Consumer confidence brings Christmas cheer
Industry analyst predicts increased spending for Christmas 2014.
By Christina Williams
30 October 2014
Consumers will spend £2.3bn more over Christmas this year in direct comparison with the same period last year, according to industry analyst Verdict. Improvements in the housing market and rising confidence are tipped to contribute to the increase in spending, which would be representative of a 2.6 per cent rise in comparison with last year.
Furthermore, clothing, footwear, health and beauty are the sectors that will see the biggest increases, according the report. Specifically, Verdict predicts that clothing and footwear will see a rise of 3.5 per cent, although retailers are urged to ensure that their omni-channel offer is primed to take advantage of increased demand for click and collect and premium delivery services.
Consumer spending is tipped to reach £90.7bn, with almost 60 per cent of that spend directed towards the non-food sector in 2014.
Today the London retailer launched beauty and kidswear categories online and in-store.
Rachel Riley on her eponymous childrenswear label.
Children’s swimwear brand extends retail offering to online retailer, Farfetch.
CWB Independent Retail Awards 2015, Best New Store.
Fifty free copies of the new SDEA Retail Display Directory up for grabs to CWB readers.
Eighties revival theme for this year’s Schoolwear Association fundraising evening.
New look for Mini Moda and show’s earlier dateline welcomed by children’s footwear buyers.
Childrenswear label Mischka Aoki introduces a playful take on luxury with new Little Miss Aoki line.
Childrenswear brand launches separate spring and summer collections.
This year’s awards kick off with a new Best Baby Store category.
Potwells Trading agrees distribution deal with functional soft toy brand, BoBo Buddies.
Brand unveils three children’s charities to be supported as part of its new Little Clothes BIG Change project.
Interiors brand launches range of coordinating home textiles.