As Chancellor Hammond addressed the Tory faithful at the Conservative Conference in Birmingham today, the parcel comparison site ParcelHero warned that the combined impact of his proposed ‘Amazon Tax’ on online retailers and President Trump’s new tariffs on Chinese goods and materials will create a ‘perfect storm’.
Published: 2 October 2018
Retail sales volumes grew 3.5 percent in the year to July 2018, according to official ONS data published this morning. Online sales rose by 15.3 percent and now make up 18.2 percent of all retail sales, a new record high. Online sales in department stores rose by a massive 35 percent in the year to July 2018.
Published: 19 August 2018
Good value for money and good quality products are the top priority for consumers when deciding which brands to purchase good from, according to a study launched today as part of The Social Change Hub at MediaCom, the UKs largest media agency. However, the number of people prioritising cost and quality has fallen since 2017.
Published: 6 June 2018
New research has revealed that the majority (37%) of retailers are turning to independent consultants over traditional management consultancy firms for the specific expertise they can offer. When looking at the need for specific expertise, there are a number of in-demand areas across the retail sector.
Published: 3 June 2018
Next week’s FTSE reshuffle promises to pile a bit more woe at the doorstep of some familiar high street names. The reshuffle is calculated based on closing prices on Tuesday 29 May, will be formally announced after the market closes on Wednesday 30 May, and becomes effective from Monday 18 June.
Published: 28 May 2018
As final preparations for the 2018 FIFA World Cup get underway, all eyes are turned to Russia. It’s also a potentially world beating e-commerce market, but the international delivery expert ParcelHero has revealed that the entire EU wins just 4 percent of Russia’s $5.1bn overseas e-commerce trade.
Published: 11 May 2018
Sainsbury has this morning confirmed plans to merge with Asda in a deal which will see Asda’s current owner, Walmart, taking a stake of 42 percent in the enlarged group. Sainsbury will in addition pay £2.975 billion to Walmart for control of Asda. Walmart is to retain responsibility for the Asda pension scheme, subject to approval.
Published: 1 May 2018
The backdrop for UK retailers so far this year has been one of tough trading conditions, with the likes of New Look, Moss Bros and Carpetright all revealing they’re feeling the strain. Debenhams shares hit a nine-year low this morning following news of an 85 percent drop in pre-tax profits.
Published: 27 April 2018
1 in 3 Brits admit to shopping late at night a more than they did 5 years ago; and many businesses are now working 24 hours a day. Yet retailers and delivery companies have been slow to respond to the fast-growing demand for night-time deliveries. 2018 will finally see the dawn of late-night deliveries, predicts a new study by the e-commerce delivery experts ParcelHero.
Published: 11 April 2018
Sales were up 0.1 percent in January, against analyst forecasts of a much larger 0.6 percent rise. This suggests consumers were somewhat reluctant to splurge in the January sales. The news is a further blow to the UK’s domestic economic prospects following December’s 1.4 percent decline.
Published: 19 February 2018