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Sector Analysis
United 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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Consumer Insights
Cost Pressures – Shopping Trends and Consumer Insights
Cost Pressures Market Report Overview Consumers across the globe are pessimistic about their country’s economic scenario over the next six months. However, a significant part of the population believe the economies to decline in the coming years. The economic adversities will adversely impact retail spending as consumers plan to cutback on costs. Retailers should opt for cost-effective alternatives, with a focus on promoting value for money, to drive retail spending. Consumers are changing their purchasing patterns in response to inflationary...
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Sector Analysis
United Kingdom (UK) Womenswear Market Size and Trend Analysis by Category, Segments, Region, Key Brands, and Forecast to 2028
UK Womenswear Market Overview The UK womenswear market size was estimated to be £24.8 billion in 2023. The market will witness steady growth at a CAGR of more than 1% during 2023-2028 due to long-term economic improvement. United Kingdom (UK) Womenswear Market Outlook 2023-2028 (£ Billion) Buy the Full Report for More Insights into the UK Womenswear Market, Download a Free Report Sample The UK womenswear market research report offers comprehensive insightsinto the womenswear market in the UK along with the...
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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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Analyst Opinions
Top Trends in the Apparel Market for 2024
Top Trends in Apparel Market Overview The Top Trends in the Apparel Market for 2024 report includes an analysis of key factors impacting the global apparel market in 2024. The major trends in the apparel market are inflation, mergers and acquisitions, the outperformance of online channels, the importance of value for money, and market polarization among others. Top Trends · Inflation · Mergers and Acquisitions · The Outperformance of Online Channels · Importance of Value for Money · Market Polarization...
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Sector Analysis
United Kingdom (UK) Accessories Market Analysis, Trends, Consumer Preferences and Forecast to 2027
United Kingdom (UK) Accessories Market Report Overview The United Kingdom (UK) accessories market size was £5.9 billion in 2023. The market is expected to grow at a CAGR of more than 2% during 2023-2027. Even though inflationary pressures led consumers to cut back on fashion spend due to higher prices and less discretionary income, the high presence of luxury goods within the fashion sector allowed accessories to achieve slightly stronger growth than clothing and footwear. UK Accessories Market Outlook, 2023-2027...
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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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Thematic Analysis
Connected Consumer in Retail and Apparel – Thematic Intelligence
Connected Consumer in Retail and Apparel Thematic Overview The connected consumer has been created as a direct result of other themes within the retail and apparel sectors. For instance, the Internet of Things (IoT) has transformed the way that retailers and consumers interact. It has allowed retailers to track previously untraceable behaviors, such as tracking coffee replenishment needs through a Bluetooth-connected coffee machine to a retailer’s app. This has raised the bar for the connectivity that consumers expect from retailers...
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Thematic Analysis
Customer Loyalty in Retail and Apparel – Thematic Intelligence
Customer Loyalty in Retail and Apparel Thematic Overview In retail, customer loyalty is an important parameter for any retailer’s success in today’s competitive landscape. However, it is challenging to retain customer loyalty as there is a plethora of retailers to choose from. In addition, the prevalence of online shopping allows consumers to easily compare retailers’ propositions and pick the most suitable product based on factors such as price, product, or experience. It is more expensive for retailers to acquire new...
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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...