...

4 May 2021

Retail

Sweaty Betty partners with ReBound to better serve international customers

Premium sportswear brand Sweaty Betty is partnering with global returns management platform ReBound to offer rapid returns to a new wave of international shoppers. Sweaty Betty reported triple-digit digital growth in 2020, with total revenues increasing by around 60 percent, despite many of its 62 worldwide boutiques facing lockdown closures. It...

4 May 2021