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

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

Leave your Comments


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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

Yes No

Active Poll

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

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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

Active Poll

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

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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