Too much choice can be a bad thing, according to young clothing shoppers....
Personal care electricals (PCE) will be the fastest growing category in the UK electricals market over the next five years as innovation drives consumers to purchase.
Too much choice can be a bad thing, according to young clothing shoppers. A consumer survey by GlobalData shows that while 47.3% of clothing shoppers find the level of choice available at retailers to be overwhelming, it is younger shoppers who the feel the most overwhelmed.
The majority of millennials are browsing resale websites for clothing, according to a GlobalData survey, posing an additional threat to mainstream retailers, many of which are struggling to maintain destination appeal in the challenging retail environment.
GlobalData Retail’s monthly tracker has seen consumer sentiment improve significantly over the past year, driven by a better awareness of the economic environment post-EU referendum. However, with uncertainty remaining regarding the Brexit negotiations, retail spend is unlikely to rise just yet.
As British supermarket Morrisons continues its recovery under the stewardship of David Potts and his team, its vertical supply chain sets it apart from much larger competitors and could prove to be a major asset in a post-Brexit world.
Social media influencers can be leveraged to increase brand awareness, showcase products in an authentic way, and reach audiences far wider than would be possible without them.
Smaller retailers, street traders, corner cafes, and cabbies have relied on the cash economy for decades, and could not afford to buy card reader devices or pay the fees associated with processing electronic payments, especially in developing countries.