Verdict Retail news and archive

UK consumers expect prices to rise in next six months

More than half of UK consumers expect prices to rise in the next six months, according to new research from Verdict Retail. In a poll of 2,000 consumers, Verdict Retail found that the future consumer sentiment index has dropped again, falling 6.6 percent to -32.9 with regards to perceptions of the economy, personal finances, and future retail...

Retail

Halloween retail spending to reach 472 million pounds

Halloween has hit the UK with consumers set to spend 472 million pounds this year, according to research from Verdict Retail. The data reveals that last Halloween, 11.2 percent of consumers carved a pumpkin, 6.8 percent took the kids trick or treating and 5.7 percent decorated the inside of the home. This all attributed to a rise in growth in...

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Business

Consumer confidence dips as fear of increasing prices grows

UK consumer confidence in the economy, personal finances and future spend has seen a sharp decline this month according to Verdict Retail’s Consumer Confidence tracker, dropping 6.2 points to minus 26.3 points from August to September. As consumers worries over the fall out of the Brexit continue to surge amid a falling pound, more and more...

Featured

Fashion

Consumers prefer see-now-buy-now collections

Consumers shopping habits are changing, according to retail research agency Verdict’s latest clothing survey, which reveals that British shoppers are demanding items they can see now, buy now and wear now. According to Verdict’s survey, 85.6 percent of UK clothing shoppers said that they like to buy clothing that they can wear straight away for...

Featured

Retail

Menswear will “spearhead” growth in clothing market

The UK value clothing market will grow by 3.2 billion pounds in the five years to 2021, equating to 23.6 percent growth on 2016, with menswear expected to “spearhead” the growth and outperform womenswear, according to a new report by retail research and analysis firm Verdict Retail. The UK Value Clothing Market 2016-2021 report reveals that...

Retail

John Lewis is the big winner at Verdict Retail 2016 Awards

John Lewis came out as the big winner of Verdict Retail 2016 Customer Satisfaction Awards, sweeping six awards across a variety of categories including best clothing retailer and best in-store experience. The British department store group surpassed the likes of Asos and Adidas during the award ceremony, held last night at the Millennium...

Fashion

Over half of UK consumers purchased activewear in 2015

2015 is rapidly becoming the year of sportswear and athleisure wear as new data indicates that over half of the UK population purchased activewear in 2015. According to data from Verdict Retail, 53.7 percent of UK consumers bought sporting wear over the last 12 months. However surprisingly, this trend was not driven by millennials - rather...

Fashion

Valentine's Day retail spend to hit 980 million pounds in 2016

Although some may argue that romance is dead and Valentine's Day is nothing but an over-inflated, commercial-run holiday, UK retail spend for the big day is forecast to hit 980 million pounds this year - 15 million pounds more than 2015. This uplift in spent comes despite more than three-quarters of UK consumers surveyed by retail research firm...

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...

Fashion

Global department store spend to rise by 100 billion dollars by 2019

The global department store market will grow by 22.2 percent in the 5 years to 2019, boosted by a 38.1 percent rise in spend in China, which will account for almost half of the 100 billion dollar incremental spend, according to a new report by Verdict. Verdict’s Global Department Store Retailing report is predicting that by 2019, 30 percent of...

Fashion

John Lewis crowned Best Retailer

UK department store chain John Lewis has proven it is the best retailer for keeping customers happy after been named the UK’s Best Retailer at this year’s Verdict Customer Satisfaction Awards. The retailer beat off tough competition from Bonmarché and Dunelm Mill into second and third place respectively, to reclaim the title after last year...