Seasalt says ecommerce now accounts for 67% of its sales – and that it expects online to remain the dominant channel in its business even once its stores have reopened from lockdown
Online sales grew by 36% in 2020 – the highest growth seen for 13 years, according to etail association IMRG. Thanks to the unexpected onset of Covid-19, ecommerce beat IMRG’s prediction for 2020 of 7.8% at the start of the year
A study of younger shoppers finds that more than half of young adult shoppers, 30% of Gen Z and 36% of Millennials, plan to shop in physical stores less than before.
Good value for money is a top priority for shoppers this year, with two thirds (67%) suggesting it has become more important since the start of the pandemic.
Frasers Group today said its £100m ‘elevation without limits’ strategy was “bearing fruit” as it reported a 17.6% jump in profits in half-year results.
Online discounting is going to be rife this Christmas, driven by sluggish sales and the ongoing fear that consumer spending will be supressed due to job woes in the market.
We report as administrators start winding down Debenhams, and on how it has struggled to survive in an age when the convenience of online trumped the convenience of the department store