Posts Tagged ‘Retail’
We are pleased to announce that the Robinson Goldsmiths ecommerce web site went live today.
The web site sells a large range of designer jewellery from Alan Ardiff, Nick Hubbard as well as selling a wide range of the popular Troll Beads.
We wish Robinson Goldsmiths good luck with their ecommerce web site.
The top 10 fashion and accessory websites by share of the overall total for the UK for week ending October 17 are.
1. Next
2. Asos
3. New Look
4. River Island
5. Topshop
6. Shirtinator
7. M&M Direct
8. Tesco
9. Dorothy Perkins
10. Matalan.
Whats your favourite?
source: Drapers.
Retail sales in Ireland in June have increased for the first time in four months.
The Central Statistics Office revealed that the volume of retail sales, excluding cars, in Ireland was 2% higher in June than in the previous month. The value of sales grew by 0.1%.
Clothing and footwear and department store sales drove the performance, reflecting lower prices on the high street.
While almost all retail sectors reported an annual decrease in sales in June, clothing and footwear notched up a 3.2% monthly increase in sales volumes.
Year-on-year overall retail sales in Ireland dropped 5.5%.
Ulster Bank economist Lynsey Clemenger said the June figures were “an encouraging, if tentative, omen for retail prospects in the third quarter”.
source : Drapers
Online retailers are set to ride to the rescue of Britain’s retail sector by posting the only growth in British retailing before 2012, according to the forecasts in a new report conducted for PayPal.
The PayPal UK Online Retail Report, undertaken by Experian, forecasts that by the end of 2011, high street sales will plummet by up to £8.3 billion while online retail sales in the UK are set to grow by up to 137% per cent. This expected growth, amounting to as much as £12.3 billion, would see the value of annual online retail sales jump from just under £9 billion to £21.3 billion.
The report is part of a major study for PayPal into the future of online retail and its role during and after the current recession. It suggests that the massive online growth is driven by a new breed of ‘considered consumers’ who are heading online to find better value.
The report forecasts that, from 2008 to 2011:
The figures would see the online retail market more than double its market share from 3.2% in 2008 to a possible 7.4% of total retail spending by the end of 2011.
“The value of online retail can no longer be dismissed as a sideshow. Its phenomenal growth is not only forecast to deliver sales of as much as £21.3 billion by 2011, but a £12.3 billion increase will also ensure that the entire UK retail sector is growing again by the end of 2011,” says Carl Scheible, managing director at PayPal UK.
“The recession has been tough for many UK retailers as they deal with the slowdown and its knock-on impact on consumer spending,” he adds. “Of course, many of the major high street brands have actually enjoyed the online boom, despite facing challenges in their own stores. The improvements in online shopping will continue to drive consumers until they are spending one in every 14 pounds online.”
Over 45s and the regions set to drive growth in online sales.
65% of consumers plan to increase their internet shopping over the next 12 months, with older shoppers and the south west leading the charge
