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Company Insights
NewJohn Lewis – Digital Transformation Strategies
John Lewis Digital Transformation Strategies Overview John Lewis has been focusing on using AI, big data, cloud, robotics, contactless retail, innovation, digital twin, gaming, electric vehicles, and e-commerce to digitally transform its operations. The annual ICT spending of John Lewis was estimated at $297.9 million for 2023. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. John Lewis, the principal trading subsidiary of John Lewis Partnership Plc, owns and operates...
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Sector Analysis
NewUnited Kingdom (UK) Valentine’s Day – Analyzing Market, Trends, Consumer Attitudes and Major Players, 2024 Update
United Kingdom (UK) Valentine’s Day Market Report Overview The proportion of UK consumers shopping for Valentine’s Day has declined in 2024. Muted interest in spending on retail has significantly contributed to the decline in Valentine’s Day shopping. The other key factor influencing the decline is the diminishing significance of Valentine’s Day. As consumers continue to feel the impact of inflation, over 50% of consumers agree that the cost-of-living crisis has reduced spending for the occasion. They are more likely to...
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Sector Analysis
United Kingdom (UK) Valentine’s Day Spending Intentions and Consumer Attitudes, 2024 Update
UK Valentine’s Day Consumer Spending Report Overview The Retail Valentine's Day Intentions 2024 report forms part of GlobalData's Retail Occasions series. It showcases the buying patterns for Valentine’s Day in the United Kingdom. The report gives an in-depth insight into the shopper profile (age, sex, location), preferred gifting options, and the various activities consumers undertake to spend the day. The report suggests that shoppers in the age group of 16-24 years have the highest intentions to spend on 2024 Valentine's...
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Sector Analysis
United Kingdom (UK) Christmas – Analysing Buying Dynamics, Channel Usage, Spending and Retailer Selection
UK Christmas Retail Market Overview The proportion of consumers shopping for Christmas increased in 2023. A third of consumers stated that they started Christmas shopping earlier last year compared to the previous year. Among these consumers, most of them stated that this was to spread the cost of the occasion to feel better prepared for Christmas this year. Consumers also leveraged finance options such as Buy Now Pay Later for cost spreading. The UK Christmas market research report offers a...
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Sector Analysis
NewUnited Kingdom (UK) Mother’s Day Market Analysis, Trends, Consumer Attitudes and Buying Dynamics, 2024 Update
United Kingdom (UK) Mother’s Day Market Report Overview The report suggests that over a third of male consumers agreed they spend more on taking their mother for a meal than buying a tangible gift. Indeed, if retailers cannot make gifting selections more appealing, consumers will turn to leisure over retail to mark the occasion. Therefore, retailers must promote experience gifts, which grew in popularity this year to compete with leisure options, such as dining out. The UK Mother’s Day market...
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Company Insights
Target Corporation – Digital Transformation Strategies
Target Digital Transformation Strategies Overview Target is leveraging AI and data analytics technologies as a part of its digital transformation strategies. The annual ICT spending of Target was estimated at $2.7 billion in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. Target Corp (Target) is a retailer of general merchandise and food products. The company’s product portfolio comprises baby and beauty products, clothing, electronic equipment, furniture, grocery, home...
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Company Insights
Amazon.com – Digital Transformation Strategies
Amazon Digital Transformation Strategies Overview Amazon is leveraging AI-based technologies as a part of its digital transformation strategies. The annual ICT spending of Amazon was estimated at $75.9 billion in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. Amazon.com Inc (Amazon) is an online retailer and web services provider. The company retails a variety of products including apparel, auto and industrial items, beauty and health products, electronics, groceries,...
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Sector Analysis
United Kingdom (UK) Black Friday – Analysing Buying Dynamics, Channel Usage, Spending and Retailer Selection
United Kingdom (UK) Black Friday Market Report Overview The proportion of consumers shopping during the Black Friday promotional period rose marginally by 0.2ppts in 2023. Although shopper penetration increased in 2023, the size of the Black Friday occasions market in the UK is expected to decrease in the coming years. This is due to the falling average consumer spending across several key categories, with notable drops in the electricals & technology and home appliances sector. The UK Black Friday market...
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Sector Analysis
United Kingdom (UK) Retail Occasions Market by Sector, Size, Share and Growth Analysis to 2023
Reasons to buy the ‘UK Retail Occasions’ market report: The report offers a comprehensive overview of the market size for key occasions from 2018-2023. These key occasions are Valentine's Day, Mother's Day, Easter, Father's Day, summer holidays, back to school, Halloween, Black Friday, and Christmas. The report analyses the market growth and the market shares of the top five retailers for each key occasion overall, and for core categories. How is our ‘UK Retail Occasions’ report unique from other reports...
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Company Insights
Tesco Plc – Digital Transformation Strategies
Tesco Digital Transformation Strategies Report Overview Tesco Plc. (Tesco) is using big data, artificial intelligence, and the cloud among other disruptive technologies to digitally transform its operations. The annual ICT spending of Tesco was estimated at $1.9 billion for 2023. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Tesco is a worldwide retailer of general merchandise. The company carries out business through both offline and online channels. It operates stores in...