28 August 2023
28 August 2023
Encouragingly, the UK retail sector has seen a significant increase in sales and orders, yet emerging supply chain challenges could affect its future.
The retailer's store sales dipped 7% while online sales declined 11% during the quarter.
New Look has rolled out return kiosks in partnership with ZigZag Global in selected stores across the UK.
The retailer says the URL on the packaging directed customers to a site that was unsuitable for child consumption.
Technology M&A and investment within the retail sector takes a back seat amid weak demand and rising interest rates.
Discover everything you need to know about your competitors and prospects to unlock every sales opportunity with intelligence trusted by Fortune 500 companies.
Per latest GlobalData estimates, the global duty-free market retailing market was valued at $49 billion in 2022, its highest level ever as it bounced back from the pandemic impact, and is expected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats.
Give your business an edge with our leading industry insights.
