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Latest from GlobalData   March 2018

Spotlight Media Updates

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Marginal uplift in the economy won’t save struggling retailers

The data does point to a slightly better near term picture for retailers though, with inflation falling leading to an increase of 1.2% in real household disposable income in 2018.’ On the perennial problem of business rates though, the only help was the bringing forward of the next revaluation to 2021, which will be little help to struggling retailers about to be hit by increased rate bills next month.’’

Toys R Us collapse due to its failure to compete with Smyths more than Amazon

While the narrative about the sad demise of Toys R Us focusses on how it was killed by the Internet, data shows that the rise of multichannel player Smyths caused even more damage than Amazon.

Discounters poised to increase share of £1 billion valentine’s day

Although UK sales on Valentine’s gifts and cards are set to achieve the £1 billion mark this year, growth is expected to slow on 2017 as shopping at discounters for the occasion becomes more prevalent.

UK click & collect sales set to soar 55.6% to 2022

Click & collect continues to rise rapidly in the UK, outpacing growth in the online retail channel, with click & collect sales forecast to account for 13.9% of total online spend in 2022, 1.9 percentage points higher than in 2017, according to GlobalData, a leading data and analytics company.

UK town centre sales declined to £108.3bn in 2017, but spending will grow 0.2% in 2018

The UK town centre retail market has been in decline since 2015, but it is forecast to rise 0.2% in 2018 and will continue to grow out to 2022, with sales in the town centre market being driven by convenience goods particularly in the food & grocery sector. However, the town centre retail market will underperform against the overall growth of total physical retail sales in the UK over the next five years, which will be driven by retail parks and supermalls, according to GlobalData, a leading data and analytics company.

The UK food and grocery convenience market will grow by 22.0% by 2022

The UK food and grocery convenience market will grow 4.1% in 2018, outperforming the total UK food and grocery market by 0.9 percentage points (ppt), according to GlobalData, a leading data and analytics company.

Health trend boosts UK cookware sales amid popularity of food delivery apps

More UK shoppers prepared a meal at home during the last 12 months - rising from 78.3% in 2016 to 83.8% in 2017 - as interest in healthy eating continued to grow according to new research by GlobalData, a leading data and analytics company.

Toys R Us UK stores rejuvenation is the key to future growth

While Toys R Us hopes that shutting 26 stores as part of a company voluntary arrangement (CVA) can stop it falling into administration, the only way it can save itself is by rejuvenating the rest of its tired portfolio says GlobalData a leading data and analytics company.

Shoppers set to spend over £10bn in this year’s Black Friday bonanza

Spend during the Black Friday period, defined as Monday 20-Monday 27 November 2017, is forecast to grow 3.8% on 2016 (Monday 21-Monday 28 November 2016) to £10.1bn, accounting for 10.4% of total Q4 spend. Although growth is forecast to slow year-on-year, we expect more retailers to take part in the event this year in an attempt to stimulate the waning demand they have faced over September and October.

Consumers shop early this Christmas to save money

Retailers are merchandising their Christmas ranges even earlier this year to meet consumer demand for early Christmas bargains on essentials like Christmas trees, decorations and lights according to GlobalData, a leading data and analytics company.

High inflation rather than strong volumes will drive Christmas spend this year

Non-food retailers will continue to struggle this Christmas with sales expected to show year-on-year growth of only 1.2% in the fourth quarter. Volumes are forecast to fall by 0.1% as price rises, which came into play as result of the weakened pound, will discourage cash strapped consumers from shopping over the seasonal period.

UK health & beauty market set to reach £27bn as it outperforms all other sectors

Despite the prolonged doom and gloom on the UK high street, waning consumer confidence, and restricted budgets, the health & beauty sector has far from lost its appeal. Indeed UK consumers will be prepared to pay even more over the next five years, with annual spend per head forecast to rise by £73 to £487, and the market reaching £26.7bn by 2022 according to GlobalData, a leading data and analytics company.

46.2% of toys & games will be sold online by 2022

The UK toys & games market will grow 16.2% over the next five years, reaching a total value of £4.9bn, according to research and consulting firm GlobalData.

Fashion boosting the £481m UK consumers will spend on Halloween this year

Challenging retail market spooks fashion retailers into participating in Halloween

Supermalls set to outperform physical retail growth, as focus on leisure and food service attracts millennials

The UK Supermalls market is forecast to rise 7.2% over the next five years, outpacing growth in physical locations, forecast to be 5.0% (across non-food sectors), according to GlobalData, a leading data and analytics company.

Department stores and fashion retailers must consider delivery subscriptions to counter threat of Amazon Prime

Department stores and traditional clothing & footwear retailers are losing market share to online pureplay retailers, and must look to follow their lead into delivery saver schemes according to GlobalData, a leading data and analystics company. This will encourage their customers to shop more frequently and keep the retailer at the forefront of consumers’ minds.

AI set to revolutionize retail banking, says GlobalData

For retail banks looking to differentiate themselves in an increasingly crowded marketplace, providing an enhanced digital customer experience is now an essential component of winning and retaining customers. The sector is increasingly looking to artificial intelligence (AI) to achieve this and is now on the cusp of a digital services revolution, with machine learning, natural language processing, and predictive analytics all set to turn retail banking into a data-driven industry.

Amazon deal will revolutionise the online food retail sector

The shareholder-approved Amazon-Wholefoods deal gives the company a sizeable bricks-and-mortar presence in food retail with the ability to revolutionise online grocery shopping, and leading retailers are well aware that they are under threat.

Discount retailers to grab a further £9bn of consumer spend by 2022

The UK Discount Retail market is set to grow by 36.1% reaching a total value of £32.5bn by 2022 according to GlobalData, a recognized leader in providing business information and analytics.

Airports offer a $38 billion bright spot for retailers facing an otherwise harsh market environment

Travel retail, particularly in airports, is currently a bright spot in the retail world. GlobalData’s latest report reveals that spending in airports hit $38 billion globally in 2016, and is set to grow by 27% to $49 billion by 2021.

Amazon’s $13.7 billion acquisition of Whole Foods shakes up grocery industry

Amazon's $13.7 billion acquisition of Whole Foods gives Amazon a serious presence in the grocery market and a platform for future growth and expansion. For Whole Foods, Amazon is potentially the answer to some – but not all – of its issues.

What does the UK election result mean for retail?

The party manifestos offered little other than more pain for retailers, but the uncertainty arising from the election result threatens to damage the industry more than any policy could.

UK election poll: Aldi and Lidl shoppers want Conservative victory

As part of GlobalData’s regular Consumer Sentiment Tracker, we conducted a survey in the run-up to the election to discover the voting intentions of supermarket shoppers.

Rising obesity in young people boosting £5 billion UK plus size womenswear market

One in every £5 spent on womenswear in 2017 will be spent on plus size garments, according to GlobalData, a recognized leader in providing business information and analytics.

UK retail parks will grow faster than high streets to 2022

The UK retail parks market is expected to grow by 13.8% between 2017 and 2022, with the sector set to outperform the high street, according to GlobalData, a recognized leader in providing business information and analytics.

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