Talk of reduced consumer spending in the run-up to Christmas may not be a major concern for Selfridges. The high-end department store retailer has opened the biggest ever Christmas Shop at its London flagship.
At least one aspect of physical retail is growing in these tough times. The value of click & collect to the UK economy is expected reach £42.4 billion in 2022 as integrating digital and in-store fast becomes standard.
When a report opens with ‘severity of the economic situation for UK households’ we all know what to expect. Springboard on Thursday talked of “diminishing customer activity” in September, although it wasn't all gloomy.
There’s been much talk in recent years about the polarisation of physical retail as ‘supermalls’ and other top destinations draw the best tenants while the rest goes into decline. Now a new report seems to confirm that.
E-tailer N Brown has reported lower revenue for its first half, with profits also falling as its performance reflected the “normalisation of financial services post Covid and the macroeconomic environment”.
Choosing between physical and online retail isn't an issue for global consumers with most choosing omnichannel and actively combining the physical with the virtual, using phones in-store for research and for e-shopping.
Within days of issuing a positive trading update to shareholders, Hyve Group was back with further details of its progression, with trading for the year ended 30 September showing a “full revenue recovery”.