Headlines

British Retailers Yet to See Post-Election ‘Pickup’

British Retail Consortium says thrifty shoppers are reluctant to spend

Published

4 years ago

February 11, 2020

VMSD Staff

Though business surveys noted a pick up in the economy post-December 2019 election, the British Retail Consortium says that spending habits have yet to change to reflect this.

The online shopping trend has continued to be a downfall for retailers, and “thrifty and environmentally aware customers” are hesitant to spend excessive money, according to the Guardian.

“[A]s sustainability continues to rise up the agenda, many customers are switching to more environmentally friendly products or simply choosing to buy less.” The British Retail Consortium (BRC) Chief Executive Helen Dickenson told the Guardian, “Across the U.K., retailers are facing tighter margins as a result of weak consumer demand and increasing costs, including sky-high business rates.”

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design