Gen Z
This coverage explores Gen Z’s influence on the UK retail sector, focusing on consumer behaviour, shopping preferences, and cultural trends shaping demand. Reporting examines how retailers adapt through product development, marketing strategies, digital engagement, and sustainability efforts. Tailored for professionals aiming to connect with younger consumers and anticipate emerging market dynamics.
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Jun- 2024 -21 JuneNews
Today’s news in brief-21/6/24
UK retail sales saw a notable increase of 2.9% in May 2024, reversing a 1.8% decline in April. According to the Office for National Statistics, sales volumes rose across various sectors, with clothing retailers and furniture stores rebounding after poor weather in April. Over the three months to May 2024,…
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21 JuneEconomy
BoE decision a ‘blow for Gen Z spending’, says RSM UK
The economic impact of high interest rates is set to hit Gen Z spending for the next 12 months, “prolonging the challenge for retailers and hospitality businesses as discretionary spend gets squeezed”, according to accountancy firm RSM. A survey of 2,000 consumers conducted on behalf of RSM UK shows Gen…
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5 JuneHealth & Beauty
The Estée Lauder Companies completes acquisition of Deciem
The Estée Lauder Companies (ELC) has announced it has completed its acquisition of the Canadian-based, multi-brand company Deciem Beauty Group in a deal worth around $860m (£673m). ELC first invested in Deciem in 2017, increased its stake to become majority owner in 2021, and recently exercised its option to purchase…
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Apr- 2024 -8 AprilAdvice
Navigating the Gen Z Shift in Retail
The retail sector has been hit by a shortage of talent and declining employee motivation over the last few years, but change is coming. By the year 2025, Gen Z will account for 27% of all employees and with that comes a different outlook. This generational shift presents both a…
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Feb- 2024 -23 FebruaryClothing & Shoes
Zara owner expands budget brand Lefties in bid to rival Shein
Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast fashion rivals such as Shein. According to Reuters, the company is “quietly growing” its budget ranges as part of this strategy, including the expansion of Lefties, which sells €17.99 (£15)…
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8 FebruaryHealth & Beauty
Revolution Beauty eyes £1bn sales target amid turnaround strategy
Revolution Beauty has unveiled a new turnaround strategy amid plans to target sales of £1bn by 2030. The group said its ‘Reigniting the Revolution’ strategy will aim to deliver “long-term profitable growth in an attractive global beauty market, where Revolution Beauty has significant headroom to expand”. The plan is based…
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2 FebruaryFeatures
Could loyalty schemes bring back the weekly shop?
The weekly grocery shopping spree has been falling out of favour for some time now, with just 16% of consumers now reportedly sticking to this food shop schedule as opposed to 26% in 2020, according to Savanta’s latest Grocery Eye report. Former Ocado Group finance director, Vineta Bajaj, chalks this…
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Jan- 2024 -30 JanuarySupermarkets
Less shoppers stick to a weekly grocery shop routine, report finds
Just 16% of shoppers now report sticking to a weekly shop schedule, down from 26% in 2020, according to Savanta’s Grocery Eye report. The report has found that the weekly shop – a staple of domestic life for decades – appears to be “coming to a close” as cash-strapped and…
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23 JanuaryAdvice
Sustainable packaging and e-commerce: what more can be done?
The Thanksgiving weekend of 2023, including Cyber Monday, saw $38 billion in online sales in the US, while e-commerce in the UK is forecast to exceed 38% of all retail sales by 2025. That’s an awful lot of packages being delivered to homes. Brands that sell a lot (or all)…
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4 JanuaryNews
Today’s news in brief-4/1/24
UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1% increase, followed by retail parks (5.9%) and high streets (3.7%). Compared to 2022, footfall edged up by 0.2%, primarily in high streets (+1.2%). However, shopping centres saw a decline of…
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