Each week we gather the top three eCommerce news items of the week. Here’s what stood out for us this week!
eCommerce sales grew 34% year-on-year in June 2020 – the highest growth rate reported since March 2008. According to the IMRG Capgemini Online Retail Index, shoppers continued to turn to online shopping during lockdown, despite stores reopening halfway through the month. The high growth rate also built on May’s record increase, with a 3.5% month-on-month increase in sales. Read the full article here.
The coronavirus pandemic has given retailers “a once-in-a-lifetime opportunity” to embrace digital technologies and restore shoppers’ confidence in physical stores. “Tech-enabled applications like virtual queuing, footfall analytics, contactless payments, self-checkout and chatbots have suddenly seen an uptick at point-of-sale for retailers.” Read the full article here.
Prices on food and clothing will increase if the government and the EU cannot agree on a tariff-free Brexit deal before the end of October, the BRC warned.
The trade association warned that “time was running out” for a zero-tariff trade deal to be agreed. It said that failure to do so would lead to price increases being passed on to UK consumers. Read the full article here.