Online Retail

7 days in retail – 19 November 2021

7 days in retail – an at-a-glance weekly digest of things happening in the retail sector this week:

  1. Inflation at its highest in 10 years – UK prices rose by 4.2% year-on-year in October
  2. Lidl to become UK’s highest-paying supermarket with £10.10 per hour wage setting out the stall for other retailers
  3. eBay predicts small businesses poised to profit from supply chain crisis as data shows 93% of sales in last 7 weeks on its platform are from small and medium sized businesses
  4. Marks & Spencer launches clothing rental service in big push for sustainability
  5. Asda creates hundreds of new tech roles to separate IT systems from ex-owner Walmart
  6. FatFace ranked top UK fashion retailer on the BOSCO™ Index league tables
  7. Card costs soaring with British retailers alone shouldering an extra £100,000 every day

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