June 2021 NEWS
Retail sales have been given a lift as the UEFA EURO 2020 tournament got underway this month, however spikes in demand – especially across electricals – is translating into poor online inventory availability. This is according to OneStock, the Order
Management System (OMS) provider for omnichannel retail. It said the international tournament, which was delayed by 12 months due to the pandemic, is expected to prompt a £1 billion boost to the UK economy as Brits celebrate the football matches with new TVs – as well as food and drink.
8
detailed description of how it operates, together with supporting evidence of how it fulfils award criteria. Applications are open to projects and products at all stages of development, including design and concept. This year’s shortlisted applicants will be notified
Electrical Safety First’s Safety Innovation Award returns
Electrical Safety First has opened applications for its Safety Innovation Award, and the closing date for entries is 28 August 2021. The winner will be selected by the audience at the
charity’s annual Product Safety Conference, on 24 and 25 November 2021, taking place online across both days.
The Safety Innovation Award – which is now in its
fourth year – recognises those who put safety at the heart of product development, while encouraging sustainability and innovation. ESF is inviting applications from businesses of all
sizes – as well as individuals – that have developed an innovative product or project which enhances consumer electrical safety. Entrants must include a
in September, with selected finalists presenting to judges in October. The top two finalists will go head-to-head at the Product Safety Conference in November. “At Electrical Safety First, safety is the core of
everything we do,” said Martyn Allen, Technical Director at Electrical Safety First. “Our Safety Innovation Award reflects this and encourages other like-minded organisations that prioritise safety. “In a time of uncertainty and rapid technological
change, there is huge opportunity for innovation and creativity in product safety to thrive. This award is all about acknowledging those individuals and companies who stand out as safety champions.”
With pubs restricting indoor activities slightly,
electrical retailers were feeling the strain of demand as footie fans invested in new TVs and audio equipment to tune in and watch games at home. Analysis of over 1.85 million SKUs across the UK’s leading electrical retailers by OneStock’s Inventory Availability Index showed that unavailable online inventory made up over a fifth of electrical retailers’ ranging in the week ending 21 June, meaning many maybe missing out on sales opportunities, just at the time consumers are ready and wanting to buy.
ertonline.co.uk
EURO 2020 boosts retail revenues, but demand for goods prompts out-of-stocks to rise
Romulus Grigoras, Founder and CEO at
OneStock, commented: “It might be a case of ‘football coming home’, but sadly the same can’t be said for UK shoppers’ online orders, as available stock levels – especially among electrical retailers – have seen a dip with the rising levels of demand prompted by the EUROs. This negatively impacts the customer experience and our research shows nearly three quarters of shoppers are less likely to buy again from a retailer if they experienced product unavailability.”
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
