Scottish retail was given a boost Wednesday with news it won’t pay business rates through to next year. The measures, which also cover the hospitality and leisure industries, will last until April 2022.
There may have been lots of news stories about interruptions to trade because of Brexit, but it seems that consumers in key European markets are still buying from Britain, data from eShopWorld (ESW) shows.
It took the pandemic to shift all sales operations online. So clothing, lifestyle and accessories retailer Skinnydip London introduced automated merchandising and A/B testing technology to boost its digital operations.
Retailers had been expecting a steady shift towards online shopping for some time, but the impact of the pandemic changed retail fast and the UK saw the equivalent of five years of e-tail sales growth in only a year.
Physical shops may be closed, but 52% of UK retailers are offering products specifically for Valentine’s Day. And 41% are expecting the event to give them a sales boost with average expectations of a 26% increase.