UK HNWIs ages 18 to 24 are more than three times as likely to invest in ESG funds as those over 65, per August 2021 research from the Saltus Wealth Index.

The UK follows suit: “As in the US, we’re seeing [health, personal care, and beauty ecommerce] sales growing fast at 7.6%, and that's versus a 0.6% dip in overall UK ecommerce sales this year,” said our analyst Carina Perkins.

According to July 2022 data from Anteriad, 61% of marketers in the US and UK have a CRM in their martech stack. CRMs are traditionally owned by the sales team, but they are now essential to show attribution and marketing’s contribution to revenue growth. Predictions. Marketers that don’t get integration right will miss the mark.

The UK unemployment rate is 3.7%, per the UK’s Office for National Statistics. The EU unemployment rate is 6.0%, per Eurostat. Retailers respond: The tight labor market has driven several retailers to make worker-centric changes.

UK-based Oxbury offers lending services to British farmers and savings accounts that support farmers to individual or business customers. Insurtech World Cover uses satellites to underwrite climate insurance for small farmers in emerging markets like Kenya and Ghana. Kenya-based startup Twiga connects farmers directly to buyers.

This rapid delivery infrastructure doesn’t exist for social apps in the US and the UK. Sweet streams: For livestream shopping to catch on in the US and the UK, brands and platforms need to pay attention to what motivates shoppers. Exclusive discounts would be a big draw in the UK, said Perkins, along with games, quizzes, and giveaways.

Average spending on social ads by small and medium-sized businesses (SMBs) rocketed 271% from 2020 to 2022, despite a sharp dip when the pandemic first hit Europe in early 2020, per a June 2022 Spendesk survey of over 4,000 SMBs in France, Germany, and the UK.

But successful postal banking systems exist in much of Europe, with the system in the UK expanding rapidly. The cost of living crisis in the UK has caused citizens to turn to cash to aid in budgeting and handling day-to-day expenses. But the sweeping number of bank branch closures in recent years has made it more difficult for citizens to access cash.

I'm going to guess that it's some tiny little pub with a boarding room somewhere in England. So I'm going to say somewhere in the 1500s, maybe. Marcus Johnson:. Close. It's not really close. You've got about 800 years further back to go before you get to... Let me say this right, the Nishiyama Onsen Keiunkan, which is a Japanese resort not far from Mount Fuji, which has been in business since 705 AD.

The deal will allow GoHenry to expand to the US, while giving Acorns access to the UK, French, and Spanish markets. In the US, the new entity will be called GoHenry by Acorns. In the UK, it will be called GoHenry, and in French and Spain it will keep the name PixPay, which was established through GoHenry’s acquisition of PixPay last year.

It’s not unusual for consumers to combine digital and physical channels while shopping—37% of US and UK adults research products on a retailer’s website and purchase in-store, per a January 2023 Coveo survey. Retailers can use their mobile apps to provide in-store shoppers with more product information and boost discoverability for brands. Use this chart:.

UK. Matteo Ceurvels:. The UK? No. Paul Briggs:. I'll say the US. Bill Fisher:. Carina, you were first, I'm going to give you the point. It was the UK. It was 12% in 2013 and they've traded places 'cause the UK is now second to China with 32%. I've got to give some points somehow here. So well done, Carina. Right. The final question. Loblaw, is it Loblaw or Loblaws, Paul? Paul Briggs:.

The UK significantly boosts the average, given that digital channels will claim nearly 36% of UK retail sales volume this year. In the other former EU-5 countries, shares will be much lower, ranging from 6.3% in Italy to 12.2% in Spain. As with total retail, prospects for growth are constrained.

Intensifying competition among BNPL firms and incoming regulation in the UK and US also likely contributed to Klarna’s lower valuation. Dive deeper: Check out our US Buy Now, Pay Later Feature Demand Report 2022 for analysis on the 49 BNPL features that consumers want most.

The UK: The Financial Conduct Authority (FCA) released new data last week regarding the approval of crypto firms for operation in the UK. As of January 2021, crypto firms are required to apply for approval by the FCA to operate in the country. One year later, data from the FCA revealed that 88% of applications had been rejected. Out of 250 applications, only 30 were approved.

As in the UK and Germany, the retail industry in France will keep increasing its presence in the digital advertising space. The coronavirus outbreak sparked a rise in digital buying and ecommerce, and consumers in France are continuing to purchase online. As a result, advertisers shifted their ad budgets toward digital even faster than previously projected.

“We’ve seen a fair amount of this kind of consolidation in the UK where other retailers are buying these brands out of administration [or bankruptcy]—not necessarily always the stores, but sometimes just the intellectual property,” said Perkins. Case study: UK retailer Next has avoided closing its own doors with the smart purchases of retailers Cath Kidston and Joules.

Incumbents also bring their brand names with them, especially in very competitive markets like the UK. Startups that link up with these established incumbents have a head start at gaining consumer loyalty. One example is Lemonade’s partnership with UK-based incumbent Aviva. While Aviva is well-known in the UK, Lemonade’s popularity in the US hasn’t yet translated to the UK market.

Some major youth banking apps that charge a monthly subscription fee include France-based Kard, UK-based GoHenry, US-based Greenlight, and US-based Copper. Pros: A subscription model offers a valuable revenue stream to these apps, and it could help keep users engaged since they’re paying for the services.

In the UK, it seems very convinced that it can make a success of commerce in the UK market. I think it decided to target the UK because the UK is quite an advanced e-commerce market, penetration is quite high, a lot of people are already shopping on their mobile, so it saw it as a market where it could potentially succeed.

Average time spent with TV was 2 hours and 56 minutes (2:56)—more than any other country tracked (The UK and Romania tied for second place, at 2:40 daily). Since 2019, US time spent with broadcast TV only increased 5 minutes. Online TV/streaming added 31 minutes since 2019. Western Europe trails North America and Latin America in time spent watching traditional TV.

UK Finance. US Federal Reserve. Visa.

Extra credit: Check out our UK Beauty 2023 report to see how the lipstick effect is playing out in the UK market. This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing—a daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe.

Instant Bank Pay, which was already live in the UK, lets merchants collect one-off payments through open banking. The solution supports merchants that get the majority of their revenues through recurring payments but may not have anything in place to collect extra one-off payments.

The UK, China, and South Korea led in global ecommerce penetration for 10 years. The UK—not China—was the first to shoot past the 10% milestone in 2012. The early shift to online grocery helped establish the UK as the digital leader in Europe. Even today, there’s a significant gap between the digital penetration in the UK and other countries across the region.