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Is the flattening out of luxury spending set to continue?

Performance
RetailX
by Katie Searles
consumer Data Ecommerce luxury spending

Three quarters of consumers plan to cut back spending, fashion takes the biggest hit

Customer
by Paul Skeldon
With financial pressures continuing to mount, 73% of consumers say that they now plan to cut back on retail spending over 2023
cost of living Customer fashion Growth 2000 spending

Retailers remain bullish as inflation predicted to add £18bn to non-food sales and impact shopper habits

Industry
by Paul Skeldon
Only 20% of retailers predict a fall in consumer demand, despite rampant inflation adding $18bn to prices across the board
consumer Growth 2000 Industry spending Sustainability

Consumers to prioritise bargains, loved ones and hybrid experiences this Christmas

Customer
by Paul Skeldon
Consumers plan to prioritise bargains, buying for only their close loved ones and hybrid shopping experiences this festive season as they plan to cut back...
cost of living Customer Growth 2000 spending

80% of consumers anxious about energy costs – putting £1.5bn aside to cope

Customer
by Paul Skeldon
Almost nine in ten consumers plan to cut back non-essential spending, as most households face double-digit declines in discretionary incomes
cost of living Customer energy prices spending
Money's too tight to mention: Consumers are worried about Christmas spending

Retailers brace for “most frugal Christmas in a generation”…

Customer
by Paul Skeldon
40% of consumers feel negative or very negative about Christmas and plan to cut back and change how they spend
Argos Christmas cost of living Customer Growth 2000 Growth 3000 Europe spending

Subscription economy growth steadies as consumers moderate spending

Customer
by Paul Skeldon
Businesses estimate subscriptions accounted for 36% of revenue over the past year, up 11% – but shoppers are now reigning their spending in
Barclay Card Customer Payment spending subscriptions
Image: Fotolia

UK retail and hospitality to enjoy £1.2bn boost from Women’s Euro 2022 tournament

Industry
by Paul Skeldon
The UK retail and hospitality sectors are predicted to receive a £1.2bn boost during the Women’s UEFA 2022 European Championships (EURO 2022)
Customer Euro 2022 Growth 2000 Industry spending sport Women's football
Image: WAYHOME Studio/Shutterstock.com

UK shoppers shop online more, but spend less as cost of living bites

Customer
by Paul Skeldon
Report highlights that a significant section of the UK public has pulled back on online shopping in the last six months
Attest cost of living Customer Growth 2000 Spend spending UK shoppers

Consumer spending grows by 3.9% in January as Brits fill up on fuel and food

Industry
by Paul Skeldon
Consumer spending grew 3.9% year-on-year in January, marking a distinct uplift from the low levels of growth seen in 2019.
Customer Growth 2000 Industry Mobile spending
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