RETAIL EYE - TRENDS IN RETAIL AND POS

Every month, we capture what is happening in retail – understanding key themes and trends for POS.  This snapshot guide helps to bring the high street to your desk monthly.

FOOTFALL

According to data from the British Retail Consortium and Sensormatic, UK footfall fell 4.7% year on year in February. This is a significant drop compared with the 0.6% decline reported in January. One of the wettest February’s on record discouraged shoppers from visiting retail destinations.

VALENTINE’S DAY

Research by Parcelhero showed that Brits were predicted to spend £2.38 billion on Valentine’s Day, a 7% increase on last year. The research also highlighted that Brits are expected to send 25 million cards, 22 million gifts and four million bouquets. £85 million is forecast to be spent on sweets and confectionery alone.

If you are a brand or retailer and would like a full copy of the report, please get in touch with us at info@teamfero.com