Inside Retail

5 consumer priorities every retailer should know

13 Apr 2021
5 consumer priorities every retailer should know

From online shopping to changing product trends, there's no denying that the pandemic has caused a paradigm shift in the way consumers shop and what it is they're looking for. But whilst it's easy enough to see that there has been a change, unpacking exactly what that changes means for retail is a little more complicated. That's why we've done it for you, with 5 of the key consumer priorities that you should know about…

#1 Convenience

The rise of ecommerce has ushered in a new era of convenience culture where near-instant gratification is sought after. As many more shoppers have climbed aboard the online train during the pandemic, a new mentality has been formed within the post-pandemic population: the quicker and easier, the better. Since old habits die hard, the exponential growth in ecommerce and convenience shopping is something all retailers should be watching closely.

#2 Health and safety

After over a year of being in lockdown, it shouldn't come as a shock to hear that consumers are now more aware of health and safety than ever. We've all internalised messages of sanitation and hygiene, and that mentality will take a while to shift. For retailers, this means being explicit about exactly what you're doing to keep your shop and your products clean and safe.

#3 “Ins-perience”

As shoppers have spent more time in their homes, an almost agoraphobic mentality has built up and there is still a sense of unease about re-entering the world. Whilst the crisis has been abated in recent weeks, consumer mentality may take a while to catch up. We've seen a huge rise in demand for domestic entertainment, such as games, puzzles, crafts and at-home dining, and even with the economy opening back up, many consumers will still seek out those at-home experiences for the foreseeable future.

#4 Product availability

The pandemic has vastly changed what shoppers look for from brands and products. A survey carried out by Bazaarvoice found that whilst price and quality have remained in the top three consumer priorities, brand loyalty was displaced by availability during the pandemic, with shoppers more focused on getting the product rather than buying into the brand.

#5 Spend less, spend better

Value has always been a key consumer priority, but this has only been intensified by the pandemic. As many consumers have experienced job losses, pay cuts and new financial strains, the way value is perceived has changed. Of course, consumers will always want high quality products for lower prices, but there are some interesting shifts coming through in terms of what value means. Movements like Shop Local have intensified consumers' ties to their community and their desire to support their local economy. Meanwhile upped social media usage has deepened consumer conscience with many now looking for value in terms of social or environmental responsibility.

Don't forget, our sister show, Autumn Fair will be returning to the NEC Birmingham on 5-8 September 2021. Head to the Autumn Fair website to register your interest or apply for a stand. 


More from Spring Fair...

Loading
  • After the success at Autumn Fair over the past few years, our partnership with Theo Paphitis's #SBS Small Business Sunday initiative has extended to Spring Fair. Our Content Editor, Lina Vaz, talks with Theo Paphitis about how he selects the winners. The retail magnate and entrepreneur also advises on the best way to navigate current challenges and drive business growth, without neglecting ESG. 
  • Spring and Autumn Fair, the UK's leading marketplaces for wholesale Home, Gift and Fashion, has partnered with Products of Change to create a set of five whitepapers to assist retailers and brands with their journey to operating a more sustainable, ethical, and regenerative business as part of its Power of One® campaign.

  • Spring Fair, the UK's leading marketplace for wholesale Home, Gift and Fashion, closed on a high with buoyant feedback highlighting the variety and diversity of retailers in attendance creating a very optimistic outlook for the industry as international buyers and normality returns and cross-buying opportunities create newness and excitement on the show floor.

  • It was great to learn more about personal branding at Spring Fair with Kubi Springer. She is a planning specialist with over 25 years of brand marketing experience, having worked with many brands over the course of her career such as Beyonce, Nike, Rolls Royce, UBS, Vogue... Kubi is also business media personality who has appeared in several media including Forbes, Sunday Times, and The Guardian, and has a bi-monthly column in Harper's Bazaar magazine.
  • The second day of Spring Fair, the UK's leading marketplace for wholesale Home, Gift and Fashion, continued the high from day one with packed halls and busy stands with retailers including Next, Argos, Sainsbury, Tesco, Asda, Hello Fresh, Natural History Museum, TK Maxx, Funky Pigeon, John Lewis, Scribbler, Fenwick, Blue Diamond, Hallmark, Dobbies, Poundsaver, Quiz Clothing, Dunelm, Deichmann, Waterstones, WHSmith, Wowcher, Soletrader, Poundland, Paramount, HMV, Boots, QVC, V&A, Harvey Nichols, and many more independents in attendance.

  • The high street is going through a restructure, as the previous model of long commercial contracts is no longer fit for purpose. An interesting proposition is to open a pop-up shop for a limited period of time in a popular location, to test the market and drive brand awareness. Charley Crocker, Founder and Lead Agent of The Pop Up Shop Agents answers the most common questions about pop-up retail.

  • Jewellery & Watch (J&W), the UK's biggest returning jewellery showcase taking place at Moda, has announced the finalists of the inaugural New Jewels Bursary in collaboration with the National Association of Jewellers (NAJ), and sponsored by Curteis Creates, which will offer an up-and-coming jewellery designer access to invaluable advice and support.

  • Spring Fair, the UK's leading marketplace for wholesale Home, Gift and Fashion taking place at the NEC Birmingham from 5th – 8th February 2023, has announced it will host the Gift of the Year 2023 judging featuring the shortlisted products in a dedicated showcase and welcoming over 70 expert judges from across the industry during the four-day show.

522 Results

facebook  Instagram iconLinkedIn IconTwitter icon

 

Featured Articles

Related Content

BACK TO RETAIL NEWS
Loading