£ 1,095 (Excl.Tax)
£ 3,695 (Excl.Tax)
£ 1,095 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 1,095 (Excl.Tax)
£ 1,095 (Excl.Tax)
£ 1,095 (Excl.Tax)
£ 2,195 (Excl.Tax)
£ 3,695 (Excl.Tax)
£ 3,695 (Excl.Tax)
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.
Our reports can help you:
Related to: 'Retail'
Understand the trends impacting the Retail Industry
The past five-year trend in the Retail Industry
The major shift within the retail market over the past five years has been the growth in the online channel, accelerated by the COVID-19 pandemic, and the impact this growth has had on physical stores.
As more demand has moved into the online channel, retailers have had to reassess the size of their store estates but also the experience offered to customers in-store. Greater importance has been placed on the physical shopping experience and how the retail industry can engage with an increasingly multi-channel, and often digital-first, customer base.
Current Retail Market outlook
At present, the UK retail market is experiencing a period of rebalancing following the extreme reliance on the online channel caused by the peak of the COVID-19 pandemic.
Demand is returning to stores but is currently still below what was seen pre-pandemic. At the same time, the cost of living crisis presents significant challenges across the retail market, as customers look to cut back expenditure in all areas. This retail trend offers opportunities for value retailers, but it puts pressure on the middle market as consumers are either forced or elect to trade down.
The future 5-year trend in the Retail Industry
The reaction to the income squeeze will dominate the short to the medium retail market outlook. However, the rise of conscious consumerism will be the key trend over the coming five years.
Consumers are scrutinizing buying decisions like never before, on a range of environmental and ethical factors, with a demand from shoppers that operations become more circular in their approach and retailers become more transparent in what steps they are taking to change.