United Kingdom (UK) Valentine’s Day – Analyzing Market, Trends, Consumer Attitudes and Major Players, 2023 Update
“United Kingdom (UK) Valentine’s Day – Analyzing Market, Trends, Consumer Attitudes and Major Players, 2023 Update” report forms part of GlobalData’s Retail Occasions series, and offers a comprehensive insight into the consumer dynamics and spending habits of UK consumers for Valentine’s Day. The report analyses the major players, the main trends, and consumer attitudes.
Valentine’s Day penetration fell in 2023, with both participation and shopper penetration declining on the previous year. With Valentine’s Day being so close to Christmas, during which more consumers were seen to use financing options to spend beyond their limits, Valentine’s Day 2023 was deprioritised as consumers are still paying off loans and Buy Now Pay Later (BNPL) purchases. Yet, BNPL usage has also increased for Valentine’s Day this year, with over half of consumers stating that they felt worse off financially in 2023, suggesting that there may be a possible crash in spending power later in the year.
Key Highlights
– Shopper penetration, retail penetration and leisure penetration all decreased against 2022, but remained higher than 2021.
– Value for money proved to be the most prominent factor in retailer selection, followed by quality and price.
– The proportion of consumers spending money on their partners increased the most this year, with minor increases in those buying for parents, themselves and pets. There were slight declines in those spending money on children and grandchildren.
– Consumers have switched to discount retailers for food & drink this year, as inflation continues to rise. Premium food & drink retailers also saw a boost, as consumers traded down from eating out and takeaways.
Reasons to Buy
Identify the key retailers used by consumers to purchase Valentine’s Day products across various categories, and what drives consumers to shop with these retailers
Understand the most popular Valentine’s Day categories shopped for by consumers in 2023
Understand which channels used by consumers are the most popular when shopping for Valentine’s Day products
Key Players
Table of Contents
List of Tables
List of Figures
Get in touch to find out about our multi-purchase discounts
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
