Popular now
Lululemon lowers full-year guidance after Americas slowdown

Lululemon lowers full-year guidance after Americas slowdown

British Land opposes ‘unacceptable’ TG Jones restructuring plan

British Land opposes ‘unacceptable’ TG Jones restructuring plan

UK retail footfall drops 2.6% as heatwave slows shopping recovery

UK retail footfall drops 2.6% as heatwave slows shopping recovery

Retail News

Retail trends 2022: What Brits want from retailers

On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Attest, a consumer research platform for the world’s biggest brands, today releases new data on the retail trends that are likely to shape 2022. The research is found within the second annual UK Consumer Trends report that tracks sentiment and behaviours ahead of the new year. Key findings include:

Overall, it’s bad news for the High Street when it comes to Brits’ shopping habits:

  • Coming into 2022, is the online/offline split returning to normal now that physical stores are back open again? Attest’s research indicates that Brits still favour online shopping, 50% say they “mostly” or “always” shop online for products (excluding food), versus 29% who shop in-store. Meanwhile, 31% split their shopping between online and offline.

Millennials are the demographic most likely to favour online shopping: 

  • Gen Z are the demographic most likely to say they “always” shop online (16%), but it’s Millennials who are most likely to favour online shopping overall (55% always or mostly shop online).
  • On the other hand, Boomers are the most likely demographic to say they shop mostly or always in-store (28%), yet the majority of this age group still favour online shopping (46%).

Shopping has become our favourite national pastime:

  • But there’s some good news for the retail industry – the activity that Brits are most likely to be doing frequently going into 2022 is shopping; a huge 60% of respondents say they go shopping weekly or daily.
  • In comparison, only 40% are meeting up with friends with this regularity and 37% doing a sporting activity, potentially reflecting ongoing worries about the pandemic.

Supermarkets are still tops for food shopping, despite increasing online options:

  • Despite the growth in same-day online delivery from supermarkets, the public still prefers to shop for groceries the old-fashioned way. However, a sizable 33% of consumers now primarily rely on online food shopping options. A further 20% split their food shopping between online and offline.

Jeremy King, CEO and Founder of Attest, said of the research: “Our data shows the challenges that the High Street will face in trying to get people back in-store next year, as online shopping dominates the way consumers shop. Yet, the Attest research highlights how shopping has really become the nation’s favourite pastime, with consumers spending more time than ever trying to find their next purchase. This presents the retail industry as a whole with an excellent opportunity in 2022.”

Previous Post
Harrods strike averted after pay rise victory

Harrods strike averted after pay rise victory

Next Post
Fortnum and Mason appoints new chief operating and innovation officer

Fortnum and Mason appoints new chief operating and innovation officer