Data Observations - UK
Our global teams observe the data daily and provide insights based on the trends they detect and the current situation in their respective countries.
As revenue from online retail increases, large global retailers like Zara are closing stores to focus on online sales and e-commerce growth.
News that the UK’s Prime Minister would make an announcement on May 10th about relaxing the country’s lockdown measures tempered e-commerce revenue growth, leveling out at just under 150% YoY.
While ease of lockdown restrictions elsewhere in the world leads to consumers switching back to offline channels, the UK’s retailers report +200% growth online.
Divergence in growth between Sweden and the UK indicates that Britons stuck at home are increasing their spending in the Home and Leisure category.