Retail

• [New] All of the top 10 retailers in the UK are expected to see increases in sales, though most far less robust than Amazon or even Tesco. / FreshFruitPortal.com
• [New] With many states announcing unlocking process in a phased manner, retail demand is expected to pick up in India. / Economic Times
• [New] The danger in developing a CBDC is that retail banks will just drag their heels, resisting change, or could rebel and decide to develop their own private coins. / The Globe and Mail
• [New] The EU's digital wallet could offer a unique and secure public sector alternative to tools like Apple Wallet and Google Pay, which store virtual documents. / Verdict
• [New] While Canopy Growth posted larger-than-expected losses in Q4, Canadian cannabis stocks like Tilray and Sundial were sent ripping this week, mostly driven by retail investors on Reddit using platforms like Robinhood. / Business Insider
• [New] In 2021, 52% of home furnishing sellers in the world's five major overseas markets are optimistic about the market prospect and believe that cross-border e-commerce retail exports will usher in further development. / Spindigit
• [New] Starbucks announced a reusable Cup Share program that will be in every one of its 3,840 stores across Europe, Africa, and the Middle East by 2025. / TreeHugger
• [New] The news comes as a report by Worldpay predicts that cash will account for just 7% of in-store purchases in the UK by 2024, down from 27% in 2019. / Talking Retail
• [New] As Americans begin to venture out of their homes more, SPINS data suggests that sales of functional beverages will increase, SPINS' manager of retail reporting solutions. / FoodNavigator-USA.com
• [New] Retailers are increasingly using private label to appeal to a wide range of life stages as well as a change in shopping habits. / IGD
• [New] The price of furniture and electricals rose as retailers felt the lingering impact of global supply chain disruption from earlier in 2021. / InYourArea.co.uk
• [New] The only other channel to grow market share over the next few years is expected to be the discounters, which will account for 8.2% of UK chain retail share by 2020, up from 7.9%. / KamCity
• [New] The data from Edge suggests that a third (33.4%) of all UK chain retail sales will occur online by 2025, up from 26% in 2020, outperforming all physical channels by a stretch. / KamCity
• [New] Amazon is expected to account for a third of all UK chain retail sales added between 2020 and 2025, with compound annual sales growth of 16.3% for the five-year period. / KamCity
• [New] By 2024, cash will account for just 7% of in-store purchases in the UK, down from 27% of in-store payment transactions in 2019. / The Fintech Times
• [New] The world will store a total of 200 zettabytes of data by 2025, including data stored on public and private IT infrastructures, utility infrastructures, public and private clouds, personal devices as well as IoT devices. / UK Tech News
• [New] Furniture and electricals prices increased in May due to the lingering effect of global supply chain disruption earlier in 2021, partly caused by the Suez Canal blockage and the lack of shipping containers. / The Telegraph
• Just 7% of in-store purchases in the UK could be made in cash by 2024, a report has forecast, after the coronavirus pandemic fuelled the switch to cards and mobile payments. / The Guardian
• Iran could have around 65 million barrels of oil stored at sea, plus another 54 million barrels in storage onshore. / Resilience
• Tianzhou-2, storing waste and human excrement, will eventually depart from orbit and burn up on reentry into the Earth's atmosphere. / Xinhua
• British retailer Marks & Spencer forecast a rebound in profit in 2021 after an 88% slump in 2020-21 that reflected a collapse in clothing sales due to the COVID-19 pandemic but warned investors not to expect a dividend in 2021. / Reuters Event
• More U.S. retailers are accepting cryptocurrencies for payment, and one brand has even taken to hyping one of the more fringe of the financial products - prompting many to ask if cryptocurrencies will fill a valuable role or create a volatile mess. / Retailwire

Last updated: 10 June 2021