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Half of Brits shop for experience, not purchase, finds PPL PRS survey

A1 Retail

The survey of 2,000 Brits found that the in-person retail industry shows no signs of disappearing, as just one percent of respondents claimed to shop purely online. So, how can retailers create the perfect atmosphere in-store to deliver on customer experience and keep shoppers loyal? Just one in 10 (10 percent) prefer a silent shop.

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Exploring the Different Types of Store Formats for Retail Success

Small Biz Trends

When you think about shopping, it’s important to recognize the different types of stores available. Grocery stores and supermarkets provide crucial food and household items, as you shop. Convenience stores offer quick access to necessities, often at a premium.

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How Rising Prices Shape Consumer Behavior

Retail Focus

Retail data proves coupon use spikes during high inflation, and discount stores see more traffic. The Role of E-Commerce in Inflationary Periods During times of inflation, online retailers have an advantage over physical stores. During inflation, many discount retailers increase their market share, while others struggle.

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How Brands can Deliver More Value to Shoppers in 2023

Retail TouchPoints

In general, retailers are experimenting with a variety of promotional components to convey value, reduce the actual cost of products and win the battle for the customers’ wallet. They may also consider other triggers, such as individualized promotions based on customers’ historical average order values.

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Sweaty palms and bargain bins: Why consumers are flocking to dollar stores

Inside Retail

Discount stores are booming in post-Covid Europe as price-sensitive consumers seek out bargains amid inflation and the devastating impacts of the pandemic. Much of its focus is on what it calls “attractive discount markets” such as the UK, the Republic of Ireland and Spain. All consumers love a good bargain.

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Extended Back-to-School Season Spotlights Need for Tactical Markdowns

Retail TouchPoints

Among the 86% of consumers that still had shopping to do, 45% said they were waiting for the best deals to complete their BTS purchases, and that search for bargains is another key headline this year. It will come down to how they decide to do promotional pricing to liquidate some of that merchandise. they spent in 2023.

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Category Insights Report: Dollar Stores Redefine Themselves with Enhanced Merchandising and Mobile Apps

Retail TouchPoints

Once largely associated with lower-income households, dollar stores are now becoming retail staples even for more affluent households, inspiring retailers in these categories to invest more heavily in marketing, merchandising and technology innovation that will help them differentiate. That all creates positive momentum for these retailers.”