Currys PC World has issued an apology to customers after it was found to be charging additional non-advertised fees on its laptops. Consumer watchdog Which
Footwear retailer Schuh’s chief executive Colin Temple has brushed aside fears it could be sold off by its US owner Genesco following increasing pressure from investors. The American group Genesco which bought Schuh in 2011 for £100 million, has come under pressure from activist group Legion Partners to offload the business. In a letter send to Genesco last week, Legion Partners said it was “unacceptable” to continue operating with a “disparate set of assets with such a poor record of value creation”
Retailers suffered a lacklustre January sales period this year as footfall dropped 6.6 per cent following an “exceptionally tough” 2017. According to new data from market research company Ipsos, the effects of heavy discounting on Black Friday extended through early January, shifting sales away from the traditionally solid trading period. This reportedly marks the ninth consecutive month of falling footfall volumes, and is likely to have encouraged the swathe of job cuts announced in the beginning of the year.
In more signs that the Christmas sales rush is increasingly weighted on Black Friday, the latter has now overtaken Boxing Day in online retail search volumes.
The evidence is mounting that the 2017 holiday season, and particularly Black Friday, was a major tipping point for mobile shopping.
Online retail sales growth slowed to an average of 12.1 per cent year-on-year over the course of 2017, almost two percentage points below the forecast of 14 per cent. According to the latest IMRG Capgemini e-Retail Sales Index, 2017’s figures is also a sharp drop to 2016’s 15.9 per cent average growth.
Online retail sales growth slowed to an average of 12.1 per cent year-on-year over the course of 2017, almost two percentage points below the forecast of 14 per cent. According to the latest IMRG Capgemini e-Retail Sales Index, 2017’s figures is also a sharp drop to 2016’s 15.9 per cent average growth. In 2018, online retail sales is forecast to slow down again to a growth of nine per cent – the first time it has fallen into single digit territory
Retail sales throughout the Christmas period saw the worst performance since 2010, coming dramatically below economists’ already cautious forecasts. The latest figures from the Office for National Statistics (ONS) have revealed a worrying picture of the high street, with retail sales volumes falling 1.5 per cent month-on-month over one of the most vital periods for the industry. Analysts had predicted a 0.6 per cent sales decline.
“Pattern recognition… is the fundamental capability of the human brain. We can’t think fast enough to logically analyse situations quickly, so we rely on our powers of pattern recognition.” Ray Kurzweil, author, inventor and director of engineering at Google, believes that the human brain is built on from a hierarchy of pattern recognisers that are responsible for most aspects of human thought
A bad start to the month followed by heavy snowfall has dragged down the footfall figures for one of the most important trading periods of the retail calendar. According to the latest monthly Retail Traffic Index (RTI) compiled by consultancy firm Ipsos Retail Performance, overall UK footfall plummeted by 9.6 per cent last month compared to the same time in 2016