2017 has been a challenging year for retailers. Cost pressures have mounted due to a combination of Sterling weakness, cost inflation, business rates increases, the National Living Wage and other staff costs. While consumers have continued to open their wallets, they’ve done so more judiciously, for example diverting their spending towards non-discretionary categories and own label products.
Retailers are now on tenterhooks waiting to see what this Christmas will bring. Orders have been placed, stock is filling stores and warehouses, promotions have been planned, ad campaigns are about to be revealed. But will consumers continue to spend, or will the squeeze in real earnings and expected hike in interest rates come home to roost?
Here are our twelve predictions for the UK retail sector over this festive season. Click here to find out more.
Please get in touch to discuss how the peak trading season might affect your business, and join us around the country in the New Year for our round up of Christmas trading results and outlook for 2018.
Retail sales will be resilient this Christmas, weather-permitting
…even though consumers tell us they’ll buy fewer presents
Young people expect to spend more, but on different categories to their parents
Inbound tourism will benefit destination retailers
Black Friday: more noise, for longer, but retailers take control…
…but many of us won’t wait till Black Friday to get our shopping started
There’ll still be a last minute rush, but stock and logistics will be the key challenge
Will the leisure sector feel the squeeze if retail is resilient?
Big ticket and electronics under pressure…
…and this could affect retail park footfall. Will there be a high street renaissance?
The “Want It Now” generation can shop more easily than ever from home
Christmas is all about dinner… (and the kids)
Click below to find out how consumers responded when asked how they think their disposable income will be in the next 12 months: