Chancellor Rishi Sunak’s mini-budget has failed to give any direct help to the struggling retail sector, with VAT cuts only for hospitality and tourism, rather than some relief face-to-face retailers were hoping for.
Fashion brand boohoo has pledged to conduct an ‘immediate and independent’ review of its entire UK supply chain as it battles to stem the flow of big name retailers refusing to stock its goods after poor working conditions found at a supplier making clothing destined for Boohoo Group brands.
Tapping into a 17% increase in photos and videos in reviews, along with Gen Z increasingly shopping via social media, review and UGC platform Bazaarvoice has acquired Curalate to create visual-UGC-social influencer solution.
Amazon and Tesco now dominate online sales as lockdown lifts and are likely to continue to do so as fewer than a fifth of UK shoppers intend to return to the High Street as lockdown ends, turning to online instead. However, revenues are down across the board even here.