eCommerce sales slowed in April slowed as a result of improved weather and extended leave around the bank holidays. The British Retail Consortium reports monthly online sales growth in 2014 has been circa 12.7%, however in April, this figure dropped to 11.2%, with shoppers turning to the high street instead. Read more.
Carphone Warehouse and Dixons agreed a £3.8 billion merger. The move, which will see the brands rename to Dixons Carphone, is expected to save the companies £80 million per year in costs, and will allow the group to achieve “integrated mobile retailing and procurement synergies”. Since announcing the merger, the share price of both companies tumbled, wiping £400 million from the value of each company. Read more.
99% of retailers are failing to convert social media marketing efforts into profits according to a survey by BuyaPowa. The report claimed that Tesco was the only retailer to be successfully monetising its social audience.
CeX became the first retailer to accept payments via Bitcoin in one of its stores. Bitcoin is an online currency, created in 2009 which does not depend on a central bank. Coins can be transferred from customer to customer, and can be stored in a digital wallet. There is a useful guide to Bitcoin, what retailers need to know, here.
CitySprint are to trial a “two hour store-to-door” delivery service from a shopping centre. The trial, which will allow customers within a 10 mile radius of Churchill Shopping Centre in Brighton to receive goods within two hours, will feature real time tracking, and is a first for the retail sector. If successful, the two week trial could be extended. with DPD also announcing Sunday delivery options, the options for order fulfilment in retail are ever increasing. Read more.