19 Dec UK Market Highlights – December 2017
Every month B.D.C. gives you the key retail information you should not have missed. Key trends, innovation, major players, startups, market figures – discover in 60 seconds the latest key retail news.
UK MARKET HIGHLIGHTS
According to a survey of 50 major UK retailers and 1,000 British consumers, cross-border trade in the UK is expected to increase by 57% this Christmas to £1.4m in retail sales and foreign citizens purchasing from UK-based stores will make up one third (33.3%) of total European sales this Christmas.
In addition, total Christmas spending in the UK is also predicted to reach £78.7bn this year, up 1.4% from 2016 (£77.6 bn).
Looking at a new survey from the retail agency Savvy, more than a quarter of UK consumers expect to do some online shopping on Christmas Day.
Westfield announced this month it is bought by Paris-based Unibail-Rodamco for £18.5 billion. The deal will create a combined global estate worthing £54 billion. The announcement came just a week after Westfield’s biggest UK shopping centre rival, Intu, announced a £3.4 billion deal with property giant Hammerson, inorder to create the UK’s largest property companies with a value of £21 billion.
Ocado Solutions announced this month its first international deal with Casino in France (see our article on this topic here). Casino group (£ 31.7bn turnover in 2016) is teaming up with the online-only UK grocer and tech provider and the alliance aims to develop Casino online sales, starting with one of its subsidiaries: Monoprix.
In December, Amazon Fashion has unveiled its debut campaign for its in-house lingerie brand Iris & Lilly. The new collection from the brand is currently available at Amazon.co.uk and includes more than 500 styles. One more Amazon’s foray into the fashion industry.
NEWS FROM OUR ECOSYSTEM
We are pleased to announce that B.D.C. will attend the Retail Business Technology Expo (RBTE) in London in May 2018. The event will take place from the 2nd to the 3rd of May 2018 at Olympia Grand in London.RBTE is a must-attend event for European retailers, etailers and startups who want to keep up to date with all the latest solutions in digital retail. You are a startup or a retailer ? B.D.C. can plan and organise your business trip to London including meetings, conferences and retail tours across London. Do not hesitate to contact us now at email@example.com.