Every week, the EtailDetail team prepare a digest of the previous 7 days of online retail news. Along the way, we’ll pick the most interesting stories from the worlds of technology, social media, marketing and more, allowing you to see everything at a glance.
Retail News and Trends
Footfall drops by 3.2% in October
https://www.theretailbulletin.com/general-merchandise/footfall-drops-again-in-october-11-11-2019/
UK retail footfall declined by 3.2% year-on-year in October as the wet weather and Brexit concerns deterred people from going out shopping.
Consumer spending grows by just 1.5% in October as UK shoppers avoid bleak autumn weather
Consumer spending grew by just 1.5% in October, narrowly falling behind the current rate of inflation, as Brits remained cautious with their spending.
‘Extraordinary’ discounting tempts shoppers to buy more online in October: BRC
Online sales of non-food products grew by 5.1% during the month, according to the BRC-KPMG Retail Sales Monitor for October 2019.
Price, promotions and ethics are all set to drive UK Christmas shopping habits, study postulates
Two thirds of UK shoppers agree that promotion, price, or discount have an effect on their purchasing decisions, while almost half (41%) of UK shoppers demonstrate a shift towards conscious consumerism basing purchasing decisions on brands they closely identify with.
UK sales could hit £1.3bn on Singles Day 2019
https://internetretailing.net/peak/-uk-sales-could-hit-13bn-on-singles-day-2019-20507
Despite many British shoppers having never heard of Singles’ Day, the shopping event – taking place this year on 11th November – is predicted to see almost £1.3bn in UK sales alone, according to a new report.
China’s Singles’ Day brought in nearly $9 billion in sales in the first 20 minutes
https://qz.com/1745828/taylor-swift-and-kim-kardashian-are-selling-for-singles-day/
Sales topped $800 million in the first minute, and surpassed $8.7 billion in just the first 20 minutes that the deals were online, according to Bloomberg. Last year, sales topped $30 billion, a massive jump over the $25 billion generated in 2017.
UK retailers focussing on China are seeing growth, with more looking East every day
A growing number of UK companies are currently marketing goods and services in China and, of them, 67% say sales in this market have grown over the past 12 months.
Trends retailers and brands should expect this holiday season
Whether consumers spent $100 or $1,000 holiday shopping last year, 67% expect to spend a similar amount this holiday season, and 18% expect to spend more.
Amazon heralds its 10th Black Friday sale
https://internetretailing.net/peak/peak-2019-amazon-heralds-its-10th-black-friday-sale-20500
Amazon says this year’s Black Friday sale will be its biggest yet. The peak trading event is to start online on November 22 and run for eight days, until midnight on Black Friday itself, November 29.
“Novelty of Amazon is wearing off” as shopper numbers and Prime subscribers decline
Customer who purchase items on Amazon six times or more per month has halved from 80 per cent in 2017 to 40 per cent this year, according to new research from retail analytics firm First Insight.
Amazon launches Small Business Academy program
https://www.retaildive.com/news/amazon-launches-small-business-academy-program/566729/
Amazon launched a program to offer in-person seminars, community college courses, and webinars to small businesses.
Walmart overtaking Amazon? Not so fast
https://www.retaildive.com/news/walmart-overtaking-amazon-not-so-fast/566721/
Purchase frequency and even Prime membership at Amazon is declining, while Walmart is on the rise, according to a consumer study from retail analytics firm First Insight
Slow loading webpages lose customers in just 10 seconds, research reveals
Slow loading webpages lose shoppers in just 10 seconds, with nearly half (47%) of shoppers not being prepared to wait for more than 10 seconds before giving up on a purchase.
