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Shoppers hold back as gloom persists about world’s second-largest economy
...Try to buy anything these days and shoppers are inevitably encouraged to sign up to a loyalty programme. Rewards schemes are proliferating....
Economists had expected 0.3% expansion in March
...The boss of J Sainsbury said shoppers were starting to splurge on certain items after two years of shopping for bargains, as Britain’s second-biggest supermarket forecast rising profits this year....
...The telecoms group expects convenience stores to become more important to ageing shoppers as a falling population hollows out the regional retail sector....
...But since the pandemic ended, shoppers in the UK have fallen back in love with in-store shopping while online players have had to grapple with stiff logistical challenges, mounting competition from ultra-cheap...
...J Sainsbury, the UK’s second-largest supermarket chain, said it expected to deliver profit growth this year despite a drop in earnings for the year just ended as it seeks to lure more shoppers to its stores...
...Shopping centres and retail parks were less popular with shoppers than high streets, with visits down 1 per cent year on year, and about a quarter lower than in 2019, according to MRI Software....
...They are compatible with pedestrians in town centres where cars are banned, so they encourage shoppers to leave their cars at home, freeing town centres of congestion and pollution....
...Rising geopolitical tensions in recent years have created a more patriotic group of Chinese shoppers....
...The effects of two years of above-normal inflation have also driven up prices for shoppers. Deferring payment is one way for consumers to cope with the strain....
...The update follows a previous strategy overhaul in 2020, focused on putting food at the heart of the business in an effort to stop shoppers from defecting to cheaper German rivals Aldi and Lidl....
Japan is a pioneer of combining retail outlets with pharmacies and support services for ageing shoppers
Also in this newsletter: Nissan’s EV plans for UK, Trump’s threat to green transition, China recruits western influencers
...“The first quarter luxury reporting season flagged a widening divergence between the well-off and the aspirational shoppers, and a likely weakening shape to sales in recent weeks,” said James Grzinic, analyst...
...It indicates shoppers are buying fewer goods despite spending more — a pattern seen since the second half of 2021....
...The jewellery price excitement is now to be found in gold, partly thanks to Chinese shoppers choosing trinkets that have safe haven value....
...Others, such as John Lewis, which have suggested they can use shoppers’ brand affection to find success in unrelated sectors should take note....
...Maybe the answer is to give shoppers both options. Instacart is looking for ways to insert itself into the lives of shoppers who prefer to buy their groceries in person....
...He is on a drive to recruit Generation Z and millennial shoppers with a penchant for design and technology who increasingly stream music as well as wealthy individuals who “don’t want to have something ugly...
...Tesco, the UK’s largest supermarket, expects profits to continue to rise this year as it lures more shoppers to its stores and consumer sentiment improves....
...Crucially, they display a fuller range, tempting shoppers to spend more per visit....
...A report by Global Blue, a Swiss payments company, found that the amount spent by US shoppers in Britain in 2022 was 1 per cent higher than in 2019....
...UK supermarket Sainsbury’s said it would buy back £200mn of shares and cut a further £1bn of costs as it updated its strategy, which is designed to attract more shoppers to its stores....
...Abercrombie & Fitch’s ability to persuade middle-aged shoppers to retread the choices of their youth helped its shares quadruple last year, to an all-time high....
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