The current rise in wages in the UK have been leading to increasing spending habits and this is no different, especially when it comes to spending on the home. Constantly growing every year, trust in retailers has increased and a reliance on online shopping has gone through the roof. As a result, this has led to consumer’s demands increasing when wanting quality and quantity in everything they buy.
The consumer spend growth has been predicted to increase in the space of 5 years by an impressive 37%, reaching a huge £93.4 billion. With consumer confidence growing and at an all-time high, despite concerns about Brexit and the economy, it is clear that UK spending is still on the up.
When looking at research; Consumer Trends, Attitudes and Spending habits for the Home UK 2019 conducted by Mintel, the underlying theme was that people wanted to spend money to make their homes a more enjoyable place to live. Leaning towards the female market, the study showed a strong link between consumer’s happiness and shopping when it comes to purchase decisions.
When looking at inspiration for the home, 53% of consumers prefer to physically view an item in person. Therefore, we ensure our products can be displayed in showrooms to provide customers with an accurate representation of our goods, all whilst giving them bathroom inspiration!
Unsurprisingly, 60% of consumers value quality as an important factor when shopping and say that it would influence their choice of retailer. Having our products on display allows our customers to really see the quality of what we have to offer, with this being backed up online with images and a wealth of information, the combination of both online and in-store browsing allows our customers to get an accurate, overall representation of a product.
Looking into consumer spending habits throughout 2019, we have established that customers want to become emotionally invested in products to make them feel happier about living in their homes – something which Hudson Reed products most definitely do. You can browse our entire range of products here online or find your nearest retailer at the following link, that way you can view our products exactly as you wish! https://www.hudsonreed.co.uk/how-to-order
