73% of Brits are concerned about having enough funds to manage the festive shopping period, according to research from FinTech firm Trust Payments.
The company surveyed 2,000 residents in the UK and found that not only is the festive season a concern but over a quarter claim to be unsure of their current debt, while the same number claim that they have no idea how much they have accrued previously.
The research also found significant changes in buyer behaviour across the UK ahead of the busiest quarter for merchants and shows how businesses must realign their payment processes to how consumers want to spend during the cost of living crisis and the upcoming festive season.
25%…New research from parcelLab shows that 25% of the UK’s leading brands, such as Zara and boohoo, are now charging shoppers to return purchases they have made online; a year-on-year increase of 14%.
90% and 99%…Last mile delivery specialist, Stuart, says that it is delivering more than 90% of Tesco online shopping orders in less than 30 minutes.
Following the launch of the grocery giant’s Whoosh service, which aims to get orders to customers in under 60 minutes, it has been working with Stuart to refine and perfect ultra rapid grocery deliveries from store.
Whoosh and Stuart have delivered increased numbers of orders to customers in less than half an hour from ordering, and 99% of all orders have been delivered within a one hour time promise.
4…RTIH has added four more people to the judging panel for its 2002 Innovation Awards: Wizz Selvey, CEO, WIZZ&CO, David Polinchock, Co-Founder/President, Unified Brand Experience Lab, Sharon Peters, Head of Technology – Corporate Functions, Marks & Spencer, and Peter Waugh, Digital & Data Director, Compass Group.