Retail Industry

Retail Market Research

Mintel’s Retail market research combines the latest market intelligence, industry insights and expert recommendations to help you anticipate what’s next in the Retail industry.

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    Consumers are increasingly comfortable purchasing jewellery and watches online, seeing a six percentage point increase for precious metal jewellery. 69% of jewellery shoppers find it easy to shop for jewellery online, while 70% of watch shoppers agree with this sentiment. With more consumers interested in buying..."
    As consumers navigate the cost of living crisis, they are scrutinizing costs and budgets more closely. The funds available for kitchen renovations are shrinking, prompting a shift towards more affordable, small-scale, functional updates rather than large-scale, design-led refits. Offering compelling financing options, brands can help consumers in achieving their dream..."
    Majority of Indian adults shop beauty and personal care products in-store, with grocery stores being their top channel of preference. While the in-store shoppers prioritise immediate price benefits, they also value the ability to try products firsthand and receive assistance from customer service. To enhance these experiences, brands can transform..."
    Convenience stores are a staple retailer for consumers as over 80% have shopped at one in the last 12 months. Whether visiting daily, weekly or on occasion, convenience stores provide consumers with quick options for fuel, food and beverages; for some, convenience stores are stops for everyday essentials, making them..."
    As overseas marketplaces challenge the status quo, opportunities exist in the online retail market for differentiation through authenticity, innovative AI solutions, and more customer engagement by tapping into resale. Lena Rittmann - Analyst..."
    Packaging is a substantial cost for food manufacturers, accounting for as much as 15% of the total cost of the product. It's also an investment in branding, an opportunity for marketers to shape the brand experience, add value, and meet consumer needs. Packaging has become a more important element of..."
    Dollar stores enjoy strong penetration, with 89% of adults having shopped the channel in the last year. Importantly, more than three-quarters of dollar store shoppers understand the channel's foundational positioning for being an inexpensive, good option for essential everyday items. Indeed, this low price strategy has served the channel well,..."
    High inflation led German consumers to prioritise smaller DIY tasks, but pent-up demand enables upselling with tailored guidance, improved AR and VR technology, and solutions to make homes smarter and more efficient. Armando Falcao, Associate Director - Retail Reports..."
    Amid the ongoing cost-of-living crisis, major bathroom renovation projects are on hold as consumers watch their finances, but they still have an appetite for lower-cost aesthetic improvements they can do themselves, which is driving demand for bathroom accessories. Energy prices are proving to be a major strain on household finances..."
    CVS (convenience stores) have emerged as favoured hubs for beauty enthusiasts in Thailand, providing skincare and cosmetics in compact sachets and tubes. These small sachets cater to both trial and cost-effectiveness needs, presenting an opportunity to elevate consumers' spending from initial sachet purchases to higher value, aligning with their high..."
    Due to the importance of groceries, the industry is somewhat shielded from broader economic risks and continues to see sales growth. However, escalating costs are squeezing consumers across income levels, prompting changes in shopping habits. These shifts are worrisome, pressuring grocers to attempt to maintain customer loyalty in a market..."
    Amid a diversifying population, multicultural consumers are shaping the future of ecommerce with strong preferences for value, personalization, and authentic representation. With over 60% shopping online more frequently than a year ago and half or more doing most of their shopping online, multicultural consumers are active and engaged shoppers who..."

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