Introduction 2020 has been one of, if not the, toughest year’s for retail. With many non-essential retail stores forced to close during periods of the year, this led to consumer spending changes with many consumers starting to shop online or more locally. In this...
Perhaps unsurprisingly, recent figures have shown that retail footfall declined in November and was expected to fall by 62% over the six-week period leading up to 22 December. This is clearly a very challenging period for the retail sector, especially for those small...
Introduction In this article, we are going to be discussing COVID-19 spending habits. The use of cash is declining quicker The amount of cash being used was decreasing before the coronavirus lockdown and the coronavirus pandemic has only sped this up. Customers are...
The latest figures from the Office for National Statistics certainly suggest that the retail sector is slowly recovering since the coronavirus crisis. In July 2020 the volume of retail sales increased by 3.6% and is 3% higher than pre-pandemic levels in February 2020....
All non-essential shops expected to reopen from 15 June The Prime Minister, Boris Johnson has announced that all non-essential retailers in England will be able to reopen from 15 June but added the caveat that this is “contingent on progress in the fight against...
March retail sales decline due to coronavirus lockdown Retail sales in March decreased by 4.3% compared to 2019, according to the British Retail Consortium (BRC). Figures from Barclaycard advocated a large increase in supermarket sales as individuals began to...
