Connect with us

Business

BRITS SPENDING £3.1BILLION ON IMPULSE PURCHASES EACH MONTH 

Published

on

BRITS SPENDING £3.1BILLION ON IMPULSE PURCHASES EACH MONTH 
  • 91% of the British public admit to making impulse purchases every month
  • Some of the strangest last-minute buys include £120 worth of cheese and a furry rabbit
  • Shoppers blame late night browsing and irresistible deals for their habits

The British economy is benefitting from Brits’ lack of will power when it comes to piling up their baskets and straying from their shopping list, new research reveals.

From adding to their wardrobe to filling up their fridge, the average person spends £47.84 on spontaneous buys every single month meaning as a nation we’re spending up to £37 billion on these types of purchases over the course of a year.

A study conducted by delivery management company, Whistl, has delved into the impulse buying habits of the British public and revealed that a huge 91% of the nation make impulse purchases every month.

Top five items that are bought on impulse each month include:

  1. Clothes (56%)
  2. Food and drink (49%)
  3. Home accessories (34%)
  4. Shoes (27%)
  5. Jewellery (22%)

However, some shoppers are making more unusual purchases, as some of the weirdest impulse buys revealed in the research included, a furry rabbit, £120 worth of cheese, a castle for a pet cat, and 100 condoms.

Looking at where Brits are going to splash their cash, supermarket trips seem to be their Achilles heel, as over half (59%) admitted that this is where they are adding the most extras to their baskets. Online retailers including Amazon and eBay were named as the next best places to go to indulge.

Insomnia and a pint appear to be the backbone of the British retail economy, with over a third (39%) of Brits admitting late night browsing online leads them to these types of purchases and 24% said having a drink got them pressing buy now. Others claimed a special offer makes them more likely to buy on impulse.

When it comes to the delivery time, some impulse buyers aren’t as eager as they first appear with over a quarter (28%) of those surveyed saying they are happy to wait a week for their impulse buys. However, a third are not so patient and are only willing to wait two to three days to receive their purchases.

Melanie Darvall, Director of Marketing & Communications at Whistl said: “Today, more and more Brits are used to being able to get hold of anything they want or need at the touch of a button. From adding an extra bottle of wine to your basket at the supermarket to splashing out on a new pair of heels that are 30% off ‘just because’. These types of purchases can soon add up but it’s great to see so many shoppers being savvy when it comes to getting the best prices and quickest delivery.

“Impulse buying has always played a key role in the retail mix and with the rise of online shopping, retailers must offer a seamless experience with easy navigation, fast payment and a choice of delivery options.”

 To find out more about the research please visit: http://www.whistl.co.uk/news/brits-spend-over-3-billion-on-impulse-buys-every-month/

Business

Calabrio charts record year-on-year UK growth as demand for cloud technology soars during lockdown

Published

on

How cloud technology can help you keep on top of your business finances

Digital transformation acceleration drives cloud contact centre adoption of Calabrio workforce engagement management technology

Calabrio, the workforce engagement management (WEM) company, has seen a strong growth trajectory in the UK during the last 12 months, despite the global pandemic. Achieving 30% year-on-year sales growth, Calabrio International has welcomed more than 150 new customers, with the UK adding a third of those from a wide range of industries including many online challenger businesses. In addition, Calabrio has made strategic new appointments to build its customer support network.

Calabrio charts record year-on-year UK growth as demand for cloud technology soars during lockdown 1

Kris Mckenzie

Kris McKenzie, SVP, Sales, International at Calabrio commented, “Our focus on cloud-first solutions has resonated well with our customers’ need to accelerate their digital transformation and move their contact centres to the cloud in order to maintain business continuity. At a time of uncertainty when consumers need robust support more than ever before, we are witnessing first-hand the cloud transformation of customer services by organisations looking to deliver the next level in customer experience. Modern businesses and contact centres using Calabrio are able to provide exceptional service to their customers through disrupted times.

“Coupled with businesses operating solely online, we have also seen strong demand across the board from more traditional sectors such as finance, insurance, retail, consumer goods, local and central government departments. These organisations require an innovative yet reliable solution to help them manage unprecedented levels in demand.”

When Calabrio surveyed its customers recently[i] 72% of organisations stated they are either moving to the cloud, are already there or plan to increase their investment in cloud technology in 2021. In order to support forward-thinking organisations looking to optimise their investment in cloud contact centre solutions, Calabrio has made two significant appointments.

Niall Gallacher has joined Calabrio as Business Intelligence (BI) strategic consultant and will be instrumental in the design of services that drive value from data and analytics, helping Calabrio customers to solve complex business problems. Before joining Calabrio, Niall spent 6 years with Qlik as Industry Solutions Director. He has 25 years of experience in data, analytics and BI, 15 of which have been with contact centres for leading companies in telecommunications, energy and high-tech industries.

Graeme Gabriel joins as a presales engineer, supporting Calabrio’s workforce engagement suite. He will work with customers to ensure that they achieve maximum benefit from their use of Calabrio solutions, no matter the remote, on-site or hybrid environment. Graeme has international experience encompassing telephony, contact centre, WFM, analytics and customer experience (CX) across a range of sectors, and has held consultancy, advocacy and planning positions at companies including Injixo, Vluent, QPC and AVIOS.

McKenzie concluded, “We welcome both Niall and Graeme to Calabrio, during what has been an incredible year of growth for Calabrio as we supported our customers through these challenging times. This is an exciting and dynamic time for Calabrio as we continue to deliver the value of our all-in-one cloud contact centre suite, including call recording, quality management (QM), WFM, speech analytics and business intelligence suitable for organisations of all shapes and sizes.”

[i] TechValidate survey of 192 users of Calabrio.  Published 29 December 2020.

 

This is a Sponsored Feature.

Continue Reading

Business

Thomson Reuters fourth-quarter revenue, adjusted earnings rise

Published

on

Thomson Reuters fourth-quarter revenue, adjusted earnings rise 2

NEW YORK (Reuters) – Thomson Reuters Corp reported higher fourth-quarter revenue on Tuesday and said it would start a two-year program that will change it from a holding company to an operating company.

The news and information company, which owns Reuters News, said revenues rose 2% to $1.62 billion, while its operating profit jumped more than 300% to $956 million, reflecting the sale of an investment, a gain from an amendment to pension plan and lower costs.

Its three main divisions, Legal Professionals, Tax & Accounting Professionals and Corporates, all showed higher organic quarterly sales and adjusted profit.

It was not immediately clear if adjusted earnings per share of 54 cents were directly comparable to the 46 cents expected.

Thomson Reuters’ markets are healthy and evolving, making this a good time to transition the company from a content provider to a “content-driven technology company,” Chief Executive Steve Hasker said in a statement.

Workplaces have been transformed by the COVID-19 pandemic and artificial intelligence has a larger role in professional markets, he said.

(Writing by Nick Zieminski in New York, editing by Louise Heavens and Jane Merriman)

Continue Reading

Business

Tesla shares set to skid into the red for the year

Published

on

Tesla shares set to skid into the red for the year 3

LONDON (Reuters) – Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff of high-flying technology stocks and the fall of bitcoin, in which the electric carmaker recently invested $1.5 billion.

By 1029 GMT, Tesla was down over 8% in U.S. premarket deals after a similar drop during the previous session. The firm led by Elon Musk has had a stellar ride since 2020, which it began at about $85 per share, before reaching the $900 mark on January 25.

Currently trading at about $657 in pre market transactions, the stock has lost 27% from its peak, which is above the 20% level which technically defines a bear market.

Bitcoin has also swung into a bear market, falling from a peak of $58,354 on February 21 to a low of $45,000 earlier on Tuesday.

A Germany-based trader said he was “taking chips off the table” on Tesla as its 1.5 billion investment in the cryptocurrency could “backfire now”.

Analysts at Barclays noted that there has been a drop of conversations about the electric car makers in the Reddit’s WallStreetBets forum, which could explain some of the loss of appetite for the stock.

“With only 2-3 total submissions on each of the past several days, we remain below the trend in attention that has come along with big returns jumps in the past”, the analysts said in note.

Other analysts have also cautioned against investing in the stock which remains one of the most expensive on the S&P 500 index at 163 times its 12 month forward earnings.

Graphic: Tesla shares selloff after multi-fold gains

Tesla shares set to skid into the red for the year 4

(Reporting by Julien Ponthus and Thyagaraju Adinarayan)

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Articles

Oil holds near year-long highs as COVID lockdowns seen easing 5 Oil holds near year-long highs as COVID lockdowns seen easing 6
Investing11 mins ago

Oil holds near year-long highs as COVID lockdowns seen easing

By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices were steady on Tuesday, trading close to more than year-long highs on...

gbaf1news gbaf1news
Technology12 mins ago

Thomson Reuters to stress AI, machine learning in a post-pandemic world

By Kenneth Li and Nick Zieminski NEW YORK (Reuters) – Thomson Reuters Corp will streamline technology, close offices and rely...

Dollar mixed after Powell, pound hits three-year high 7 Dollar mixed after Powell, pound hits three-year high 8
Trading12 mins ago

Dollar mixed after Powell, pound hits three-year high

By Kate Duguid NEW YORK (Reuters) – The dollar reversed earlier gains on Tuesday morning after a dovish speech from...

Tesla shares in the red for 2021 as bitcoin selloff weighs 9 Tesla shares in the red for 2021 as bitcoin selloff weighs 10
Investing12 mins ago

Tesla shares in the red for 2021 as bitcoin selloff weighs

By Julien Ponthus LONDON (Reuters) – Shares in Tesla were set to plunge into the red for the year on...

Facebook 'refriends' Australia after changes to media laws 11 Facebook 'refriends' Australia after changes to media laws 12
Top Stories52 mins ago

Facebook ‘refriends’ Australia after changes to media laws

By Byron Kaye and Colin Packham CANBERRA (Reuters) – Facebook will restore Australian news pages, ending an unprecedented week-long blackout...

How cloud technology can help you keep on top of your business finances How cloud technology can help you keep on top of your business finances
Business1 hour ago

Calabrio charts record year-on-year UK growth as demand for cloud technology soars during lockdown

Digital transformation acceleration drives cloud contact centre adoption of Calabrio workforce engagement management technology Calabrio, the workforce engagement management (WEM)...

Gastric Electric Stimulators Market Size Worth US$ 188.4 Mn by 2026 – Future Market Insights 13 Gastric Electric Stimulators Market Size Worth US$ 188.4 Mn by 2026 – Future Market Insights 14
Research Reports3 hours ago

Gastric Electric Stimulators Market Size Worth US$ 188.4 Mn by 2026 – Future Market Insights

The worldwide uptake of gastric electric stimulators is anticipated to witness hefty demand in 2019, representing a rigorous 6.6% y-o-y...

High Preference for Combination Tattoo Removal Lasers, Patients Seek Economic Price & Limited Sessions 15 High Preference for Combination Tattoo Removal Lasers, Patients Seek Economic Price & Limited Sessions 16
Research Reports3 hours ago

High Preference for Combination Tattoo Removal Lasers, Patients Seek Economic Price & Limited Sessions

According to the latest research by Future Market Insights (FMI), the tattoo removal lasers market closed in on US$ 179 million in...

Global Demand for Weight Loss & Obesity Management Receiving Strong Impetus from Spectacular Expansion of Medical Tourism Sector across Asia 17 Global Demand for Weight Loss & Obesity Management Receiving Strong Impetus from Spectacular Expansion of Medical Tourism Sector across Asia 18
Research Reports3 hours ago

Global Demand for Weight Loss & Obesity Management Receiving Strong Impetus from Spectacular Expansion of Medical Tourism Sector across Asia

The growth of weight loss and obesity management market is attributed to the rising epidemic of obesity across the globe....

FMI’s Study on Benign Prostatic Hyperplasia Prostate Treatment Market: Least Invasive Alternatives in Trend 19 FMI’s Study on Benign Prostatic Hyperplasia Prostate Treatment Market: Least Invasive Alternatives in Trend 20
Research Reports3 hours ago

FMI’s Study on Benign Prostatic Hyperplasia Prostate Treatment Market: Least Invasive Alternatives in Trend

The approximately US$ 25 Bn market for benign prostatic hyperplasia prostate treatment is likely to expand at 4.6% CAGR during...

Newsletters with Secrets & Analysis. Subscribe Now