January saw another slowdown for e-tail sales with the new IMRG Capgemini Online Retail Index — which tracks the sales performance of 200+ e-tailers — showing the worst figures ever recorded with a decline of 24.4%.
A lack of lockdowns this autumn meant online retailers failed to match last year’s Black Friday digital shopping bonanza, with trading down 14.3% year-on-year. That was slightly worse than the anticipated 10% drop.
Kingpins, the international denim trade fair, has unveiled the program for its latest Kingpins24 Flash digital show, which spotlights the Latin American denim market with a two-day event this November.
UK consumers may have rushed back to physical stores last month, but the reopening of non-essential shops in Britain didn't appear to send online spending's trajectory into reverse, despite speculation that it would.