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Jul- 2019 -10 July
The impact of Brexit on the UK retail market
It’s no secret that the UK retail sector is facing a serious crisis, with the demise of several vendors including HMV, Toys R Us and LK Bennett a stark example of companies which have failed to stay afloat. But where did it all begin and what actions can retailers take…
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9 July
Disorderly Brexit could see the UK economy lose out on £22bn a year by 2024
Employers operating in retail most at risk of losing staff A ‘disorderly Brexit’ could see the UK suffer a £22bn reduction in economic output, compared to an ‘orderly Brexit’ – a new study has revealed. The report, developed by workforce management expert Quinyx in collaboration with Development Economics and Censuswide,…
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8 July
Why customers want to feel what they’re buying
While it may be convenient, browsing for items on a phone screen isn’t everything. In an increasingly connected world, where 66% of people suffer from nomophobia – the fear of being without your phone – brick-and-mortar spaces are making a comeback as locations where shoppers can physically experience a product.…
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8 July
What’s required for a business in the retail sector to thrive?
Latest figures from the British Retail Consortium (BRC) show that retail sales in the UK fell by 2.7% in May 2019, compared to a year earlier. The total three-month average was also down year-on-year, reflecting the challenging environment for the sector. And yet, despite the shaky exterior, many retail businesses…
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5 July
Why retailers should consider implementing AI
Artificial Intelligence (AI) along with other digital technologies has fully changed the retail landscape forever because it is enabling new and exciting opportunities, the likes of which have never been seen before. AI is enabling an end-to-end service to customers, meaning those retailers which haven’t already should fully consider implementing…
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2 July
How to make the most of empty retail spaces
Earlier in this month, The Times reported that the number of vacant shops on UK high streets rose by more than 7,500 last year, fuelled in part by store closures from large retailers such as Mothercare, New Look and House of Fraser. Debenhams then announced that it will downsize at…
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2 July
Who will lead the high street resurrection?
We may never know what Nietzsche thought of the UK retail sector. However, with today’s troubles, there is a good chance that he may well have felt the need to update his famous quote; ”the high street is dead… and we have killed it.” Walk down any UK high street…
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2 July
How online marketplaces are driving secondary market growth
Returned and excess stock is a problem for every retailer: in the UK alone £60bn of stock is returned each year. Whether a global retailer or a smaller specialty shop, most companies undervalue their returned and excess stock by 30-80%. Worse, when it comes to damaged or obsolete goods, a…
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1 July
Retail doesn’t need a level playing field, it needs nurtured players
Barely a day goes by without another news story about a high street name in trouble. There’s no doubt that the Great British High Street is undergoing a tumultuous period. But there’s still a lot of debate about what precisely underlying cause of these issues are. Much has been made…
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Jun- 2019 -28 June
Why leveraging fraud prevention data can enhance your customer experience
Ecommerce professionals are constantly measuring success by focusing intently on click-throughs, conversions and sales. They pay close attention to the cost of acquiring customers and the value those customers bring to the business. Sometimes it seems the entire retail game is about turning browsers into buyers. And that makes sense.…
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