Consumer news and archive

Luxury’s pricing plateau: Why shoppers are turning away from the big names

For years, the luxury sector has defied economic gravity, ratcheting up prices season after season as status-conscious consumers eagerly pursued the logo-laden dream. But now, with Chanel flap bags surpassing the 11,000 euro threshold and Bottega Veneta’s once-2,450 euro Cabat bag now listed at 6,800 euros, according to Collector Square, the...

Retail

Influenster reveals Instagram as the most used app among UK consumers

Instagram is the most popular social media platform among UK consumers, new data from Influenster has revealed. Nearly 46 percent selected it as the app they have consumed the most content with during Covid-19.. The data collected by the Bazaarvoice company, also revealed a shift in consumer behaviour, with 82 percent of consumers increasing...

Retail

Shift to online shopping continues as consumer mobility remains low

UK consumer behaviour has shifted due to the global pandemic as mobility remains well below pre-lockdown levels at an average of 63 percent, new data reveals. This has only fast-forwarded the already growing shift to online shopping. According to data from CACI, 25 percent of consumers intend to only shop online for clothing compared to 7...

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Retail|OPINION

Will you still have a store to open tomorrow?

It doesn’t take much observation to notice that a radical change is raging through our current retail landscape. A change that is not only affecting retail, but the consumer industry as a whole. The hospitality business, the food and service industry, travel, financial services, energy, entertainment, fashion, the leisure industry and any other...

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Business|REPORT

6 new consumer mentalities changing the retail industry

”There's no such thing as an online retailer or offline retailer anymore. Everyone should become both.” Pernille Kok-Jensen, Trend Director at Dutch qualitative research agency Mare, shared her predictions on the future of retail during the 2018 edition of the Amsterdam-based trade show, Modefabriek. Kicking off the eye-opening talk, the Trend...

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Retail

M&S launches new loyalty programme

London - Sparks will soon be flying at Marks's, as Marks & Spencer reintroduces a new loyalty programme called Sparks. M&S will debut a new loyalty card to woo back customers, by rewarding them with early access to online sales and daily prize draws. Launching nationwide on October 22, the club plans to reward customers for not just how much...

Retail|REPORT

Modern shopping trips can last up to four hours

UK consumers can spend up to four hours, or 247 minutes browsing, researching, and purchasing during a single shopping trip. According to the newest report from Hammerson, retail property specialist, and Conlumino, retail consultant, nearly 40 percent of the four hour shopping trip is actually spent in store. Entitled ’Shopper Tribes,’ the...

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Retail

Personalised online shopping preferences vary for UK & US

AgilOne, a predictive creative cloud, has completed a survey of marketing personalisation preferences for shoppers in different territories. The company surveyed more than 3,000 adult consumers in the US and UK on their shopping personalization preferences using retail research agency Conlumino. Everyday marketers are searching for new ways to...

Design

Europeans are shopping again

Europe is shopping again, again to the European Commission's latest index. Consumer confidence is at its highest in almost three years and 2014 seems to be a buoyant year for recovery for many retailers and fashion businesses. Eurozone economic sentiment rose for an 11th month running in March to a 32-month high, sparking hopes that the...

Fashion

Consumers’ expenditure increase don’t reach economy

New data just revealed how consumers are increasing their spending in eating out, seeing movies, and shopping at local malls. However, the general economy isn't seeing huge improvements in the United States. That, according to new data out from Gallup, which finds that although consumers are spending money, those spending totals year to year are...

Fashion

Consumer spending patterns change

Recent research has shown a shift in consumer spending over the past 12 months.R3, the trade body for insolvency professionals, noted in a new survey that over half of shoppers (51%) are now buying less non essential goods, such as clothes, whilst 47% said that they now shop around more before making a final purchase decision. Notably, a third...

Fashion

Today’s consumer dictates

A new kind of consumer has been born and the UK high street needs to be ready for the transition with a vigorous plan B. Over the next five years retailers are going to have to completely overhaul their philosophy or risk alienating their consumer base or, at worst, face financial ruin. Don Williams, Head of Retail at BDO LLP, explains it this...