PUBLISHED: 11:22 17 January 2019 | UPDATED: 11:31 17 January 2019 Daniel Whytock Today, shoppers want the best of the on and offline world. Picture: PAUL GEATER Archant Daniel Whytock from www.downyourhighstreet.com discusses what tech is likely to impact the retail sector in the coming years. Retail tech is moving fast and high street retailers must act or get left behnind . Picture: GREGG BROWNIs online shopping truly causing the end of high street shopping? Amazon is investing in brick and mortar stores, which suggest that the high street still has a place in our shopping future. As consumers we want the best of both on and offline worlds and more: convenience, choice, and a diverse range of shops and businesses.As grim as things appear to be on the UK high street today, there is a way back - omni-channel retail that seamlessly integrates digital technology is the key to high street survival.But retail tech is moving so quickly that if high street … [Read more...] about How can high streets retailers make best use of technology?
High street retailers uk
Aldi has posted its best Christmas trading report to date. Byline: Sonya Duncan Copyright: Archant 2018 Brands are beginning to release their Christmas sales figures as January ticks on – and many are better than expected. Dunelm, Aldi and Hobbycraft, which all have outlets in Norwich, have each posted positive trading updates this week, seeing a growth in sales and shaking off the fears held by many other high street retailers. Discount supermarket Aldi reported it has had its best Christmas to date, ringing up sales of almost £1bn in the UK during December.The company said that sales were driven by customers switching from other food retailers amid higher demand for its premium ranges.Giles Hurley, chief executive of Aldi UK, said: “Although we saw strong growth across all key categories, the standout performance was in our Specially Selected brand where shoppers treated themselves to premium products for a fraction of the price they would have paid elsewhere for … [Read more...] about Aldi, Dunelm and Hobbycraft shake high street trends with Christmas sales boom
PUBLISHED: 00:00 05 January 2019 Richard Porritt Despite some retailers reporting a late spike in festive sales overall results were down Picture: ANTONY KELLY Archant Norfolk 2016 Despite better-than-expected results from some of the East’s big high street names retail sales fell in December. According to a high street tracker conducted by accounting firm BDO, store sales fell by 1.9% last month year-on-year – the sixth successive December to record negative sales growth.And the gloom does not end there – December was also the worst year on record for like-for-like sales with 2018 recording 11 consecutive months of negative sales growth since January.The news comes after Next and John Lewis reported decent festive periods.Fashion and lifestyle retailers were the poor performers, with sales plunging 2% and 3.9% respectively in December.However, in-store homeware sales grew 9.3% and online sales grew 11.9% as consumers opted to do … [Read more...] about High street reach new low in December
PUBLISHED: 08:30 24 December 2018 | UPDATED: 08:30 24 December 2018 Jessica Hill Street in Ipswich Archant Britain’s struggling retailers have axed nearly 150,000 this year with experts predicting fresh pain in 2019, research for the Press Association has shown. End of year figures compiled by the Centre for Retail Research show that 148,132 jobs have been wiped out as almost 20,000 shops and restaurants closed their doors.Professor Joshua Bamfield of the Centre for Retail Research said: “While Parliament is obsessed with Brexit, business rates and low growth are killing the high street.“We feel that 2019 is going to be a repeat of these dire figures unless or until the government takes action to provide a level playing field for both online retailers and the high street.”Real estate adviser Altus Group said rising business rates will also add pressure on the high street, forcing firms to pay an extra £127.88 million on 50,000 … [Read more...] about More High Street job cuts on the way after 150,000 lost in 2018
An Amazon boss has denied the online giant is "single-handedly killing the high street" while being grilled by a parliamentary committee. Lesley Smith, director of public policy, insisted the website is responsible for a "relatively small part" of digital sales in the UK during the meeting for Housing, Communities and Local Government today. She was also forced to defend suggestions by MPs that Amazon takes advantage of low business rates while making use of the same services and infrastructure as physical retailers. Some 93,000 retail jobs have been lost in the past year during a high street squeeze, according to an analysis by the British Retail Consortium. Communities Committee chairman Clive Betts MP asked Ms Smith and three other online bosses on the panel: "Is it true Amazon is single-handedly killing the high street?" Ms Smith said: "Eighty-two per cent of retail in the UK is in physical retail rather than online. Only 18 per cent is actually online, of which we are a part but a … [Read more...] about Online retail giant denies claim that the high street is dying out due to their business as Amazon boss says 82% of shopping takes place offline, committee hears