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?
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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
Lowestoft High Street. Picture: Nick Butcher Archant © 2018 The prolonged hot weather and World Cup fever has scorched the UK high street with retailers suffering another month of negative growth, figures show. The high street saw a 1.1% fall in total like-for-like sales in July, the sixth month in a row of negative figures, according to accountancy and business advisory firm BDO’s High Street Sales Tracker.Heavy discounting led to sales growing 1% year-on-year in the first week of July, but footfall fell away because of the dual distractions of scorching sunshine and England’s unexpected progress in the World Cup.Sales declined by more than 2% in weeks two and three and remained flat in week four as the heatwave intensified.Year-on-year fashion sales grew 1.3% in July, the first time since September last year that in-store fashion like-for-like sales had grown by as much as 1%, but this was against a soft base of minus 3.5% for July 2017.The lifestyle sector … [Read more...] about How World Cup fever and heatwave have frozen retail sales on the high street
PUBLISHED: 13:25 17 April 2018 | UPDATED: 14:21 17 April 2018 Sarah Chambers Robert Hughes. Picture: SIMON FINLAY Archant © 2011 01603 772434 An East Anglian electrical retail chain has succeeded in countering falls in high street footfall by investing heavily in its online offer. Hughes Electrical managing director Robert Hughes said the investment was paying off, with 14 times more onlines sales per head of population within 10 miles of one of its 40 stores. East Anglian high streets saw shopper numbers fall by 5.6% in March compared to the previous year, figures released by , partly driven by weather, but partly by long-term trends, BRC-Springboard Footfall and Vacancies Monitor show. Across the UK, the average drop in footfall was even greater at 6%. “Electrical products tend to be a considered purchase with the majority involving both online and instore research - 58% of all purchases are then made in store, 35% online and seven per cent through click and … [Read more...] about East Anglian electrical chain fights falling high street footfall with online investment
PUBLISHED: 13:10 06 April 2018 Josie Clarke Sudbury shoppers brace the snowy conditions. Picture: GREGG BROWN The Beast from the East caused the biggest fall in high street retail sales for nearly 10 years, figures show. Year-on-year sales dropped by 10.1% for March, according to BDO’s High Street Sales Tracker (HSST). The only time a single month has seen a more severe dip was November 2008, when the UK was simultaneously battling snow and a global financial crisis. It was also the worst month on record for fashion sales, which were down 12.7% year-on-year, and homewares, down 13.2%. Sales of lifestyle goods rallied thanks to Mother’s Day, but the sector’s year-on-year dip of 4.5% for the month was still the second worst on record. But the month’s two snowstorms affected online sales as well, with year-on-year growth of 11% the lowest monthly increase since December 2015. The news is likely to be little better looking ahead to April, with the tracker … [Read more...] about Beast from the East delivers biggest drop in high street sales in almost a decade