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The emergence and adoption of new technologies is having a significant impact on the consumer purchasing process The rise of mcommerce In relation to mobile technology – and smartphones in particular – is blurring the lines as to where consumers are shopping, with the modern consumer being able to purchase from anywhere. Mobile as a […]
Webloyalty today continues to uncover the truth behind where the retail industry is heading. Last week’s blog was retail expenditure and the future of retail, and this week looks at retail spending and its associated growth rates. Presented in the recent report, Webloyalty: The future of retail, this is what is predicted for the upcoming […]
This is a snippet from Webloyalty’s The Future of Retail research report. The transfer of spend to online is evolving the role of stores as fulfillment centres. In addition to reducing physical space requirements, online is also evolving the role of physical stores. One of the most important trends has been the proliferation of click & collect […]
This week, the Webloyalty team discusses the reason why there have been so many stores that have lost momentum. It has been quite apparent that the number of retail stores shutting on our high streets in recent years is growing. In the UK, the number of stores has fallen by around 40,000 over the last […]
The home-related and entertainment sectors are set to struggle over the next five years Although overall retail growth will be more subdued over the next five years, totalling 14.3% (including inflation) across the 2013-17 period, there is significant variation by retail sector. Food & groceryAs a needs driven market, the food and grocery sector will […]
The recession has severely dampened growth rates in retail. The chart below shows the growth rate for consumer retail expenditure. From 2007 onwards we have two lines. The red line shows the actual growth rate and, obviously, accounts for the recession and downturn over this period. The blue line shows our forecast for what would have […]
Here at Webloyalty, we know that consumer shopping habits are changing and are impacting stores share of retail. Currently, retail stores remain at the forefront in their share of sales. However, stores sales are declining as a result of alternative routes provided via online shopping and mobile channels. New paths to purchaseWhilst physical stores remain […]