Connect with us

Business & Technology

UK online retail spending rises 10.5% in March

Published

on


UK online retail spending rose 10.5% year on year in March as overall retail sales remained firm, according to figures cited by Parcelhero.

The delivery and retail analysis company said online sales values rose 2.4% from February, while total retail sales volumes increased 0.7% month on month. Over the first quarter, retail sales volumes were up 1.6% from the previous quarter.

The figures suggest a resilient consumer market at a time when there were concerns conflict involving Iran could weigh on household confidence and demand. The latest Office for National Statistics retail sales bulletin showed spending held up better than expected.

Some store-based categories also performed well. Textile, clothing and footwear retailers recorded a 1.2% rise in sales volumes as spring ranges reached shops.

David Jinks, head of consumer research at Parcelhero, said some of March’s strength was driven by fuel buying rather than broader discretionary spending.

“While there were understandable concerns that the Iran conflict, which started at the end of February, would impact consumer spending, ironically it helped drive up March’s result due to people stockpiling petrol. With automotive fuel sales stripped from the figures, March’s sales volumes were actually only 0.2% up overall.”

“What is in no doubt is that eCommerce did well. In terms of sales volumes, non-store retailers, the ONS category that is predominantly online sellers, reported volumes up 1.4% in March and 3.7% in Q1. March non-store sales volumes reached their highest level since February 2022.”

“The most spectacular results of all were for eCommerce sales values, the amount spent online. Online sales values rose by 2.4% in March over February and by 10.5% year on year, comparing March 2026 with March 2025.”

“Of course, monthly retail figures are notoriously volatile, which is why the ONS is increasingly concentrating on three-month figures. Q1 online sales values rose 2.5% compared with the previous quarter and, saving the best figures till last, 11.7% year on year against Q1 2025.”

“We’ll end with a snapshot of retail’s overall health. Total spend, the sum of in-store and online sales, rose 1.8% in March and online sales claimed 28.7% of the entire retail market. It will be fascinating to see if this surprisingly strong set of retail results holds up in April as the Iran conflict drags on.”

“Ultimately, however fickle or strong key retail periods of the year prove to be, stores with both a High Street and online offering are the most protected against unexpected events. Parcelhero’s new report, ‘2030: The High Street Fights Back?’, has just been launched as the sequel to its 2016 publication, ‘2030: The Death of the High Street’. The update examines the impact of eCommerce and events such as the pandemic on the High Street. It concludes that the High Street may not have reached a dead end by 2030 but, in this new age of retail, it will have arrived at its biggest crossroads,” Jinks said.

Online share

Beyond the monthly rise, the quarterly numbers suggest internet shopping continued to take a larger share of household spending. Online sales accounted for 28.7% of the total retail market in March.

That matters for retailers balancing store estates with digital operations. The data suggests consumers continued to direct a substantial share of spending online even as physical categories such as clothing improved.

The non-store category, used by the ONS to capture predominantly online sellers, reported sales volumes up 1.4% in March and 3.7% across the first quarter. March marked the highest level for non-store sales volumes since February 2022.

Mixed picture

The broader retail picture was less dramatic once fuel was excluded. Underlying sales volumes would have shown only a 0.2% monthly rise without the boost from automotive fuel purchases.

That highlights the tension within the numbers. Headline retail growth remained positive, but part of the increase appears to have come from precautionary buying linked to geopolitical uncertainty rather than a broad-based surge in discretionary consumer demand.

Even so, online spending values outpaced the rest of the market. First-quarter online sales values rose 2.5% from the previous quarter and were 11.7% higher than the same period a year earlier.

The contrast between sales values and sales volumes is also notable. Higher values can reflect consumers buying more items, spending more per purchase, or changes in product mix, while volume figures track the amount bought more directly.

For retailers, the data suggests digital channels remained a source of growth during a period of external uncertainty. It also underlines the uneven nature of consumer spending, with some sectors benefiting from seasonal demand and others from short-term reactions to international events.

March’s results combined several themes at once: a resilient headline retail market, a stronger showing for online spending, and a more modest underlying picture once fuel effects are removed. Online sales claimed 28.7% of the retail market.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business & Technology

Bicester Village Itsu free sushi giveaway for World Day

Published

on



The restaurant is offering the first 30 customers who arrive wearing something pink the chance to claim a complimentary tuna and salmon sushi box, usually priced from £6.49.

The box includes line-caught yellowfin tuna nigiri, omega-3 rich sashimi-grade Atlantic salmon nigiri, plus wasabi, pickled ginger and soy sauce.

READ MORE: Royal Mail slammed for ‘useless’ service in Oxfordshire town

Siobhan Connolly, head of food, said the giveaway aims to build on last year’s celebrations, which saw more than 40,000 customers visit.

She said: “We’ve got sushi on the brain every day, so naturally we wanted to celebrate World Sushi Day in a way our customers would love.

itsu prepares thousands of sushi rolls daily using fresh ingredients delivered each morning.





Source link

Continue Reading

Business & Technology

Access PaySuite buys Ordo Open Banking infrastructure

Published

on



KAREN JOY BACUDO

Finance Editor

Access PaySuite has agreed to acquire Ordo’s Open Banking infrastructure, giving the payments arm of The Access Group ownership of its Open Banking payment rail.

The acquisition adds Open Banking to Access PaySuite’s existing card and Direct Debit services and gives it direct control of the payment acceptance layer across all three methods. Open Banking will be embedded across its platforms as a native feature, rather than offered through a third-party arrangement.

The move comes as Pay by Bank use continues to grow in the UK. Open Banking Limited said the system processed 351 million payments in 2025, up 57% year on year, with more than 16.5 million active users.

Access PaySuite said owning the infrastructure will allow it to combine payment initiation with real-time account data. It is positioning that combination as a way to expand beyond transaction processing into services tied to collections, affordability checks and financial support.

Broader use

In arrears management, live financial data can help housing associations identify hardship earlier, adjust recovery approaches and offer repayment plans during contact with tenants or customers. For affordability assessments, verified account data can replace self-reported figures at the point of application.

The same framework could also support hardship planning by enabling earlier intervention before accounts worsen. In each case, the model relies on linking payment activity with account information at the point a decision is made.

The transaction also paves the way for Variable Recurring Payments (VRP), a real-time alternative to Direct Debit. Access PaySuite said the method gives payers greater control over authorisation while allowing merchants and service providers to collect funds more quickly and with more flexibility.

Control of the infrastructure is also likely to have operational effects within the payments business. The rail can reduce acceptance costs, shorten settlement times and provide more detailed reconciliation data.

These changes matter because many software providers in payments still depend on external partners for parts of Open Banking connectivity. By bringing the infrastructure in-house, Access PaySuite is seeking tighter integration between payment collection and its customers’ software systems.

Regulatory step

The acquisition also sits alongside Access PaySuite’s pursuit of Financial Conduct Authority permissions for Payment Initiation Services and Account Information Services. Those permissions would allow it to provide regulated Open Banking functions directly rather than through another licensed provider.

“This acquisition isn’t about adding a payment method. It’s about what we build with it. We’re embedding Open Banking natively across our platforms, and the bigger opportunity is blending payments with financial intelligence to tackle genuinely hard problems. That’s where payments stop being a utility and start driving real outcomes – more revenue recovered, lower cost to serve, and better financial lives for the people on the other end of every transaction,” said Giulio Montemagno, Managing Director, Access PaySuite.

“Underpinning this is Access PaySuite’s pursuit of FCA permissions for Payment Initiation and Account Information Services. These are not just regulatory milestones, but what makes the next generation of outcomes possible. Together, they open an entirely new class of solution: intelligence embedded directly at the point of need. The UK’s National Payments Vision puts Open Banking at the centre of how payments should evolve. Access PaySuite intends to be at the front of that wave.”

Access PaySuite is the payments division of The Access Group. This business software provider says it serves more than 160,000 small and mid-sized organisations across Europe, the US and Asia-Pacific. The group’s software is used in both commercial and non-profit sectors, giving the payments arm a large installed base into which Open Banking services can be introduced.

For the wider market, the deal reflects a continuing shift in Open Banking from a standalone payment option to a component within sector-specific software. Rather than competing only on checkout conversion, providers are increasingly using bank payment tools and account data to support credit decisions, debt collection and customer support processes.

The trend is particularly visible in sectors where recurring payments, arrears and affordability checks are closely linked, including housing, utilities and other service-heavy industries. Access PaySuite said the combination of payment initiation and account information can be used directly at the point where a customer needs to pay, seek support or be assessed for repayment terms.

Open Banking will sit alongside cards and Direct Debit within a single platform.



Source link

Continue Reading

Business & Technology

Topia partners Certino on expat payroll in 90 countries

Published

on



KAREN JOY BACUDO

Finance Editor

Topia has partnered with Certino to integrate expatriate payroll calculations into its Topia Horizon platform, covering payroll instruction outputs in more than 90 countries.

The partnership brings Certino’s gross-up and shadow payroll calculations into Topia’s mobility workflow, aiming to replace the spreadsheet-based processes and disconnected systems many employers still use to manage internationally mobile staff.

Many multinational employers handle cross-border compensation through a mix of internal spreadsheets, external providers and manual calculations. As international hiring grows and regulatory scrutiny increases, payroll, tax and mobility teams are left managing fragmented processes.

Under the arrangement, organisations using Topia Horizon will be able to access payroll-ready calculations within the same system they use to manage employee mobility. The integrated workflow is designed to help employers pay mobile employees accurately while managing tax and compliance obligations across jurisdictions.

Manual burden

Expatriate payroll has long been one of the most complex parts of global mobility because employees can trigger tax, social security and payroll requirements in more than one country. Gross-up calculations, which employers use to offset tax burdens for staff on assignment, and shadow payroll processes, which track tax liabilities in host locations, often require multiple handovers between HR, payroll and tax specialists.

Topia said its Horizon platform already automates risk assessments linked to tax, immigration, social security and permanent establishment before employee trips and remote work requests. The Certino integration extends that process into payroll execution by linking mobility decisions with payroll calculations.

The new service is aimed at both large employers managing cross-border workers directly and mobility service providers running international compensation programmes for clients. Payroll instruction outputs are supported across all countries covered by the arrangement.

David Walters, Chief Executive Officer, Topia, said the partnership is intended to address a longstanding operational gap.

“International talent mobility has become a strategic priority but the operational processes underpinning it have not kept pace. Too many organisations are still managing critical payroll and tax calculations through manual processes that create unnecessary risk and cost. Topia Horizon’s intelligence closes that gap, surfaces risk, generates policy-linked cost simulations, and now connects directly to payroll-ready calculations through Certino. Partnering with Certino means organisations can run a more accurate, connected and scalable global compensation operation,” Walters said.

Compliance focus

The announcement reflects wider pressure on employers to tighten oversight of international employment arrangements. As companies hire across borders and allow more staff to work remotely or travel for work, payroll teams increasingly need to track where income is earned, where tax is due and how local payroll reporting should be handled.

Errors in those calculations can create financial and compliance risks for both employers and employees. As a result, expatriate payroll remains a persistent challenge for companies with international workforces, particularly when payroll data is kept separate from mobility and tax systems.

Certino focuses on tax calculation and shadow payroll for global mobility programmes. Its systems are used by multinational employers as well as by accountancy, payroll, and relocation partners that handle assignment-related compensation.

Tom Lockyer, Chief Executive Officer at Certino, said the work has traditionally required significant manual input.

“Gross-up calculations and shadow payroll obligations have always required significant manual effort and multiple handoffs. The consequences of getting them wrong are serious. Certino was built to standardise and automate these calculations, delivering consistent, payroll-ready outcomes at scale. Embedding that capability inside Topia Horizon brings specialist expatriate tax calculation directly into the operational workflow, enabling global mobility teams to execute with greater control, transparency and confidence,” Lockyer said.



Source link

Continue Reading

Trending