Wayfair plans to reinvest savings from the restructuring across several key initiatives, including investing in its remaining international markets—Canada, the UK, and Ireland—and doubling down on physical retail. Since the retailer opened its first physical store last year outside Chicago, online sales to customers who live near the store have increased.
Article
| Jan 13, 2025
Retail crime is out of control, UK retailers say: Their concerns are shared across the pond, as US businesses struggle to stem in-store and online theft.
Article
| Jan 30, 2025
Building demand in the UK was always going to take time, and that challenge is all the more difficult given the precarious state of the UK economy. This article is part of ĢAV’s client-only subscription Briefings—daily newsletters authored by industry analysts who are experts in marketing, advertising, media, and tech trends.
Article
| Jan 22, 2025
UK retail sales grew 3.2% YoY in December: Even with a late surge, sales rose just 0.7% YoY in 2024.
Article
| Jan 7, 2025
The British luxury label reported a smaller-than-expected drop during the holiday quarter, fueled by recovery in the Americas. Global comparable store sales fell 4% YoY, outpacing the consensus estimate for a 12% decline. Buoyant performance in the Americas, where comparable sales rose 4%, helped offset a 9% decline in the Asia Pacific region and a 2% drop in EMEIA.
Article
| Jan 24, 2025
Marks & Spencer, Tesco flag challenges as UK economy weakens: Confidence is slumping due to concerns over tax hikes and sluggish consumer demand.
Article
| Jan 9, 2025
The UK retail landscape looks increasingly bleak: Sainsbury’s and Primark owner AB Foods add to the chorus of retailers bracing for a slowdown.
Article
| Jan 23, 2025
Lidl delivered its most successful UK Christmas season on record: The discount grocer’s revenues rose 7% in the four weeks leading up to Christmas.
Article
| Jan 2, 2025
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| Oct 18, 2024
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Tesco’s newest venture takes aim at Ocado: The UK grocer’s Transcend Retail Solutions division aims to help international supermarket chains develop their ecommerce operations.
Article
| Sep 10, 2024
In the UK, we predict that Boots, Marks & Spencer, Next, Tesco, and Sainsbury’s will grow their online sales faster than Amazon will between 2024 and 2028. But Amazon will continue increasing its share through 2028. Despite an increasingly competitive ecommerce market, Amazon will continue gaining share of ecommerce sales in France, Germany, and the UK, per our forecast.
Report
| Sep 5, 2024
Shein’s IPO delayed due to supply-chain concerns: The UK’s financial regulator is probing the retailer’s labor practices amid pushback.
Article
| Dec 12, 2024
UK budget spells trouble for retailers, warns Currys: The electronics chain says tax hikes will push costs onto consumers and limit its ability to hire more workers.
Article
| Dec 12, 2024
For example, only three other countries will exceed even a 25% ecommerce penetration rate: the UK (30.4%), South Korea (27.2%), and Indonesia (26.6%). China will account for 50.4% of all worldwide ecommerce this year, so its weight unreasonably skews the global math. If China is excluded, ecommerce’s share of worldwide retail lands at a more realistic 12.5%.
Report
| Sep 6, 2024
ASOS in October began charging UK shoppers who frequently return items a return fee of £3.95 ($5.26) if they keep less than £40 ($53.22) worth of items, per the BBC. Nordic department store Boozt banned roughly 60,000 so-called “serial returners” who it claimed “exploit high service levels of free shipping and returns at the expense of our business, other customers, and the environment.”
Article
| Dec 4, 2024
UK retail footfall declined in November as shoppers waited for Black Friday deals: Poor weather and subdued confidence also weighed on traffic, souring retailers’ holiday prospects.
Article
| Dec 2, 2024
Next year, 20.2% of all US retail ecommerce sales will be returned, per our forecasts, a share that is likely similar in the UK. But lengthy return processes can be a major pain point. ĢAV 40% of consumers expect a refund to hit their account within 24 hours when making a return, per Worldpay, but they often take multiple days.
Article
| Nov 27, 2024