蘑菇AV

Shein鈥檚 IPO delayed due to supply-chain concerns: The UK鈥檚 financial regulator is probing the retailer鈥檚 labor practices amid pushback.

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.

Amazon will capture more than half (51.1%) of all retail ecommerce sales in Germany this year, according to our forecast. Canada will have the second-highest share of Amazon ecommerce sales among the countries we track, at 41.5%, followed by the US, UK, Japan, and Mexico.

UK shoppers spend an average of 18 minutes on Temu a day, per July 2023 Global Wireless Solutions data鈥攃ompared with just eight minutes each on Shein and Amazon. The company is also splurging on advertising. In the UK, Temu is spending more on pay per click than any competitor other than Amazon, according to Similarweb.

ASOS in October began charging UK shoppers who frequently return items a return fee of 拢3.95 ($5.26) if they keep less than 拢40 ($53.22) worth of items, per the BBC. Nordic department store Boozt banned roughly 60,000 so-called 鈥渟erial returners鈥� who it claimed 鈥渆xploit high service levels of free shipping and returns at the expense of our business, other customers, and the environment.鈥�

UK retail footfall declined in November as shoppers waited for Black Friday deals: Poor weather and subdued confidence also weighed on traffic, souring retailers鈥� holiday prospects.

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. 蘑菇AV 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.

Amazon is expanding its logistics network to include over 300 sea routes. The company claims this will facilitate hassle-free transportation from customs to final delivery for UK small and medium-sized enterprises selling to consumers across Europe.

Our first-ever worldwide forecast for retail media ad spending shows enduring momentum and lots of good news for Amazon and other ecommerce platforms around the world.

The UK budget will eat into retailers鈥� bottom lines: Primark owner Associated British Foods expects its national insurance bill to rise by 鈥渢ens of millions鈥� of pounds.

Consumers鈥� adoption of AI banking chatbots varies by country. Though the US and UK promote their tech-friendly banking environments, the geographically concentrated, Big-Six-focused Canadian market has taken the lead in embracing this much-hyped tech.

Its global same-store sales fell 1.5%, a much bigger decline than the 0.6% that analysts surveyed by StreetAccount expected, due to struggles in international markets such as the Middle East, France, and the UK. That was the second-straight quarter the company鈥檚 global same-store sales have fallen.

UK retail sales are performing better than expected, with consumers still spending despite high inflation鈥攂ut ecommerce will lose further share this year as shoppers continue returning to stores and cut nonessential spending.

Tesco鈥檚 newest venture takes aim at Ocado: The UK grocer鈥檚 Transcend Retail Solutions division aims to help international supermarket chains develop their ecommerce operations.

UK retail sales rose unexpectedly in September, thanks to the new iPhone and Oasis: Back-to-school shopping and entertainment spending boosted demand for non-essential items, although poor weather and consumer caution dented supermarket sales.