In the run up to Christmas this year, almost half of British consumers plan to predominately shop from domestic brands (43%), with 55% of UK households increasing spend with local businesses since the start of the pandemic.
UK e-commerce companies have seen significant growth, both in revenues and repeat orders since lockdown. Firms report average annual revenue increases of more than 15% since April in line with the shift to online retail.
Shop Prices fell by 1.6% in August compared to a decrease of 1.3% in July, with non-food prices falling by 3.4% compared to 2.9% in July and food inflation easing to 1.3%. All are below the 12 and six-month average price decreases.
Consumers are turning to greater digital engagement both online and in-store, as well as switching to making values-driven buying decisions as retail enters a new phase during the coronavirus pandemic.