Over Half of Consumers Plan to Purchase Gifts, with Price as a Main Concern

  • UK shoppers to spend £1.7bn on Mother’s Day, a 1.1% increase from last year
  • Over half of consumers plan to purchase a Mother’s Day gift
  • Price remains a main concern for shoppers
  • 41% of consumers will spend under £20 on gifts
  • Food gifts and flowers expected to be popular
  • Retailers should focus on showcasing entry price points
  • Grocers well placed to benefit from consumers looking to cut back
  • 20% of consumers plan to buy clothing or jewellery
  • Retailers should offer a range of price points
  • Appealing to consumers looking for affordable products is key

UK shoppers are set to spend £1.7bn on Mother’s Day this year, a 1.1% increase on 2023, as over half of consumers intend to purchase an item to celebrate the occasion, though price remains a main concern. According to GlobalData’s report, 41% of consumers who intend to, or have already purchased, an item for Mother’s Day have or will spend under £20 on gifts. Food gifts and flowers are expected to be popular products this year, and retailers should focus on showcasing entry price points to entice greater spend. Grocers are well placed to benefit from consumers looking to cut back and should use exclusive loyalty scheme offers and discounts to encourage shoppers to spend more. Around a fifth of consumers stated that they intended to buy clothing or jewellery this Mother’s Day, and retailers will need to cater to those looking to cut back by offering a range of price points. Retailers should focus on appealing to consumers looking for high quality products at affordable prices.

Factuality Level: 3
Factuality Justification: The article provides information based on a report from GlobalData, but it lacks depth and critical analysis. It contains some general statistics and predictions without much context or supporting evidence. The article also seems to focus more on promoting consumer spending rather than providing a balanced view of the Mother’s Day shopping trends.
Noise Level: 3
Noise Justification: The article provides detailed information on UK shoppers’ spending habits for Mother’s Day, backed by data from GlobalData. It discusses the impact of inflation on gift purchases and offers insights into consumer behavior and retail strategies. The article stays on topic and supports its claims with evidence and examples. However, it lacks a deeper analysis of broader trends or implications beyond the immediate shopping behaviors related to Mother’s Day.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not pertain to financial topics and does not describe any extreme events.

Reported publicly: www.retailsector.co.uk