;
COVID-19 SERVICE: We are heightening our efforts to assist the UK retail & leisure industry through this challenging period. Explore this service now… COVID-19 SERVICE

Understanding Pensions in an Era of Disruption

 

 

 5 minute read

 

 

To delve into the possibility of collaborating with Retail Economics to produce exceptional thought leadership research similar to this, click here.

 

Report highlights

 

This report produced by Retail Economics in partnership with Nutmeg offers guidance for consumers (current and future retirees) on the level of savings and income required for retirement nowadays. This research can also be used to support financial providers in helping them improve business strategies and to better engage clients. Using consumer panel research and ONS data, a calculation is presented for the shortfall between current pension pot values and the income needed for a comfortable retirement.

 

The report is divided into 5 main sections:

Part 1: Introduction

Part 2: Key Stats

Part 3: The UK Pension Landscape

Part 4: The Pension Deficit

Part 5: Plugging the Pension Gap

 

Understanding pensions cost and plans - retail Economics

 

Introduction

In a disruptive world seemingly transitioning from one crisis to another, achieving financial security in retirement has become paramount. Against a backdrop of high inflation, stock market volatility, rising interest rates and geopolitical instability, the savings process has become more uncertain. As  households grapple with immediate financial concerns, today’s cost-of-living crisis risks becoming tomorrow’s pensions crisis. 

While significant progress has been made to boost pension contributions and engagement, optimal retirement income appears out of reach for many. Faced with soaring bills and the potential of an oncoming recession, people may be tempted to ‘batten down the hatches’ by reducing pension contributions, reviewing investment mix, withdrawing lump sums, or even putting off starting a pension in the first place. Without significant support, those on lower incomes and already under-pensioned are likely to struggle to achieve a balance between meeting short-term and long-term financial needs.

Delaying saving for retirement ignores the already troubling direction of travel. Currently in the UK, the average 65-year-old has a pension deficit of £271,000 – the difference between actual pension pot values and what is needed to enjoy a comfortable retirement. Extrapolated across the population, this equates to a total pension under provision of £187 billion for those on the cusp of retirement.

A decade on from the introduction of automatic enrolment and seven years after Pension Freedom reform, this report produced by Nutmeg in partnership with Retail Economics provides penetrating insight on pension provision in the UK amid the unfolding cost-of-living crisis. It identifies different ‘pension personas’ and looks at attitudes and behaviours that shape how people perceive pensions and save for retirement.

Insight from this research offers guidance for consumers (current and future retirees) on the level of savings and income required for
retirement. This research can also be used to support financial providers in helping them improve business strategies and to better
engage clients. Lastly, using consumer panel research and data from the Office of National Statistics (ONS), a calculation is presented for the shortfall between current pension pot values and the income needed for a comfortable retirement.

 

The report is split into three sections:


The UK pension landscape: provides an overview of pension provision and the underlying drivers of retirement saving, including identifying the five main pension personas.

The Pension Deficit: quantifies the shortfall between current pension pot values and the income needed to live a comfortable retirement. 

Plugging the pension gap: identifies key strategies and tools for consumers to increase pension engagement to achieve a stronger financial position for retirement.

 

Key stats

Pension statistics retail economics

 

The UK Pension Landscape

This section provides an overview of the UK pensions landscape. It explores the key drivers of pension provision, the retirement savings journey, and characteristics of different consumer archetypes including their attitudes, motivations and behaviours around pensions.

The current pensions landscape

An alarming proportion of the UK population are without a private pension, heading towards retirement without adequate financial provisions in place.

Our research shows that around 3 in 10 (29%) UK adults have no private pension savings. For those aged 65+, who are on the cusp of retirement, as many as a third (32%) do not have a private pension leaving the vast majority reliant on just a state pension to provide for them through later life.

With so many retirees dependent upon government for financial support in their senior years, expectations of a ‘comfortable retirement’ are under threat – especially in the context of a cost-of-living crisis, as everyday living expenses like food and energy soar.

Figure 1: Proportion of individuals with no private pension wealth

proportion of people with no pension wealth retail economics

Source: ONS Wealth and Assets Survey

The UK has seen a marked improvement in private pension provision over the last decade as the introduction of the automatic enrolment scheme encouraged millions into saving for retirement. The scheme’s success lies in the fact that saving becomes the default option, reducing the proportion of ‘non-savers’ as action is required for them to opt-out.

While auto-enrolment may have overcome the largest barrier of inertia by simply getting people to start saving, this default option requires limited active decision making, hence lessens engagement among many pension savers. However, with the auto-enrolment minimums unlikely to be sufficient to provide for a comfortable retirement, it could lure some into a false sense of security. More progress is needed to educate, motivate and improve engagement, if people are to enjoy the level of comfort and security they want in retirement.

Indeed, our research shows that a quarter of pension savers have no idea what their pension pot is worth. More than half (59%) of UK employees don’t know how much they (or their employer) contribute to their pension; while two in five (40%) don’t realise they... [extract].

 

Download your FREE copy of this report by completing the form at top of page... 

 

Too often there is a disconnect between pension schemes and their members. This fuels uncertainty. Almost two thirds (62%) of pension savers say they have no idea whether they are contributing enough; and half (53%) worry about having enough income to see them into their retirement.

Different types of employment affect pension saving behaviour. Workplace pension schemes are designed for traditional working patterns. This can negatively impact employees who take significant career breaks, work part-time, are on short-term contracts, or have multiple jobs.

Certain demographics are disproportionately impacted. Women, ethnic minorities, the disabled, and those on low-incomes are more likely to be in unconventional, temporary or insecure forms of employment. This makes the savings journey to a comfortable retirement more challenging

Download: Understanding Pensions in an Era of Disruption report

*All fields required

Don’t worry, your phone number and personal data are kept confidential. We never sell, rent or pass on your details to a third party.

NOTE: We will never sell, rent or pass on your details to a third party.

Find out more about our complete end-to-end thought leadership service

Discover our proven five step process & avoid the complex multi party approach

  • Say something new & insightful
  • Use our extensive experience to inject real industry value
  • Get maximum engagement from our media networks
  • Develop an authoritative voice within UK retail
  • Be seen as an industry leader!

DISCOVER NOW

Pension customer journey and value framework

Understanding how people value pensions is critical to encouraging positive behavioural changes for retirement saving. It forms the basis of supporting optimal decision making and engagement throughout the pension customer journey, from accumulation through to drawdown.

Our research shows that the path to a comfortable retirement is shaped by the perceived value of pension saving which is underpinned by five key factors:

• Knowledge - understanding pensions and how they work
• Preparedness – access to the financial skills and resources that enable saving
• Motivation – desire and enthusiasm to save for retirement
• Conviction – perceived importance of saving for retirement and level of trust relating to pensions
• Risk – willingness to accept a degree of risk with pension savings

These five attributes can be broadly classified as either ‘function-driven’ or ‘emotion-driven’, as shown in the pension value  framework below (Fig 3).

However, they are also impacted by external factors such as life stage, education, economic shocks, government policy and many other factors. This means that there is also a set of condition-driven influences (structural and dynamic in nature), acting as a background stimulus component within the framework.

Figure 3: The UK Pension Landscape

Pension value framework retail economics

Source: Retail Economics, Nutmeg

 

The pensions customer journey encompasses the decisions consumers make along the way, and the various touchpoints on their path – from initially considering a pension, to receiving ongoing support from a provider once retired. Key decisions include: when to start saving, how much to save, which savings vehicle to use, how and when to seek pensions advice and access savings. Some consumer decisions are ‘conscious’ (e.g. making an active choice after seeking information), while other decisions are more ‘unconscious’ (e.g. remaining in a default fund).

In reality, the customer journey is not linear. It is shaped by a continuous trade-off between short-term and long-term aspirations. Life events such as buying a house, getting married/ divorced, or having children, often lead to unpredictable income and spending.

Although the underlying incentive to save is to be able to enjoy retirement by drawing a pension which will enable a similar lifestyle to that enjoyed during one’s working life, life events can stifle regular saving. In addition, pension saving is illiquid with a pay-off that can feel far into the distant future for people.

Given these factors, people’s attitudes and behaviours can often result in having saved less for their retirement than originally anticipated. Misplaced faith in alternative sources of income during retirement (e.g. housing assets, inheritance or the level of state pension) can lead to unexpected consequences.

 

Influence of affluence

Affluence appears to be a significant influence across both the emotional and functional plains of the pensions value framework. Our research shows a strong correlation between income and a rise in the perceived value of pension saving (Fig 4). As household incomes increase, the emotional and functional drivers that support saving for retirement also rise, reflected in higher pension uptake levels too.

Figure 4: Correlation between income and perceived value of pension saving

correlation between income and perceived value of pension saving

Source: Retail Economics, Nutmeg

 

Those on higher incomes are more knowledgeable about pensions, feel prepared for retirement, have the economic means, and are more comfortable with taking investment risks. Whereas the least affluent feel less confident making financial decisions, are more hard-pressed financially, but also demonstrate lower motivation and engagement with pension saving.

These factors manifest in low income individuals being three times more likely to be without any pension savings than the most affluent, according to the research.

Lower engagement across the least affluent is also likely to reflect a higher proportion of individuals who work across multiple jobs, with workers only eligible for auto-enrolment if earning above £10,000 per annum in a single job with... [extract]

Download your FREE copy of this report by completing the form at top of page... 

But even those that do meet the criteria, may see themselves as better off not saving for retirement, at least temporarily. Their current financial situation might be precarious, due to high debt levels or low income in which to cope with rising living costs. In fact, almost half (47%) of households earning below £11,000 per annum say they have ‘no money left over’ after paying for essentials, with almost one in five (18%) admitting borrowing money (e.g. bank loan, family, friends) to help cover everyday costs in the last six months due to the cost-ofliving crisis.

Among those without pension savings, the top three explanations were all related to financial concerns. The research found that:

• 35% (a staggering 5.3 million people in the UK) said that they do not have a pension because they “don’t have enough money to save into a pension”
• 30% said “I’m not working and my income is too low”
• And 24% said “I have too many bills or debts to pay”

Figure 5: Top five reasons people don't have a pension

Figure 5 top reasons people dont have a pension retail economics

Source: Retail Economics, Nutmeg

 

Opting out of a pension or reducing contributions represents an attractive option for struggling, low-income workers, at least temporarily, until they are in better financial
shape.
This takes on greater significance in the context of the cost-of-living crisis. With many low (and even middle-income) households struggling to afford essentials like food and energy, saving for retirement is likely to fall lower down in peoples’ priority lists.

 

Figure 6: Pension value attributes vary by income and life stage

Figure 6: Pension value attributes vary by income and life stage

Source: Retail Economics, Nutmeg

 

Pension personas

Broad demographic features such as age or income provide only limited insight about people’s approach to pensions and retirement planning. Ultimately, the pension customer journey is highly personalised and best understood through the lens of individual personas or mindsets.

Using cluster analysis (a statistical method to group datapoints based on common characteristics), five distinct pension personas emerge. These personas reflect shared attitudes and behaviours towards saving for retirement.

Consumers can also transition from one persona to another, depending on life stage, changes to their financial situation, and acquiring new skills/support.

Based on their level of functional and emotional pension value attributes, our research shows that UK consumers are aligned to one of the five pension personas below:

 

Retirement pension plan statistics - retail economics

Figure 7: The five types of UK pension personas

types of people who have pensions personas

Source: Retail Economics, Nutmeg

 

Moneymakers are highly motivated and knowledgeable with pensions and are on a strong path to achieving financial freedom in retirement. This cohort are significantly more comfortable taking risks with their investment decisions than other personas, deeming this to be necessary in their quest for maximum returns in the long-term. In fact, Moneymakers are four times more likely to say that they are ‘extremely comfortable’ taking risks with their pension (or financial investments) compared with the average.

The next type of personas is Procrastinators these people tend to.... 

Download your FREE copy of this report by completing the form at top of page... 

 

We hope you found this article interesting. For more insights and industry analysis be sure to connect with us.

 

About this report

This report produced by Retail Economics in partnership with Nutmeg looks at the state of pensions in the UK. It offers guidance for current and future retirees on the level of savings and income required for retirement. The research can also be used to support financial providers in helping them develop effective strategies, and to better engage clients. The research also presents a calculation for the shortfall between current pension pot values and the income needed for a comfortable retirement.

View All THOUGHT LEADERSHIP REPORTS

Other popular thought leadership reports

Online ecommerce customer loyalty and delivery Amazon Shipping and Retail Economics

Report

Customer loyalty begins at the doorstep: Enhancing relationships through delivery excellence

Discover how delivery can drive loyalty and boost satisfaction in ecommerce. Get the key insights now!
Recommerce used second-hand spending at Christmas retail economics

Report

Recommerce Christmas 2024: Measuring the impact of second-hand on retail spending behaviour

Explore the £2B second-hand Christmas boom in 2024 and discover the strategic insights you need this festive season
The Material Change Index DS Smith Retail Economics plastic packaging

Report

The Material Change Index: Unpacking the scale of plastic packaging and opportunities for change in European supermarkets

Download our groundbreaking study revealing how European supermarkets could eliminate 154 billion pieces of plastic packaging
Cost of Online returns retail economics

Report

The Cost of Serial Returners in 2024

Discover how £27bn in returns are eroding retail profits, and why just 11% of customers are responsible. Download the benchmark report
Children spending behaviour in retail consumer economics

Report

Tomorrow's Consumers: Exploring how and where children spend their money

Find out how & where children in the UK spend their money, having analysed 8 million card transactions of 6-17yrs
Retail Resilience business models report Retail Economics Barclays

Report

The Retail Resilience Report

Check out our Retail Resilience Framework to help assess your business model & retailers top risks & preparedness
Social media commerce economics tiktok

Report

The Power of Social Commerce: Building brands in the TikTok era

See how brands are leveraging social media & TikTok to enhance brand awareness & sales with entertainment and stories
Brexit to Breakthrough

Report

From Brexit to Breakthrough: UK Brands Embrace Marketplaces for Global Success

Explore how UK retailers adapt to Brexit by leveraging digital marketplaces for international growth and resilience
Basket Abandonment 2

Report

Battling Basket Abandonment Report: No Margin for Error in Zero Tolerance Era

Explore key strategies to combat the £34.4B impact of UK basket abandonment in 2024
Communication & Solving Consumer Pain

Report

Omnichannel Communication & Solving Consumer Pain Across The Customer Journey

Unlock 2024 UK retail insights: consumer trends, pain points, and strategic retail solutions in our detailed report
Impact of delivery lockers on UK retail

Report

Delivery Lockers: Unlocking the Final Mile

Explore the impact of delivery lockers on UK retail, consumer preferences, and sustainable urban logistics
Consumer and Retail Trends in 2024

Report

Taking Stock 2024 - UK Retail & Consumer Trends

Learn what 2024 holds in store for UK retail and consumers & discover key trends to look out for in 2024 and beyond.
Customer Affluence and the Wealth Effect - Retail Economics, beBettor

Report

Customer Affluence and the Wealth Effect: Strategies for Retail Growth

Find out how customer affluence insights can improve retail marketing strategy
Net Zero commitments of brands and retailers

Report

The Path to Net Zero - The future of the retail industry

This report evaluates net zero efforts of the top 200 retailers/brands with DTC operations in global markets.
Outlook for the UK Retail & Consumer Industry 2024 - Retail Economics

Report

Retail and Leisure Outlook Report 2024

Learn about the Outlook for UK Retail & Leisure in 2024: With insights to help businesses thrive in a complex landscape
Report about new customer journeys, the importance of omnichannel & the role of delivery/logistics - Retail Economics

Report

Ecommerce Delivery Benchmark Report 2024

Explore the intricacies of new customer journeys, the importance of omnichannel & the role of delivery/logistics.
The Psychology of Recommerce

Report

Second-Hand, First Choice: The Psychology of Recommerce

Discover key industry and consumer insights and strategies for businesses to implement as recommerce continues to evolve
The Cost of Retail Theft

Report

The Cost of Retail Crime: Financial Impacts & Mitigation Strategies

Discover the motivations behind employee retail theft and strategies to minimise theft within the workplace
Digital Wallets in Retail

Report

From Plastic to Pixels: Navigating Shifts in Consumer Payment Preferences

A look into the trajectory for digital wallets across UK retail, leisure & hospitality + strategic considerations
Peak Trading Season Report

Report

Peak Season Report 2023: Building a risk-resistant ecommerce strategy

Discover what Christmas 2023 has in store for retail and how consumer behaviours will affect it + strategies for success
New Age of Digital Transformation

Report

Retail at Inflection Point: A New age of Digital Transformation

Discover the impact of digital sophistication on financial indicators inc. sales growth, profitability & valuation
The cut back economy a widening crisis within the retail industry

Report

The Cut Back Economy 2023: A Widening Crisis

Part 2 of our Cut Back Economy series, this report identifies opportunities & risks to navigate the cut back economy
Consumer and Retail Trends in 2023

Report

Taking Stock - UK Retail & Consumer Trends

Learn what 2023 holds in store for UK retail and consumers & discover key trends to look out for in 2023 and beyond.
Top 10 European Retail Markets

Report

Top 10 European Retail Markets: In-store & Online Spending Data (2013-2022)

Data and Insights on the Top 10 European Retail Markets consolidated into one report
Personalisation Pays Reshaping Retail

Report

Personalisation Pays: How Data-Driven Strategies are Reshaping Retail

Discover how data-driven strategies are changing retail as we know it and how personalisation can help businesses thrive
The Bottled Water Industry

Report

An Economic and Environmental Case for Acting Against Bottled Water Packaging, Labelling and Marketing in the UK

Discover the economic and environmental case against bottled water packaging in the UK. Take a stand for a sustainable future.
Battling Basket Abandonment - GFS & Retail Economics

Report

Battling Basket Abandonment: Mastering Delivery Choice & Convenience

Discover more information about why consumers abandon their online shopping baskets and how to reduce these abandonments
Outlook for the UK Retail & Consumer Industry 2023 - Retail Economics

Report

Outlook for UK Retail & Consumer 2023

Learn about the Outlook for UK Retail & Consumer in 2023: Cost of living impact on consumer behaviour & retail brands.
The Future of Retail Property Preview Report - Retail Economics

Report

The Future of Retail Property

Check out the Future of Retail Property preview report. Full access available to Retail Property Members only.
40 future retail trends to 2030 - Retail Economics

Report

40 Future Retail Trends to 2030

Discover the top 40 retail trends shaping the future towards 2030: a great resource to help future-proof your business
Retail insight report on consumer shopping behaviour online vs. in-store

Report

UK Omnichannel Retail 2023: Understanding Consumer Segmentation for In-store & Online Markets

Find out where shoppers are spending: online vs. in-store for key retail categories + impact of age, income & workplace.
Report about the impact of inflation & changing consumer behaviour on the retail sector - Retail Economics

Report

Ecommerce Delivery Benchmark Report 2023: Impact of inflation & consumer behaviour on online retail

Learn about the impact of inflation & changing consumer behaviour on the retail sector: spot opportunities & challenges.
The Future of the EU Apparel Industry Business Models  Profitability Retail Economics

Report

The Future of the European Apparel Industry: Business Models & the Profitability Paradox

This report looks at the future of the apparel industry & how business models are adapting to profitability concerns.
Christmas 2022 Retail Sales: Holiday Shopping Trends Report - Retail Economics

Report

Christmas 2022 Retail Prospects: Holiday Shopping Trends Report

Christmas 2022 retail sales prospects? This report assesses performances across peak trading in ‘cost of living’ crisis.
Changing consumer and shopper values in retail

Report

Changing Consumer Values & Behaviour: Building a Competitive Proposition in Retail

Consumer behaviour across Europe is changing in response to industry disruption & the cost of living crisis - see how.
The cut back economy cost of living crisis retail economics

Report

The Cut Back Economy & Cost of Living Crisis

Explore the key drivers & impacts of the cost of living crisis on UK retail & what brands can do to mitigate its effects
The apparel market Five key trends to 2025

Report

The Apparel Market: Five Key Trends to 2025

Learn about the five key industry trends that will shape the apparel sector towards 2025 (clothing & footwear).
The Retail Experience Economy 2.0 report - How Consumers value experiences in times of crisis - Retail Economics

Report

The Retail Experience Economy 2.0

Find out how the experience economy is being impacted by the cost of living crisis & many other factors.
Top five strategies for retailers and brands to combat rising inflation and operating costs - Retail Economics report

Report

Top 5 strategies for retailers & brands to combat rising inflation & operating costs

Discover our top 5 strategies for retailers & brands to help combat rising inflation & operating costs.
The Big Squeeze Report pressure on consumer finances and rising inflation - Retail Economics

Report

The Big Squeeze: Pressure on consumer finances, rising inflation & money management

Discover the 4 financial personas of consumer spending & how rising inflation & household bills are impacting behaviour
Impact of the metaverse on the retail industry sector - Retail Economics

Report

Impact of the metaverse on the retail industry

Is the metaverse going to be the next big thing? Download our report to find out what retailers should be thinking about & how customer journeys could change.
Ecommerce Delivery Benchmark Report 2022 - Retail Economics - Metapack

Report

The Future of Online Delivery for the Retail Industry

Discover the impact of the ongoing shift to online retail within key European markets & how it's affecting consumer behaviour & retailer's operations.
Future of European Apparel Industry - Evolution of Stores - Retail Economics

Report

Future of European Apparel Industry: Evolution of Stores

See where the future of the European apparel industry is heading & how physical stores & their purpose is fast evolving.
Outlook for UK Retail & Consumer Industry 2022 - Retail Economics

Report

Outlook for the UK Retail & Consumer Industry 2022

Get your free Outlook for UK Retail 2022 report: economic outlook, forecasts, Covid-19 impacts, online, supply chains...
Covid-19 and the Future of UK takeaway industry - Retail Economics

Report

Covid-19 and the Future of Takeaway

This report looks into the valuable economic, social and cultural contribution made by the UK takeaway sector in 2020.
UK Food and Grocery Market Retail Trends to 2025 - Retail Economics

Report

The UK Grocery Market: Five Key Trends to 2025

This report explores five emerging retail trends in the Food & Grocery sector towards 2025 (consumer behaviour, online).
The True Cost of Online Retail - Retail Economics

Report

The True Cost of Online Retail

This research looks at the online retail channel & investigates the real operating costs & profit margins for retailers.
Outlook for UK Retail 2021 - Ten retail trends - Retail Economics

Report

Outlook for UK Retail and Leisure 2021

This report looks at challenges facing UK retail in 2021 in context of Covid-19 & other key structural changes unfolding.
Covid-19 and the Future of Retail Supply Chains - Retail Economics

Report

Covid-19 and the Future of Retail Supply Chains

This report explores retail supply chain networks & key disruptive factors: Covid-19, security, labour, technology, ESG etc.
Connected digital retail customer journey - Retail Economics

Report

The Connected Retail Customer Journey and Digitalisation

Explore the connected retail customer journey & the importance of digital as online engagement soars in this current era.
Retail Customer Journey Fashion Apparel Industry - Retail Economics

Report

Understanding the retail customer journey for the fashion industry

Discover insight into the retail fashion customer journey (stage 1) - consumers first interact with retailers & brands.
Brexit disruption Food & Grocery - Retail Economics

Report

Structural Changes for UK Food & Grocery Sector

In a pre-Covid era, this research report looks at consumer behaviour & the impact of Brexit on how consumers shop for Food.
Economic Outlook for UK Retail and Impact of Covid-19 - Retail Economics

Report

Economic Outlook for the UK Retail Industry and the Impact of Covid-19

Explore the outlook for the UK retail sector & 5 underlying trends that will reshape the industry from Covid-19 impacts.
Consumers and the New Normal - Exploring Covid-19 impact on EU retail

Report

Consumers and the New Normal: Exploring the impact of the coronavirus on European retail

What is the 'new normal' going to look like for retail in the EU? This report examines this in detail & offers insight.
Contribution of the UK takeaway market to the economy - Retail Economics

Report

The Contribution of the Takeaway Market to the UK Economy

How does the UK takeaway industry impact the UK economy? This report looks at the valuable economic & social contribution.
Retail Cash Crunch Impact of Covid-19 - Retail Economics

Report

The Retail Cash Crunch: The Impact of COVID-19 on Major Non-Food UK Retailers

How long can UK retailers' cash reserves last? This report looks at Covid-19 impacts, consumer behaviour & profit margins.
Whats happening to retail property?

Report

What's happening to Retail Property?

Exploring the contributing factors of how physical retail property is changing: rise of online, shopper behaviour & more.
Impact of Artificial Intelligence (AI) on the UK retail industry - Retail Economics

Report

The impact of AI on the UK retail industry

A look into how artificial intelligence (AI) is impacting the UK retail industry, at all stages of the customer journey.
Future of online retail in the UK  - Retail Economics

Report

The Digital Tipping Point: 2019 Retail Report

Unearths insights into causative forces driving digital customer journeys & reveals differences across consumer segments.
Impact of Covid-19 on UK retail industry - Retail Economics

Report

Impact of the Coronavirus on Retailers

This report explores the impact of the initial stages of Covid-19 on the UK retail & leisure industry back in March 2020.
Outlook for UK Retail 2020 - Retail Economics

Report

2020 UK Retail and Leisure Outlook

The outlook for the UK retail industry 2020 from a pre-Covid-19 perspective. Research, commentary & analysis of factors.
Outlook for UK retail 2019 - Retail Economics

Report

Retail Economics/RBS Outlook for UK Retail 2019

Find out what's in store for UK retail in 2019 & beyond. Discover current factors affecting retailer and consumer alike.
The Retail Experience Economy - The Behavioural Revolution - Retail Economics

Report

The Retail Experience Economy: The Behavioural Revolution

This work explores four realms of retail experiences that have been quantified & discusses their impact shopper behaviour.