In-store spending drove a moderate 2.6 point increase in GlobalData’s total retail spend index as many consumers in the UK began their Christmas shopping, persuaded by retailers starting to promote gifts and partywear. However, online spending decreased as shoppers held
This year Halloween will be a treat for retailers, with the event forecast to be worth £491m in 2018 (up 2.1% on last year) as consumers invest in the spooky occasion, according to GlobalData, a leading data and analytics company.
The UK non-food retail sector has become reliant on the demise of weaker operators to maintain growth for the survivors, according to GlobalData a leading data and analytics company.
The majority of millennials are purchasing clothing from resale websites, according to GlobalData, a leading data and analytics company.
This trend poses an additional threat to mainstream retailers, many of which are struggling to maintain destination appeal in the challenging retail
Following today’s (Thursday 2 August) increase in UK interest rates, Patrick O’Brien, retail research director at GlobalData, a leading data and analytics company, offers his view: “While the Bank of England believes that the UK economy is in strong enough shape