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THE RETAIL WRAP: 9th June

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Join the Retail Wrap to discover the latest news and happenings from throughout the diverse retail and design industries. 

 

From e-commerce and high street brands to inspirational and trending topics, our weekly series will bring you up to speed on the latest hot topics from across retail, lifestyle and design; covering everything from retailer updates, changes in purchasing behaviour, inspirational case studies, and the latest trends.

 

With the rise in cost-of-living promoting second-hand shopping and high street footfall rise with the support of the jubilee lift, discover this week's latest topics in retail.

 

Cost-of-living crisis prompting second-hand shopping to surge

As the rising cost-of-living crisis sees energy bills, fuel and food prices continue to climb, more UK consumers are turning to second-hand shopping and upcycling in order to make ends meet – as well as minimise their environmental impact.

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How John Lewis and Made.com found new ways to reach customers

From VR shopping to live chat, John Lewis and Made.com tell Shoptalk Europe how they have embraced new ways to interact with customers in the wake of the pandemic.

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74% of young people prefer to shop with brands that align to their values

Nearly three-quarters (74%) of people aged 18-24 would be willing to spend more on a brand that aligns with their values, in spite of the cost of living crisis, new data suggests.

The survey by CACI, a consumer and location intelligence specialist, also found that more than half of 25-34 year olds (57%) would choose to do the same.

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UK retailers given jubilee lift as high street footfall rises

Number of people visiting shops during June bank holiday week was up 17% on May average. Four days of jubilee celebrations provided some much-needed respite for Britain’s retailers after a tough May in which cost of living pressures weighed heavily on spending.

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Five ways ecommerce merchants should adapt to the cost of living crisis

Consumer attitudes shift quickly and in recent years customers have swerved away from bricks-and-mortar retail and towards mobile shopping – a change which was accelerated during the pandemic.

Ecommerce has become a more prevalent way to shop for nearly all consumers. However, the Covid-19 pandemic and Vladimir Putin’s invasion of Ukraine have twisted the retail scape into uncertainty.

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41% of retail consumers in 2022 have tried a new brand in the last 6 months

New research from Google ahead of the UK’s peak shopping season explores online window shopping, the changing retail consumer and omnichannel behaviour.

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Written by Yasemin Baytas
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Written by Yasemin Baytas

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