Author name: Retail-insight-network.com

Retail footfall in the UK for January 2024 declined by 2.8% year-on-year (YoY), according to the BRC and Sensormatic IQ.

A new study of almost 2,000 decision-makers has found that retail businesses in the UK retail sector are falling short on a growth plan.

Amazon has shrugged off newcomers to the UK retail market, highlighting a proposition that can weather changing consumer habits with ease

US e-commerce giant Amazon has reported $574.8bn in net sales in full year 2023 (FY23), up by 12% from $514.0bn in 2022.

An annual survey by the National Retail Federation finds that total spending on Valentine’s is expected to reach $14.2bn in 2024.

Atradius, a UK-based trade credit insurer, has painted a grim picture for the retail sector in its latest report on payment default trends for 2023, revealing a staggering 55% increase in late and failed payments affecting businesses nationwide over the past year.

Steven Hubbard of Sprii delves into the future of retail and the symbiotic relationship between live shopping and conventional stores.

A new survey finds that 96% of small to medium retailers receive more engagement through TikTok marketing than on Instagram.

Retail sales volumes in the UK experienced a sharp decline of 3.2% in December 2023, marking the largest monthly fall since January 2021.

Retailers are facing intense competition, compelling them to seek innovative ways to stand out. Prioritising customer service, efficient operations, and personalisation is crucial in this landscape.

Core retail sales in the US experienced a 3.8% increase to $964.4bn during the 2023 holiday season, according to US Census Bureau data.

Experts in retail from KPMG and RetailNext discussed their thoughts and predictions for the new year at the Retail Think Tank meeting.