Online grocery sales nearly doubled in October, while beyond food, sales grew fast as shoppers appeared to have turned online to buy early for Christmas, according to the latest official data. Clothing was the only sector where sales were still below pre-pandemic levels, as measured in February
As Lockdown 2.0 enters its second week, its impact on retail is starting to be felt, with some interesting trends emerging. Online sales have shot up, sales of lingerie have grown and shoppers are ready to queue for Black Friday
Insights from more than 3,500 holiday shoppers in China, France, Germany, the United Kingdom, and the United States, show that the pandemic has induced changes in behaviours that are now set to remain part of the retail experience.
Farfetch, Alibaba and Richemont are working together to improve luxury brands’ access to the Chinese market while helping them to sell direct to customers using the latest omnichannel technology. The news comes as Richemont reports a 26% fall in sales and an 82% fall in profits in the six months to September 30, a period dominated by the “unprecedented disruption” of the Covid-19 pandemic and subsequent lockdowns. Plus, Singles Day update