Articles tagged research

Retail News - Consumer confidence improves globally

American consumer confidence increased in the third quarter this year, and research shows the same world-wide, though it was widely admitted that people felt more positive regarding job prospects than personal service.

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Retail News - BRC finds use of cash falls to lowest level on record

A 14 per cent fall in the use of cash means the method of payment now stands at its lowest level on record as online and contactless payments soar.

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Retail News - A third of UK shoppers visit a store before making purchases online

New research from e-commerce giant eBay has shed new light on the way consumers interact with multichannel retailing brands – with a third of those surveyed using both online and offline sales channels in their purchase journey. A survey conducted in the UK and Germany found that 31 per cent of consumers visited a store before buying online, while 34 per cent research a product online before making a purchase in store.

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Retail News - Retailers gear up for Mega Monday

Batton down the hatches: Mega Monday is coming. As UK retailers enter their peak trading period for the year, new research from Barclays bank puts 2 December at the eye of this year’s shopping storm.

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Online spending in December is expected to pass the £10 billion mark for the first time, rising 15 per cent on last year’s results.

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Retail News - Luxury goods sales expected to rise for 2013

Luxury good sales for the year are expected to rise 6 per cent, according to a new study from Bain & Co, with the Americas overtaking China as the leading growth driver.

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Retail News - Smartphones spur on fastest-ever growth for online September sales

Spending on smartphones rose by an impressive 150 per cent in September, boosting an overall 13 per cent increase in internet shopping since August.

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Retail News - Relentless spring for retailers as BRC finds retail prices rise at slowest rate in over three years
Photo credit: My Retail Media

The latest figures released by the British Retail Consortium and Nielsen find a toxic mix of bad weather, supermarket promotions and long-standing economic pressures led to prices in high street stores rising at their slowest rate in three and a half years. Food prices fell 0.4 per cent in April, while non-food prices dropped 1.1 per cent compared with March to a rate last seen in November 2009.

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Retail News - ‘Lipstick effect’ brings boost in beauty sales

Long-dubbed the ‘lipstick effect’ for the rise in beauty sales correlating to a dip in consumer confidence, it seems British shoppers are still resorting to small luxury purchases to boost their mood. The latest report from Mintel found spending on beauty and personal care products has increased 11 per cent since the beginning of the credit crisis in 2007.

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Retail News - Retailers widen the real estate net as Soho, Kensington and Tottenham Court Road grow in popularity
Photo credit: New West End Company

While Oxford Street and Bond Street continue to demand some of the highest rent rates in the world, it seems retailers are increasingly looking further afield for central locations. According to new research from Savills reported by the Telegraph, rents in areas such as Tottentham Court Road, Kengington High Street and Lower Regent Street could grow by 30 per cent to 50 per cent in the next few years, as retailers continue to clamour for space in the centre of the capital.

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