Verdict news and archive

Black Friday 2016 to be the biggest yet - but will it deliver on all its promises?

London - Black Friday - the day which usually comes after Thanksgiving in the United States and sees retailers kick-off their promotional offers in the run up to Christmas - is either a hated or beloved event. As awareness for the borrowed shopping event continues to grow, conflicting reports concerning the big day emerge from retail research...

Featured

Retail

New report reveals true value of physical stores

British Land, Europe's largest publicly listed real estate company, in partnership with research firm Verdict Retail have published a report on shopping habits, finding 89 percent of all UK retail sales touch a physical store. This means online sales are by no means replacing bricks and mortar just yet. The findings, called the True Value of...

Featured

Retail

Pick up Drop off channel to increase 193 percent by 2019

With the increasing demand for Click & Collect services throughout the UK, another delivery channel has been earmarked for growth to satisfy the consumers ever evolving shopping habits and needs. The value of the Pick up Drop Off (PUDO) channel is set to grow by 193 percent between 2014 and 2019, according to the latest report from Verdict. This...

Design

UK department store market records growth

The UK department market has recorded a 21.4 percent growth despite shopper abandonment, according to a report by retail analysts Verdict. The report states that competition from sector specialists and online retailers has made the retail market challenging for department stores, with the search for lower prices driving shoppers to switch. This...

Design

15-24 year olds will spend 5.7 billion pounds online in 2014

New research by Verdict has shown that young shoppers aged 15-24 yearsold will spend 5.7 billion pounds online in 2014. The study warns that retailers need to rethink how they address young shoppers, who are far more likely to engage with social media and mobile devices to get a slice of the spending. With online retailing being worth 39 billion...

Design

John Lewis scores tenth win as UK's Best Retailer

British department store chain John Lewis has shown that they are the best at keeping their customers happy, as the department store was named best retailer for customer satisfaction for the tenth time at the Verdict Customer Satisfaction Awards. Over 5,800 customers participated in the survey carried out by retail specialist Verdict Retail,...

Design

Retail growth at global airports to grow 72.9 percent by 2019

The global airport retail market is gearing up to hit 59.2 billion dollars (35.4 billion pounds) in 2019, which is a rise of 72.9 percent compared to 2013 according to research from Carly Syme, Senior Analyst at Verdict. The research predicts that the growth will be mainly boosted by a “stronger passenger growth,” with a 27.4 percent rise...

Fashion

Menswear to grow 22 percent in next five years

A new report from retail market group Verdict Retail shows UK clothing and footwear is to grow 16.5 percent over the next five years. The report said menswear was the highest growing market, with sales expected to grow 22 percent as men are becoming increasingly more interested in fashion. Retail growth to double Retail growth will double from...

Design

Retailers to brace themselves for busiest weekend of the year

Verdict warns retailers to brace themselves for what is posed to be one of the busiest weekends of the year, with a 20 percent rise in the spend estimated in the UK alone. Data released by the retail analysis firm highlight that, with Christmas Eve falling on a Tuesday this year, retailers should prepare themselves for an extremely busy weekend...

Fashion

Why UK retailers should invest in faster websites

“There is significant revenue to be recovered by making sites work faster. In some cases this amount could be enough to open a brand new store,” stated Hedley Aylott, CEO of Summit, e-commerce specialists in a new report which researched the speed of UK retail websites. According to Summit, websites that are too slow to load pages cost the...

Fashion

UK value clothing sector to see slow growth

The UK is to see a slowdown in the growth of value clothing expenditure, as household disposable income will shrink, according to a new report by Verdict Research. Key retailers, such as Primark, Sainsbury's and H&M are increasing their store presence and improving ranges encouraging consumers to spend despite tight purse strings. For the first...

Fashion

Retailers overlooking power of social media

New research shows that many retailers are overlooking the potential of transforming their online stores through the integration of social media. Retail analysts, Verdict, in this report, suggested that many retailers see e-commerce and social media as separate forces and are missing the rewards that could come about by integrating the two....