UK Retail sales decrease despite going into the Christmas Period
UK retailers have been hit by a surprise 0.1% decrease in sales in October despite it traditionally signalling the start of Christmas period spending. City analysts had predicted a month-on-month increase because of large discounting by retailers to entice shoppers...
Christmas Markets face extra challenges due to Brexit costs
City centres will soon be transformed with the arrival of Christmas markets. However, the unpredictability surrounding Brexit means these festive features have faced extra challenges this year. The organisers have shipped goods over early to the UK ahead of 31 October...
The number of high street shoppers are declining
Analysts are reporting that the number of shoppers purchasing on the high street has declined by around 10% over the past year in some cities across the U.K. Unsurprisingly, the main reasons cited are the continuing rise of online shopping along with concerns over...
50% of all debit card payments are now contactless
For the first time ever, contactless payments have accounted for 50% of all debit card payments. Credit and debit card payments made in July grew 5.7% year-on-year increasing to 1.6 billion, and contactless payments on debit cards were used 647 million times alone....
