Top Retail News & Good News for Retailers ft. Brexit

Sep, 1 2016

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"UK sales rose by 1.4% in July after a 0.9% drop in June 

When Brexit was signed, retailers held their breath and restrategized for the backlash. After a sour June though, things are looking up for retailers. Don't forget to check out this week's top news too!

In a report from Marketing Week - Retail sales jumped by 1.4% month-on-month in July, according to the Office for National Statistics. The expecatations by top economists? Only 0.2%!  Looking back to July 2015, sales have increase 6%. 

The overall emotions are looking good as well. Take a look at GfK’s latest consumer confidence index. Although this is 10 points lower than in August 2015, it represents a major improvement on July’s score of -2. 

 

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The positive news in trending too as another report from The Gaurdian highlights insights from Ian Geddes, the UK head of retail at consultants Deloitte. He said:

                                                       “Retailers will be buoyed by the news of steady confidence and increased spending,                                                                                     and the industry as a whole should feel optimistic about the second half of the year,                                                                                 Between now and Christmas, consumers’ spending habits are unlikely to change                                                       dramatically, and retailers have an opportunity to make hay while the sun shines.”

 

So what can you take away from this?

Hit hard before Christmas! Follow our guide to having your best holiday sales ever. Ending and Starting the year off right is the best way to ride the positive waves. Now is the time to strategically delight cusomers while preserving margin. When unrest over the Brexit revisits, your business plan will be in the right place to optimize promotions

 

Now that you are a master and ready to take on the Brexit, make sure to browse the top headlines for this week!

Top Retail News & Insights

Every Friday we post top trending retail news for you and are now introducing a fun fact to help you benchmark your marketing efforts against peers. Get the articles here.

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1.My Total Retail: Moosejaw's Eoin Comerford on Brand Loyalist

Eoin from Moosejaw talks about how they differentiate themselves and stay competative through personalized, unique, delightful VIP customer experiences. He gives Team AgilOne at shout out at 17:40 talking about his CRM and getting omni-channel customer fused, analyzed, and useful. Register to watch his and other top retailer webinar sessions from the virtual event.


2. NRF: Check out this interactive map and graph that explores the impact of retail on the US

Did you know 1 in 4 workers in the US belong to the retail sector? See the breakdowns here.


3. The Retail Doctor: Hospitality sector leads retail electronic card spending for July: Statistics NZ

Retail spending using electronic cards in July increased more than $260 million compared to the same time last year. According to Statistics New Zealand, retail electronic card spending in July totalled $4.8 billion, up 5.8 per cent from last July. Total spend across all electronic transactions was $6.5b. Hospitality spending increased the most, up $139m!


4. My Total Retail: Amazon's Plan to Fight Counterfeiters Will Cost Sellers

Amazon.com is addressing its counterfeiting problem, but it’s going to cost sellers a pretty penny. CNBC reports online stores on Amazon that sell name brands, such as Adidas and Nike, are being told they have to pay a one-time, nonrefundable fee of $1,500 per brand - and there's more!


5. MediaPost: Smart Home Product Marketing Moves To Retail Store Aisles

At the MediaPost IoT Marketing Forum in New York last week, we asked Bill Lee, VP, Smart Home Marketing at Samsung Electronics America, how Samsung is dealing with essentially getting the IoT word out throughout the purchase cycle. These were his insights...

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