Retail

Retail

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:

Understand your market
Identify growth opportunities
Recognize future trends

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    Cost of living pressures have forced consumers to tighten their budgets. Discretionary spending has been limited, reducing spending opportunities for more non-essential décor items and more expensive furniture purchases. Online shopping is becoming increasingly popular, highlighting the need for brands to enhance their digital presence. Though in-person shopping remains the preferred..."
    The fulfillment and returns space is undergoing significant transformation as retailers strive for logistical efficiencies to meet and exceed consumer expectations. An example of such, is the increased availability of next-day and same-day deliveries through paid membership programs, which has raised the bar for speed, providing a competitive edge. While the..."
    In 2023, US retail sales in November and December experienced moderate growth (+1.9%) to reach $1.04 trillion as consumers tempered their spending amid inflation. The outlook for the upcoming 2024 winter holiday season is somewhat brighter, but again reflects a landscape shaped by cautious consumer spending. Shoppers remain price-sensitive, with 64%..."
    Over a third (37%) of consumers plan to increase their online grocery shopping use within the next year. Younger consumers will be the primary drivers of this increase as they rely on delivery services to help them manage their busy schedules and to simply take advantage of memberships they already..."
    In recent years the importance of home has become amplified, incentivizing greater investment in the category. By contrast, the current cost of living crisis accelerated the focus on value while a stalling housing market pulled a significant purchase driver from the sector, ultimately dampening demand for home goods in the..."
    Social commerce is a key aspect of the ecommerce ecosystem. Its impact will only grow as time spent on mobile devices increases and younger generations expand. Katie Hansen, Senior Analyst – Retail & eCommerce ..."
    Despite the category's discretionary nature, seasonal changes and the emotional benefits outdoor spaces can provide are avenues to drive engagement, and sales. Marisa Ortega, Retail & eCommerce Analyst ..."
    Rising food costs have elevated store brands' profile, but their value extends well beyond price. Addressing different aspects of value is critical to success. Joel Gregoire, Associate Director of Food & Drink Reports ..."
    Wealthy consumers comprise a large base of the luxury market, but a younger, less affluent and more diverse generation is emerging, requiring brands to be agile. Brittany Steiger, Senior Analyst, US Retail and eCommerce Reports ..."
    Hispanic consumers of all incomes are drawn to the value offered by mass merchandisers and now is the time to draw less brand loyal and more discerning consumers. Stefanie Kundakjian, Research Analyst ..."
    Mobile retailing is a growing, vital part of retail. Bridging the gap between physical and digital worlds, it adds convenience and elevates the shopping experience. Katie Hansen, Senior Analyst, Retail & eCommerce ..."
    Mass merchandisers are essential to Black consumers. Their needs align with the general population, but retailers have an opportunity to engage them based on niche interests. Courtney Rominiyi, Multicultural Consumer Insights Analyst ..."
    All indications signal a post-pandemic resurgence, alleviating inflationary pressures and ushering in a year of exploration, discovery, and AI progress. Diana Smith, Associate Director – Retail & eCommerce ..."
    Economic trends have made budgeting more necessary. But the reality is that consumers will always seek out great value – even when they're financially comfortable. Scott Stewart, Associate Director, Lifestyles & Retail ..."

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    As consumers rise from tough times, gifting is set to glow anew. Behaviors will evolve and tech adoption will increase, as will willingness to spend on gifts. Marisa Ortega, Retail & eCommerce Analyst ..."
    Although budget is a top concern, back to college spending remains robust as today's students prioritize big-ticket categories and fast-moving trends. Brittany Steiger, Senior Analyst, US Retail and eCommerce Reports ..."