The Cut Back Economy 2023: A Widening Crisis - Retail Economics

Download report: https://www.retaileconomics.co.uk/ret...
Find out about consumer cut back behavioural intentions for the UK retail industry as we move further into the cost of living crisis. This short clip features Richard Lim (CEO Retail Economics) responding to five questions related to our research report produced in partnership with Grant Thornton: "The Cut Back Economy 2023: A Widening Crisis".

Questions posed:
1. How worried should the retail industry be?
2. Do you think cuts to non-discretionary purchased by UK consumers will increase?
3. How can brands enhance loyalty?
4. How can retailers capitalise on affluent household spending?
5. How so you see the balance of store and an online presence?

The report overs:
• The widening cost of living crisis impact
• Consumer cut back behaviours
• Changing customer journeys
• Financial resilience
• Retailer strategies for tackling the current retail environment

Discover how Retail Economics can help:
Membership: https://www.retaileconomics.co.uk/reg...
Thought Leadership Research: https://www.retaileconomics.co.uk/how...


___________________________
Retail Economics contacts:
LinkedIn:   / 9252939  
Twitter: https://twitter.com/retaileconomics?l​...
Retail Economics: http://www.retaileconomics.co.uk​
T: +44(0)20 3633 3698

Disclaimer:
The opinions contained in this publication do not necessarily reflect the views of Retail Economics. Whilst Retail Economics endeavours to ensure that the information in this publication is accurate and that the articles contain nothing prejudicial to the position or reputation of any party, Retail Economics shall not be liable for any damages (including without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from this publication or any information contained in it, or from any action or decision as a result of this publication.