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Online retail news in brief (25 July 2018)

By IMRG

In case you missed them, we’ve pulled together a few online retail news highlights from around the web this week.

Here are some of the latest stories in online retail.

 

UK ecommerce sales exceed £28bn

Records have been broken in the ecommerce industry this year, with sales exceeding £28bn in the first half of 2018.

This is according to the Adobe Digital Price Index, which is based on more than one trillion visits to over 4,500 retail sites in the UK. The figures corroborate IMRG’s findings in its monthly Sales Index, which has put the boost to expenditure down to a royal wedding, a scintillating World Cup, and an inexhaustible sun.

Vijayanta Gupta, Senior Director for Digital Marketing EMEA, Adobe: ‘While shopping figures are lowest over the weekend, Mondays consistently have the highest sales of the week, with sales decreasing as the week goes on. This trend goes back to the days of direct mail catalogues, where decisions were made on Saturdays and Sundays, and conversions took place back at work on a Monday.’

Retailer profit warnings double in 2018

The first half of the year has seen a posting of 20 profit warnings from FTSE-listed retailers, according to new research from EY.

This is double the number from the same period in 2017. EY attributes the strain to rising operational costs from labour, high business tax rates, and the switch to online shopping.

In a statement, EY said: ‘To stay in this ever-changing game, retailers will need to invest more and take more risks, but many lack the capital and wherewithal to move forward. Most well-planned and structured CVAs should get approval; but landlords are starting to take a tougher stance and there are few levers left for retailers to pull.’

UK leads Europe in online shopping

Online shoppers in the UK and US are more likely to buy more than one product a week compared to their European and Australian counterparts, according to the ING International mobile banking survey.

16% of Britons surveyed claimed to have bought goods or services more than once a week in the last 12 months, while 77% of UK citizens claim to shop online at least once a month. Only 10% of Europeans, on the other hand, were found to purchase multiple products in the same week, while 67% buy goods online once a month.

Worldpay exploring UK drone deliveries

A proof-of-concept delivery drone is being developed by Worldpay, which will incorporate contactless technology.

This comes off the back of a survey into delivery drones, which found that 39% of customers would be receptive to the idea of drone deliveries (with Millennials most enthusiastic about the innovation at 49%). Further to this, 41% of those surveyed would be interested in using drones for returns.

The drone itself would work in tandem with a technological mat, situated at the customer’s house. The drone would interact with the mat upon arrival, and if the correct card details found contained in the mat corresponded with those attached to the purchase, the package would be released.

Motie Bring, General Manager for the UK, Global Enterprise eCommerce, Worldpay: ‘Along with cost-cutting benefits, drones could also be the answer to reducing congestion and pollution, and enabling faster delivery times. Our data suggests that consumers are becoming increasingly open to the notion of drone delivery, but there are still several logistical hurdles that need to be addressed before it becomes mainstay.’

Father Christmases Hold Annual Congress

The ongoing scientific conundrum on Santa’s ability to flit between every household in the world in one night was solved this week, after it was revealed that there are, in fact, many Santas, and they hold an annual convention every year in Copenhagen.

More than 150 Santas turned up for the 61st World Santa Claus Congress, representing nations as far flung as Japan and the United States. Amongst presumable discussions on elf salaries and a generous dose of ho-ho-hoing, the Santas also took a dip in the sea and competed in the Santa Obstacle Course World Championships.

The matter of flying reindeers is still a closely guarded secret in the community, however, as the Father Christmases opted to travel to the event by regular human transport.

Collection of Santas

Ho Ho Holiday

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