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| Countries covered: United Kingdom Introduction Verdict Research: Retail Futures is a unique forecasting tool providing dynamic forecasts and analysis of market demand and price pressures every three months. Seven UK sectors forecasts are available (Clothing & Footwear, DIY & Gardening, Electricals, Furniture & Floorcoverings, Food & Grocery, Health & Beauty and Homewares). Also available is an e-Retail forecast and a Sector Summary report. Scope
The strong sales performances in Q2 were the result of consumers making more needs and replacement purchases, good weather, people holidaying in the UK and widespread discounting. However, with a hot summer failing to materialise and consumers becoming increasingly unwilling and unable to spend, retailers face tougher trading conditions in Q3. With the demise of retailers such as Zavvi and Woolworths, remaining retailers have been able to pick up sales and market share. However, vying for a share of consumers' constrained spend is becoming increasingly challenging, intensifying competition, and further casualties are likely. Despite inflation easing in food, inflationary pressures are mounting in non-food. While most will be keen to absorb costs wherever possible to entice spend, some will raise prices. However, any price rises will be made with caution. Mid and higher price points are likely to be increased rather than the footfall driving entry level price points. Reasons to Purchase
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