£641m a Year Lost to Regretted Buys and Cluttered Cupboards

  • UK shoppers waste £641 million annually on unwanted online purchases
  • 27% of adults order items they regret buying but don’t return them
  • Average amount wasted per person is £51.90
  • 31% of UK adults buy unnecessary items online
  • 43% spend more money online than intended
  • Online shopping convenience leads to clutter and environmental waste

A new report from marketing agency Gekko reveals that UK shoppers waste £641 million annually on unwanted online purchases. The survey of 2,000 adults found that 27% buy items they regret but don’t return them, with an average of £51.90 wasted per person. Over a third (31%) admit to buying unnecessary items and 43% overspend online. Gekko’s Daniel Todaro warns that convenience can lead to clutter and environmental waste, urging support for local businesses.

Factuality Level: 8
Factuality Justification: The article is based on a survey conducted by One Poll on behalf of Gekko, which provides data and statistics about online shopping habits and consumer behavior. The information presented seems to be accurate and relevant to the topic. However, it does include some subjective opinions from the managing director of Gekko towards the end of the article.
Noise Level: 5
Noise Justification: The article provides some interesting statistics on online shopping habits but lacks in-depth analysis or actionable insights. It mainly focuses on reporting the findings of a survey without exploring the reasons behind these behaviors or offering solutions to reduce waste.
Financial Relevance: Yes
Financial Markets Impacted: The article highlights the issue of online shopping waste leading to financial losses for consumers and potential impact on retail companies.
Financial Rating Justification: This article discusses a financial issue related to consumer spending habits and its consequences, which can affect retail companies’ sales and overall financial health.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text, but the issue of online shopping waste and its impact on the environment is discussed.

Reported publicly: www.retailsector.co.uk