Logo

  • Incorporating:
  • EDelivery Expo

Welcome to IRX

the UK's #1 digital retail show

  1. ACQUIRE
  2. CONVERT
  3. FULFIL
  4. REPEAT

IRX News Hub

InternetRetailing Expo IRX

Retailers braced for booming online sales this Valentine's day

14-Feb-2018

This article was originally published by Paul Skeldon on internetretailing.net.

Some 40% of UK shoppers are planning to celebrate Valentine’s Day this year, and 39% say that they are going to spend more than they did last year, according to New Valentine’s Day research by Savvy.

A majority (70%) of UK consumers perceive Valentine’s Day to be a special occasion, and 62% are in fact, looking forward to this special day, therefore 62% report to not mind spending more money to make it more exceptional.

The report’s analysis reveals that the estimated value for Valentine’s Day to the retail sector will reach £726m for 2017, up £39m from last year. More than a half (56%) of the UK shoppers report that they will be going online to buy gifts for their loved ones, which is an increase to 70% amongst 18-34 year-olds.

When it comes to Valentine’s Day gift preferences, women in the UK say that the most perfect present would be flowers (30%), followed by a card from a shop and a meal at the restaurant, both scoring 28% apiece. On the other hand, men in the UK admit that the way to their heart is through stomach, with 26% most hoping to receive chocolate this year, closely followed by a meal at a restaurant (24%) and then, a shop-bought card (23%).

“With consumer confidence shaky and grocery volumes stagnant, retailers will be pleased to see that shoppers plan to spend more this Valentine’s Day, giving the retail events calendar a solid start to the year,” says Alastair Lockhart, insight director at Savvy.

“While shoppers are cautious in their spending, our broader research shows they have a desire to make the most of events. At the same time, retailers across the board continue to increase their focus on calendar events. While discounters, from Aldi to B&M see events as drivers of incremental sales, the big four are using events as part of their strategies to differentiate.”

Add a Comment






Recent Comments

No Recent Comments
Loading
5,000

Attendees

150

Exhibitors

100

Speakers

100

Content Hours

2020 speakers coming soon

Watch this space!

 

  • There are so many innovative companies, so much variation, great content and the speakers are talking about relevant business problems.
    Stuart Eames, Retail Innovation Lead
    Waitrose & Partners
  • The most exciting thing I’ve seen at IRX this year are the new products, new plugins and tools that are now becoming available that perhaps we’d never considered before.
    Agata Styczen, Senior Online Merchandising Manager
    O2 (Telefónica UK)
  • It’s interesting to know what’s happening in the industry… There’s a friendly atmosphere, a number of keynote speakers, a number of theatres so a lot of opportunities to engage and talk to people.
    Munish Khurmi IT Delivery Manager
    Halfords
  • You can talk to different retailers, visitors and you can share knowledge with them. It’s worth coming to IRX.
    Muhammed Aslam, Finance Manager
    Kiddies Kingdom
  • It’s really important to be here to really understand what’s going to be our next challenge.
    Carlos Larraz, Co-Founder & CEO
    Funidelia

 

Location

Hall 2
The NEC Birmingham

Information

Clarion LogoIRX is organised by Internet Retailing Events, registered in England and Wales, Company Number 07081797, VAT No. GB 843845601 

Registered Office: Bedford House, 69-79 Fulham High Street, London, SW6 3JW, United Kingdom

Internet Retailing Events are a subsidiary of Clarion Events Limited.