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Where are we spending our shopping budget?
The items with the highest revenue
The worldwide revenue of different retail items shows that women’s clothing is the biggest earner for the retail industry.
In 2019, it’s predicted that £520 billion will be spent on women’s clothing, while men’s clothing will earn the industry £364 billion. With shoes now a big fashion statement, it’s not surprising that footwear is predicted to bring in the third-largest amount of revenue, with £338 billion to be spent worldwide. Further down, underwear and hosiery are also big earners, with a combined £401 billion revenue. Our graph finds that luxury items, although being more expensive as items individually, bring in less revenue overall.
Online shopping marks a huge diversion from traditional in-store shopping, making buying new goods as easy as a few clicks. Taking less than a few minutes, you can have goods delivered to your doorstep by the end of the week. And if what you’ve ordered doesn’t match your expectations, most online stores offer free returns.
Leading shopping apps in the UK
In April 2018, the most popular iPhone shopping app in the UK was eBay. eBay had 1.3 million daily active users, which was 62% greater than the next biggest app, Amazon. The graph below shows the most popular iPhone apps in the largest font. Depop, a second-hand retail app, was the tenth most popular in terms of the number of daily active users in April 2018.
The most popular types of delivery for online shopping
Home delivery is the most popular delivery option for those shopping online, with 85% of respondents reporting to using this method. 62% of people also collect their orders in store.
Shopping centres offer a great alternative to high streets if you are looking to do a quick shop for a number of items. Despite this, in 2018, the vacancy rate for stores in shopping centres was 2% higher (reaching 13%) than it was in high street stores.
- In 2017, the leading fashion and accessories brand in UK shopping centres was New Look.
- In 2019, the market value of the largest-earning Intu Group shopping centre in the UK, Trafford Centre, was £1.9 billion.
- The annual retail sales for the London and Stratford City Westfield shopping centres in 2018 was £1 billion and £1.2 billion, respectively.
The biggest shopping centres in the UK
Intu Group is a British real estate investment trust specialising in shopping centre development. In June 2018, the largest shopping centre in the UK was Intu Metrocentre in Gateshead, which is 190,000 square metres – the size of Grand Central Station.
Shopping on the high street
With the vacancy rate of high streets shops being the lowest at only 11% of retail stores for the past five years, high streets are clearly still as popular for everyday local shopping. With this in mind, which high street stores are our favourites?
The top 10 high street retailers by customer satisfaction
How consumers feel about their high streets in 2018
The graph below shows that 74% of consumers are concerned about their high streets. The biggest concern (shared by 70% of respondents) is with high street shops closing. Following this, 58% of people feel their high street needs more and better shops.
Local Data Company
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