The third annual John Lewis Retail Report has discovered that a new ‘master shopper’ has emerged to take advantage of multichannel retail.
According to the report, this ‘master shopper’ has learned to combine channels and devices in order to create their own optimal shopping experience. more»
Tablets and smartphones are quickly becoming the platform of choice when it comes to online shopping. According to IMRG Capgemini, mobile accounted for 23.2 percent of online sales last quarter, up 11.6 percent year-on-year. What’s more, the actual proportion of retail site visits coming from mobile was up to 34 percent from 21 percent a year ago. more»
The July heatwave is long gone, but its positive effects on the retail sector are still being felt. According to the British Retail Consortium, footfall was up 0.8 percent in July compared to a year ago. The footfall uptick was not the only good news, as vacancy rates went down. more»
Online retail sales in Europe are expected to double by 2018, reaching €323 billion. This year online retail should hit €188 billion and some companies like Amazon are expected to see even faster growth, according to market research firm Mintel.
Mintel’s survey covered 19 markets in Europe and it was made exclusively available to Reuters. more»
A report fresh out of Nielsen found that shoppers behave quite differently when they’re doing their shopping on tablets rather than smartphones. Tablets are a lot more likely to be used for product browsing and tablet users write more product reviews. more»
July appears to have been a great month for British retailers and they have mother nature, a tennis player and a baby to thank for it.
According to the British Retail Consortium and KPMG, sales were up 3.9 percent, against a 2.0 percent increase in July 2012, the fastest July growth since 2006. more»
Online retailers are on a roll, but many of their sites aren’t performing well due to some rather basic technical limitations.
According to a recent report from NCC Group, the top 50 online retail sites in Britain exhibited poor website performance last quarter and much of the problems were caused by ancient internet connections. more»
Although online retail sales are still growing, new research from Mintel has revealed that growth is slowing quite rapidly. The online retail sector expanded by about 50 percent in 2008, but last year growth slowed down to just 15 percent. However, this is still much better than the rest of the retail sector and it means the UK online retail sector will double by 2018, with double-digit growth rates. more»
Retail sales increased year on year this May, the Office for National Statistics has revealed.
In its monthly survey of 5,000 UK retailers, it was found that sales volumes increased 1.9 percent compared to May last year – with the quantities bought in retail marking the highest level since the series began. more»
America pioneered online shopping and its e-commerce outfits are now spearheading another trend. They are thinking of opening traditional brick and mortar stores.
Online juggernaut Amazon is said to be actively exploring a store concept and it is not alone. Bonobos, Warby Parker, Sigma Beauty and others are doing it as well. more»
Samsung might be about to step up its retail game. According to Korean tech site Etnews, the smartphone giant is going to launch an online shopping mall for phone accessories. Aside from making more cash, Samsung hopes the new service will help it grow consumer loyalty. more»