Category: Retail
Online sales see sharp decline in January, claims IMRG
In January 2023, ecommerce sales were down -2.2% Year-on-Year (YoY), that is against a massive decline of -22.5% in January 2022 Month-on-Month (MoM), January declined -28.7% relative to December. This MoM decline is sharper than typical for this time of year Traffic to online retail sites was down -5.2% YoY, against -7.7% in January 2022…
Retailers dreaming of last minute ‘Black Christmas’
Today’s Office for National Statistics (ONS) retail sales results show an unexpected fall in the amount of goods sold in November – despite the allure of Black Friday deals. The amount of goods Brits bought in November fell by -0.4% compared to October and tumbled -5.9% compared to November of last year. The home delivery…
6 Tips to Help Shop Online on Black Friday, Cyber Monday
Social media and the internet are riddled with enticing 'shopping bargains', often with price tags that seem too good to be true, especially on Black Friday and Cyber Monday. Here we offer 6 tips to help you spot the fakes... With the cost of living at an all-time high across the country, Brits are looking…
Hack Friday: Over 10 million Brits victim of online shopping scams
Over 10 million Brits have fallen victim to online shopping scams, it was revealed today, as 19 million UK shoppers prepare to embark on the biggest bargain hunts of the year. Research from cybersecurity company NordVPN can reveal that 20.7% of UK adults have been scammed while shopping online — equivalent to 10.6 million people. With Black Friday just a…
Just 1 in 7 Black Friday deals genuine, claims Which?
Only one in seven (14%) Black Friday deals offer a genuine discount, according to new Which? research which finds the vast majority of promotions are cheaper or the same price in the six months before the sales extravaganza. The consumer association analysed 214 Black Friday deals last year at seven major home and tech retailers…
Alibaba’s Singles’ Day sales for 2022 stagnate at $84B
Image: Alibaba Alibaba’s sales for Singles Day reached $84 billion, which is in line with last year’s sales, according to Tradingplatforms.com. The slowing global economy, rising inflation, and Covid-19 lockdowns have been blamed for the sales stagnation. This is the first time in Alibaba’s history that Singles' Day sales have not…
Made.com faces final curtain, Next buys IP and website
Made faces The Final Curtain Online furniture retailer Made.com has gone into administration, leading to hundreds of job losses and customers in the dark over refunds. The administrators PWC said there will be 399 job losses, most of which are redundancies announced today. 79 employees who had resigned and were working…
Online year-on-year sales down again in October, says IMRG Capgemini
October represented the nineteenth consecutive month of negative Year-on-Year (YoY) growth in online retail, where sales were down -3.4%. That’s according to the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers. Month-on-month (MoM) figures recorded a positive +11.7% uptick from September, suggesting current demand trends in the lead up to…
Online furniture retailer Made.com moves closer to administration
Online furniture retailer Made.com has moved a step closer towards administration after the company's shares were suspended on Tuesday. The firm announced last week that rescue talks to find a buyer for the business had so far failed. It has stopped taking new orders and bosses have warned cash reserves could run out if further…
Made.com ‘on verge of administration’, reports claim
British online furniture retailer Made.com has suspended taking customer orders after talks to find a buyer failed, pushing the group towards administration, reports Yahoo! The company said on Tuesday that talks with potential buyers had been terminated and warned that if further funding could not be raised before its cash reserves were fully depleted it…
