Nicola Harrison is senior reporter for Retail Week.
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Shoppers are using less cash than ever as retailers invest in easier and more convenient ways to pay.
Spend in London’s West End is expected to surge 25% to £12.5bn by 2020, driven by Asian and US tourists shopping in the area.
Retail sales are expected to grow at a faster rate over the next decade than the past 10 years as a “new era of buying” is ushered in by the rise of the ‘considered consumer’.
Shoppers expected to spend £87bn online in 2013Subscription
Shoppers are expected to spend £87bn in 2013 following strong growth through the channel over Christmas.
Next year looks set to be as tough as 2012 for retailers, with “shaky consumer confidence” likely to continue into 2013.
The Government has been accused of delivering a “further blow to the country’s struggling high streets” by postponing the revaluation of business rates from 2015 to 2017.
Mary Portas has questioned the Government’s commitment to the high street and town centre improvement proposals she has set out.
The national minimum wage for 16 to 20 year olds will be frozen next year to stimulate job creation for young people as the adult rate rises 1.8%.
Swarovski reveals plans for lola&graceSubscription
Swarovski has revealed details of its new lola&grace brand, aimed at a “younger, trend-led” audience.
Retail sales suffered their biggest fall in three years in January, according to the CBI Distributives Trades Survey.