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18 Dec 2024

Director of the ACT Jonathan Harrison has praised the "resilience and adaptability" of the ACT and its members in an end of year message.

17 Dec 2024

UK bicycle retailers are set to benefit from a groundbreaking partnership between the ACT and Bikmo Cycle Insurance, offering a new revenue stream and competitive edge in the increasingly...

16 Dec 2024

Transport for London (TfL) has launched a new policy aimed at tackling the issue of irresponsible dockless e-bike and e-scooter parking across designated areas of London.

13 Dec 2024

The Government has published new statutory guidelines to help businesses produce and distribute safe e-bike batteries and reduce the risk of unsafe products being sold online or as part of a...

5 Dec 2024

A former British cyclist, a host of CEOs and industry leaders are sharing their thoughts on the future of the cycling industry as part of a revealing new series launched by the Ride to Success...

4 Dec 2024

As credit card fraud becomes increasingly sophisticated, taking these steps could help you stay ahead of the fraudsters…

29 Nov 2024

Scottish independent retailers, including those in the cycling sector, are urging the Scottish Government to provide crucial business rates relief in its upcoming budget, as the disparity in...

28 Nov 2024

Independent retailers back call for local leadership and simplified funding.

26 Nov 2024

Seven in ten cycle retailers across the UK will boycott this year's Black Friday sales event, according to a survey of the bicycle trade by the ACT.

21 Nov 2024

A local cycling club is raising money and seeking donations and assistance in order to teach bike maintenance to young people through a series of workshops in 2025.

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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.

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