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Lloyd's Loading List Search our news archive Will Waters | 2021-05-10 09:17:42.0 New UK government figures released reveal many businesses are still overwhelmed by the impact of Brexit, with over 39% of importers reporting they are still struggling with new customs duties and other issues Retailers and other companies that import products from the Far East to the UK are facing major supply chain disruption and increased logistics costs resulting from the global shortage of shipping containers and challenges in accessing ocean freight capacity, adding to continuing Brexit-related and Covid-rel...

By Praseeda Nair2021-05-05T18:45:00+01:00 The discount retailer Poundland is trialling online sales. That leaves only a few High Street chains, such as Primark, holding out against the move online. It won’t be long before every UK store joins the e-commerce revolution, says ParcelHero. The High Street discount store chain Poundland has launched a trial home delivery service to 18,000 staff and selected guests, it announced this week. The home delivery expert ParcelHero says Poundland has been planning the service since last July. The real surprise is that it has resisted online sales for ...

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By Praseeda Nair2021-04-25T12:30:00+01:00 Online sales rocketed 62% this March over lockdown March 2020. What does this mean for UK independent retailers? Despite the temptations of an imminent return to shopping in ‘real’ stores, March online sales still boomed 0.6% against February’s sales and over 60% against the first month of Lockdown 1.0 last year. Recent Office for National Statistics (ONS) retail sales figures for March reveal the value of online sales boomed by 62% against the same month last year, which was the first-ever lockdown month. The British Retail Consortium estimates...

February food export stats: note of caution sounded That’s according to Mark Lynch, partner at corporate finance house Oghma Partners. Exports of food and live animals to the EU increased by £300m (77.4%) in February 2021 compared to January, according to the Office of National Statistics (ONS). The rise comes after exports were significantly impacted during the previous month​​, with the ONS report for January having shown a drop in food and animal exports to the EU of £700m (63.6%). Assessing HMRC data, the ONS also reported an ‘uptick’ in exports of fish and shellfish to the E...