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Retailers brace for £360m of Christmas returns UK fashion retailers are facing £360m of Christmas 2020 clothing and footwear returns, new research exclusive to Drapers shows. Exclusive A report commissioned by research consultancy Retail Economics and law firm Penningtons Manches Cooper, revealed consumers return about 17% of the value of their online clothing and footwear purchases. This equates to around £2bn of returns on ecommerce sales of £11.4bn across the whole of 2020. This compares to a returns rate of less than 12% for store purchases of £20.2bn in 2020. It means retailers have dealt with £4.3bn of returns across 2020 as a whole. These figures were used to generate data on the proportion of Christmas gifting related to clothing and footwear, average transaction values, and a combination of other Retail Economics proprietary data on the size of the sector, to derive the estimate of £360m in Christmas returns. ....
The winners have been announced for the 2020North Hampshire, Inspire Business Awards. After an unfortunate false start on Thursday due to technical issues, the awards went ahead on Friday, December 4. Despite this year s event going online, all 36 finalists were able to get into the celebratory spirit after receiving a hamper in advance of the proceedings. Twelve category winners were announced, and this culminated in the revealing of the judges’ award to the Winner of Winners, DCSL Software based in Farnborough. He said: “I am delighted that DCSL Software has won. Our team has worked especially hard this year on our innovative solution called Waterloo, helping our developers to build high quality bespoke software applications quickly, efficiently and to a high quality, benefiting our clients and giving us a competitive edge. We were proud to finally showcase it this year to the judges, and I am grateful that our efforts have been duly recognised. To ....