Things are tough in retail right now. Administrations, Amazon, CX, AI, a weak pound… it’s a lot
A new survey commissioned by Barclaycard has found almost one in 10 UK shoppers admit to buying clothing only to take a photo on social media. Once they’ve photographed the “outfit of the day” style post, the clothes are then returned back to the store. Within the survey of 2,002 adults, shoppers aged 35-44 are most likely to do this, and men outnumbered women.
Amazon is understood to be preparing to launch an insurance price comparison site in the UK, as it positions itself to place its stamp on yet another sector. According to Reuters , three industry executives from some of Europe’s top insurance firms have held talks with Amazon about the launch of the site.
The Advertising Standards Authority (ASA) has banned Amazon from makings its current “Unlimited One-Day Delivery” claim.
A former chief executive of Asda has been appointed as the non-executive chairman of online mattress retailer Simba after he made a £1 million investment. Allan Leighton, who is also chairman of The Co-operative Group, joins entrepreneur Nigel Wray and advertising heavyweight Sir John Hegarty as investors, as well as institutional backers Henderson Global Investors and Numis Securities.
Tell us about the Reichelt story. Reichelt was founded in May 1969 by Angelika Reichelt and her husband. Its first item for sale was an antenna amplifier
The Advertising Standards Authority (ASA) is set to rule that Amazon will be banned from claiming it can guarantee next day delivery for its Prime customers. According to The Times, the ASA believes Amazon’s “unlimited one-day delivery” claims are misleading, and Amazon will be told to remove it from its website and advertising. Instead, Amazon will be forced to make it clear that some items are not able to be delivered the next day.
Nearly half of pensioners in the UK regularly buy items online despite remaining the least likely age demographic to do so, according to new research. Data released from the Office of National Statistics has revealed that the percentage of UK residents over 65 who purchase goods over the internet, or “silver surfers”, has increased form 16 per cent to 48 per cent over the last decade.
Etsy has seen its stock rally today after it raised its guidance for the full year having beaten analysts’ predictions in its second quarter. The online marketplace saw sales jump 30 per cent year-on-year to $132.4 million (£102.11 million), comfortable above analysts’ expectations of $127.1 million (£98 million). This included gross sales on its platform of $901.7 million (£695.4 million), up 20.4 per cent on the same period a year prior.
Amazon pays just £38 million in business rates taxes despite its sales dwarfing high street retailers with comparable bills.