This is a trade facing website. Visit the ACT's consumer site thecyclingexperts.co.uk for information and advice on cycling and find your local independent cycle retailer.

Search News

Results: 31-40 of 950


30 Oct 2024

ACT parent company Bira is working with UK Finance and other organisations who form the UK’s wholesale cash industry to gain vital information to ensure businesses get the best possible...

29 Oct 2024

Eighteen organisations, including Cycling UK, Greenpeace, The Centre for Mental Health, and The Association of Directors of Public Health, have urged the Chancellor to allocate 10% of the...

25 Oct 2024

ACT members were in attendance at the hugely successful Bira Conference in London last week, featuring an inspiring line-up of speakers providing valuable insights from independent retail...

24 Oct 2024

Peloton Interactive has strategically launched a rental programme, broadening its market appeal. Traditionally, Peloton’s offerings have been positioned as premium, high-investment...

22 Oct 2024

UK cycling manufacturer Whyte Bikes has announced the closure of its three cycling experience hubs following a major shift in the company’s strategy, which includes supporting independent...

15 Oct 2024

The ACT is launching a campaign to ensure fair and accurate reporting of e-bike-related news while promoting the positive aspects of e-bike usage.

11 Oct 2024

ACT parent company Bira has responded to the BRC-KPMG Retail Sales Monitor for September 2024

10 Oct 2024

Cycle to Work scheme provider Gogeta has reported a significant increase in the number of employers signing up to its scheme.

9 Oct 2024

A UK cycling charity focused on recycling unused bikes and providing them to disadvantaged people has set up a fundraiser to help tackle significant increases in its costs.

9 Oct 2024

Long-standing independent bike shop Cyclesense has revealed a complete rebrand as it seeks to reflect its evolution from a local shop to a nationally recognised cycling retailer.

Back to news menu

Three quarters of British shoppers would ban paper receipts on eco grounds, new data shows

Posted on in Business News , Cycles News

Yocuda, the leading digital receipt platform, has found that 77% of shoppers in the UK would be more likely to switch to digital receipts if they knew how many trees were cut down to produce the paper versions (an astonishing 200,000 trees are cut down annually just for receipts in the UK).

Paper receipts

For younger generations, the demand for change is even louder – 87% of 18-25-year-olds would opt for digital receipts in an effort to reduce the environmental impact of paper ones.

Yocuda’s data reveals that 96% of shoppers believe using digital receipts will contribute to reducing environmental harm. 85% expect a reduction in paper receipts in the next five years whilst only 6% think it will stay the same. In fact, 57% of UK consumers expressed a desire for more retailers to offer digital receipts instead of paper ones.

Sustainability policies are now also key to shoppers, with nearly 7 in 10 shoppers (69%) saying a retailer’s sustainability policy influences their decision to shop with them, with this figure jumping to 85% for the younger generation (18-25).

Commenting on the sustainability impact, Edward Drax, CEO of Yocuda said:

"The data makes it clear – UK shoppers are ready to ditch paper receipts in favour of a digital solution that’s better for both the environment and their own convenience. What was once seen as a small, mundane part of the shopping experience – receiving a paper receipt – is now being scrutinised for its environmental impact and inefficiency.

"With 200,000 trees cut down each year to produce paper receipts in the UK alone, it’s no wonder that so many shoppers, particularly from the younger generations, are calling for change. Younger generations, having grown up in an era of climate consciousness, are setting the standard for what they expect from retailers. Their shopping habits are increasingly aligned with their values, and they want to see businesses they support taking actionable steps to reduce environmental harm".

Beyond the sustainability benefits, digital receipts are also proving to be a practical solution for today’s consumers. With 75% of shoppers admitting to having thrown away a paper receipt they intended to keep and 66% admitting to losing a paper receipt they needed for a return or exchange, the frustrations of managing physical copies are clear. Gen Z shoppers are the worst offenders, with 3 in 4 admitting they regularly misplace paper receipts.

It’s no surprise then that 72% of shoppers requested a digital receipt when it was offered, showing that this convenient and eco-friendly option is a popular choice. The days of rummaging through wallets and shopping bags for crumpled receipts may soon be over, as 60% of shoppers find it wasteful for companies to print receipts automatically.

UK consumers are increasingly on the lookout for a more personalised touch from retailers, with 64% expecting personalised offers based on their shopping history – a 10% increase from 2023 data.

Digital receipts gather an unparalleled level of in-store purchase behaviour data on customers. In addition, they provide retailers with the perfect communication channel to display personalised offers and to deliver effective post-purchase engagement strategies.  With an average open rate of 75% (as seen among Yocuda’s clients), there is a real opportunity to increase customer loyalty.

Back to news menu

Useful links

If you have any other queries please contact us.