The shift towards online shopping risks alienating older consumers in the event of another lockdown – potentially costing retail millions in ‘grey pounds – while also cutting off revenue from ‘safe shoppers’ looking to visit the high street in a new way.
The value of transactions processed by smart checkout technologies – that is where the fixed checkout process is replaced by a frictionless model – will reach $387 billion in 2025, up from just $2 billion in 2020, predicts a study by Juniper Research.
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.
Footfall across all retail destinations throughout the UK rose by +4.1% last week from the week before, a significant acceleration in the rise in the previous week of +0.8% and +1.8% in the same week last year.
footfall across UK retail destinations rose marginally last week, up 0.8% from the week before – a far more muted result than the rise of +3.8% in the previous week – as heatwave changes shopping patterns