Home / Knowledge / News / Apparel/Garments / Local stores may win battle for consumer spending in 2014
Local stores may win battle for consumer spending in 2014
01
Feb '14
Local stores could be winners as retailers battle it out for a share of the consumer purse, with more than 25% of shoppers quizzed in a poll on shopping preferences revealing they are going to buy more from convenience stores with some 30% also gearing up to shop more frequently for fashion and groceries via their ipads and mobile phones and a similar percentage looking to increase their use of click and collect options.
 
“For many retailers their online business is their biggest store, but in the next couple of years it could be their mobile application,” says Helen Mountney of global retail consultancy Kurt Salmon, which commissioned the survey.
 
“As delivery is such an issue when shopping online, local stores are increasingly becoming collection points for not just their own, but other retailers’ products. This means that local retailers have a great opportunity to make a sale to shoppers who have ‘clicked’ and come to their shop to ‘collect’.”
 
With 60% of shoppers revealing that price and value are still the most important factors when deciding where to spend their money, discount retailers are set to continue to thrive – along with retailers in the luxury space which seem to be immune to the economic headwinds.
 
“While those retailers in the middle ground look like they are being squeezed harder, they account for a large share of the £300bn contribution that retail makes towards the UK economy and include some significantly profitable players.  However, they in particular need to listen to their customers and continue to innovate in how they present - and deliver - their products whether via their stores or online or they will definitely find themselves in the middle ground graveyard,” adds Mountney.
 
“While leading retailers have predicted that retail sales will see a marginal increase, 2014 is still going to be tough and retailers are going to have to invest more in people and technology.”
 

Kurt Salmon


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X