Social media is overtaking traditional channels for UK SMEs' revenue generation
A study reveals that 28 per cent of UK small businesses are now making more money through social media than from any other channel, while 21 per cent worry about lacking digital skills.
Recent reports show 74% of UK buyers have halted shopping from their favourite brands
A recent study reveals that retailers are grappling with a surge in customer churn due to rising living expenses, leading to diminished customer loyalty.
UK retail industry has lost 6,000 retailers in the past five years
The UK retail industry has been battling with the closure of 6,000 retailers over the past five years due to burdensome business rates and the COVID-19 pandemic.
Reports show 50% of banks think data-driven financial services have provided commercial benefits
Financial institutions in the UK want to assist clients better, with over 80 per cent of bank executives committed to providing data-driven financial management support.
European consumer goods industry sees decline in product innovations amidst sales slump
A recent study reveals a decline in product innovations among major brand manufacturers in Europe's six largest markets amidst falling sales in Fast-Moving Consumer Goods.
Gen Z and Millennials prioritise retailers' reputation and values over price
A new study reveals that despite a challenging economic environment, Gen Z and Millennial customers prioritise retailers' reputations when making purchasing decisions.
Revolution of consumer behaviour: Exploring the transition of consumers to mobile shopping
With the rise of mobile shopping and the profound impact of the pandemic on consumer behaviour, retailers are investing heavily in their online presence.
Workplace noise taking toll on productivity and wellbeing, study reveals
A study revealed that excessive noise levels lead to a significant decline in productivity for 81 per cent of workers, with distractions and health issues also arising.
Family optimism reaches two-year high amid easing inflation and anticipation of summer vacations
According to the M&S Family Matters Index, family optimism in the UK is at its highest in two years as 45 per cent of the population have high hopes about their future.
London businesses weather storm as domestic demand rises
London businesses have shown resilience amidst cost constraints and inflation, with domestic sales increasing in the second quarter of 2023.
Business price hikes expected to ease as wage costs rises
The BCC Quarterly Economic Survey for Q2 2023 reveals that nearly half of businesses plan to raise prices in the coming months as cost pressures ease.
Data reveals 4 in 10 women entrepreneurs in the UK struggle with insufficient cash flow
Recent research has revealed gender disparities among small business owners in the UK, particularly when it comes to cash flow.
One-third of SMEs believe running a business has gotten more difficult in the last year
A recent survey revealed that 79 per cent of SME owners in the UK plan to develop their firms over the next year, marking a great increase from the previous year.
Apple Pay and contactless payments set to surpass cash in stores by 2023
A survey has revealed a major shift in payment preferences, indicating that Apple Pay and Contactless Payments will soon overtake cash payments in physical stores, with 87 per cent of face-to-face payments in the UK in 2022 being contactless.
More than half of UK businesses say customers are spending less
Recent research has shed light on the shifting trends, indicating a rise in remote work and an increasing preference for second-hand shopping among UK consumers.
British berry sector facing critical challenge amidst rising production costs
The British berry sector is confronting a critical challenge as retailers fail to keep pace with growers' increasing production costs.
Study reveals 81% UK online shoppers 'are concerned about fashion's environmental impact'
Makip exposes that the majority of UK online shoppers are worried about the environmental consequences of ordering multiple clothing items in various sizes.
Cost of living crisis leads UK consumers to welcome deinfluencer content
According to a recent report, UK consumers are growing disinterested in the influencer culture, with many unfollowing accounts that portray unrealistic lifestyles.
Operating profits in the grocery retail industry dropped by over 41%
According to CMA, competition in the UK grocery retail industry will keep price increases low, despite food and grocery costs at historically high levels.
Grocery price inflation sees notable decline while promotional spending rises
According to Kanta, a market research company, there was a significant 1.6 percentage point decline in grocery inflation towards the first week in July.
Why are more UK consumers shifting towards the metaverse and ChatGPT?
According to a recent study, the increasing adoption of the metaverse and AI-powered chatbots is reshaping how UK consumers engage with brands during purchases.
UK inflation drops to almost 8% in June 2023, marking significant slowdown in price growth
Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.
UK businesses can create nearly 2 million jobs through successful international expansion
A new report by Santander UK reveals that successful international expansion by UK businesses could create about 1.9 million jobs and boost Glasgow's economy by £735 million.
UK mid-market sees India as key growth opportunity amid ongoing FTA negotiations
Grant Thornton UK LLP's Business Outlook Tracker reveals that India is a growth opportunity for the UK mid-market as discussions for a UK-India FTA continue.
Recent report reveals 4 in 10 small business owners are trying to adapt to current economic circumstances
A recent report by PayPal reveals UK SMEs recognise the value of thinking outside the box, with 36% of their revenue generated through innovative approaches.
British small businesses face uphill battle as GDP dips and challenges mount
UK SMEs face challenges as GDP declined by 0.1 per cent in May 2023, and pressure mounts from interest rate hikes, inflation, and late payment practices by large businesses.
The UK food and consumer goods business struggles with low consumer confidence, inflation and labour shortage
The UK food and consumer goods business is facing challenges, including inflation and labour shortages, according to the Institute of Grocery Distribution.
How 'silent firing' is sweeping the UK work culture, according to recent study
A report reveals many people may be ignorant about a growing trend of silent mistreatment including gender discrimination that is forcing employees to resign.
Research reveals overstocking costs businesses an average quarterly loss of nearly £900,000
A recent report has exposed the overstocking challenge facing UK retailers, which has led to millions in lost income and jeopardised their financial stability.
Research reveals UK customers are losing faith in parcel delivery sustainability and service quality
UK customers are losing confidence in residential parcel delivery due to concerns about sustainability and deteriorating services.
