The UK’s retail sales fall was worse than expected last month, official figures showed on Friday. And the Office for National Statistics called out clothing stores as the key sector that saw “strong declines”.
It’s bad and it could get a whole lot worse. That’s the stark message for the UK retail jobs sector from the Centre for Retail Research (CRR). Its latest figures show 27,096 retail jobs have been lost so far this year.
Marimekko said Thursday that its fourth quarter was strong and full-year 2020’s net sales almost reached the 2019 figure, despite the pandemic, while comparable operating profit rose in double-digits.
China is to become the first country in the world to see e-commerce sales outstripping sales through physical shops with a new prediction saying e-tail should account for 52.1% of all retail sales (by value) this year.
Scottish retail was given a boost Wednesday with news it won’t pay business rates through to next year. The measures, which also cover the hospitality and leisure industries, will last until April 2022.
There may have been lots of news stories about interruptions to trade because of Brexit, but it seems that consumers in key European markets are still buying from Britain, data from eShopWorld (ESW) shows.
It took the pandemic to shift all sales operations online. So clothing, lifestyle and accessories retailer Skinnydip London introduced automated merchandising and A/B testing technology to boost its digital operations.