Latest news with #shoppinghabits
BBC News
2 days ago
- Business
- BBC News
Food bills on course to rise by £275 as prices jump
The average household spend on food and drink is on course to rise by £275 this year as the price of groceries gathers pace. Over the past month, food prices have risen by 5.4% at the same time as consumers' concerns about the cost of shopping has accelerated, according to market research firm said people are changing their shopping habits to buying supermarkets' own-brand products, which are sometimes cheaper, as well as preparing simpler and lower cost meals at home. The increase in prices over the last four weeks is the highest since the beginning of 2024. On average, UK households spend around £5,283 for a year on groceries but this could increase by £275 unless people change what they McKevitt, head of retail and consumer insight at Worldpanel, formerly known as Kantar, said current food inflation brought to mind the sort of prices people were paying in supermarkets after Russia's full-scale invasion of Ukraine in early cost of energy and commodities soared before easing in 2023. But Mr McKevitt said: "We're back up on that rollercoaster."Chocolate, butter and spreads as well as fresh meat recorded the sharpest rises in the four weeks to 17 July, according to the company, which monitors prices on 75,000 identical the same time, the cost of dog food, sugar confectionery and laundry dropped. Mr McKevitt said most people have options when it comes to managing food costs such as buying more own-brands goods from supermarkets, looking for promotions or going to cheaper shops. But Worldpanel said that around a fifth of households in the UK are "struggling" with grocery bills, with some of those in a situation where they can not cut food costs any research firm, which follows the shopping habits of 30,000 households across the UK, said people are making simpler evening meals when trying to save money."Almost seven in 10 dinner plates include fewer than six components," said Worldpanel.
CTV News
4 days ago
- Business
- CTV News
CTV National News: New report finds grocery prices rise faster than inflation
Watch As food costs keep climbing, Canadians are adjusting their shopping habits. CTV's Josh Marano breaks down the latest report.
Forbes
11-07-2025
- Business
- Forbes
Shopping Is Increasingly About Values, Not Value: Can You Keep Up?
Dax Dasilva is the CEO of Lightspeed Commerce. It's no secret that tariffs have a lot of people rethinking the way they shop. In my own backyard in Canada, my company found that nine out of 10 consumers are changing their shopping habits or plan to. While prices are a factor, there's also something deeper here. More shoppers are realizing that where and how they spend their money matters, and they are therefore being more intentional about their purchases. I'm not talking about simple bargain shopping or deal-hunting. What we're seeing is quite distinct: a focus on "values" more than simply "value." People across the socioeconomic spectrum have become acutely aware of the larger impact of their dollars and are making decisions accordingly. In fact, in a recent survey of 1,000 shoppers, nearly half said that values will play a bigger role in their spending going forward. For retailers, "valuespending" poses a challenge. How do you help people shop intentionally in a way that's both meaningful for them and practical for your business? Here's a look at what values-based commerce really is—and how retailers are putting it at the forefront. What Is Values-Based Commerce? Being intentional or values-oriented can mean very different things to different shoppers. As consumers buy with intention, their values span many different ideologies and ideals. One shopper might focus on purchasing ethically, prompted by concerns about forced labor and climate change. Another might feel strongly about supporting local businesses, as we saw during the pandemic and now with the "buy local" movement. For yet another consumer, health may be the main driver for being more intentional about what they buy. Of course, several ideals may come into play at once. For example, someone could support a local maker of organic beauty products that sources its ingredients ethically. It's also important to remember that in response to events, consumers can shift from prioritizing one set of values to focusing on another. Take the backlash against Tesla, whose role as a champion of eco-friendly vehicles has been largely overshadowed by alarm concerning CEO Elon Musk's political activism. While it may be easy to assume that this type of consumerism is limited to the more modern generations, it's not just Gen Z who are shifting how they shop. My company's survey found that more than 90% of all consumers now believe they are intentional with their purchases, and fully one-third are already spending in line with their values. Certain retail sectors are at the vanguard of valuespending, in particular, beauty, fashion and food. And in many ways, small, independent retailers exemplify the movement. Because they're so close to their customers, these businesses are in a strong position to grasp and respond to people's values. So, how can companies adapt to increasingly conscious consumers and meet them on their own terms? Is there a right way to cater to one set of values without alienating another? And how do you avoid chasing the latest trend or betraying your own brand identity? Start With Understanding Your 'Why' People can spot inauthenticity a mile away, and consumer trust is hard to earn and easy to lose. To win shoppers over and keep them coming back, retailers need to understand why they're embracing a specific set of values. Ideally, it maps onto some element of your identity or mission. For example, Patagonia's core values include quality, integrity, environmentalism and justice—all of which speak to customers' ideals. Footwear brand Allbirds has made sustainability more than lip service, releasing what it claims to be the first net-zero shoe that doesn't rely on carbon offsets. Speaking of lip service: Avoid greenwashing, which can be a deal-breaker for conscious consumers. In fact, roughly seven out of 10 people say they shun companies accused of making false statements about protecting the climate. Lean Into What You Sell And Where You Source It From For any retailer who's serious about valuespending, the real test is the products they sell and where they come from. Increasingly, consumers are shunning goods whose provenance clashes with their values. A great example is the backlash against fast-fashion trends offered by retailers like Temu and Shein. Shoppers were already feeling a bit of collective guilt about fast fashion, which is linked to unethical labor practices and has a huge environmental impact. Add on tariffs, and that throwaway T-shirt or jacket starts to look much less attractive. This is where revisiting your sourcing and supply chain comes into play. By sourcing products that align with the latest consumer values and trends, retailers can set themselves apart. New digital tools are helping smaller players level up their sourcing. These let independent businesses choose from different suppliers as consumer demands change. Depending on what values their customers espouse, that could be a grower of organic cotton halfway across the globe or a local furniture maker. Look At How You Market And Merchandise Your Products The next step for retailers is to present their goods in a way that helps shoppers make intentional choices about what they buy. Putting product information front and center matters—especially to conscious consumers, who want to know where something comes from and how it was made. New technology is making it easier for retailers to offer a holistic picture in creative ways, both online and off. For example, Lush has made product info accessible while also cutting down on waste. Using Lush Lens in the cosmetics retailer's app, shoppers scan a packaging-free product to get its description, price and ingredients, plus a video showing how it's used. Meanwhile, new scanning tools let salespeople provide product details to shoppers by whipping out a handheld device. As values-based commerce reshapes how people shop, retailers that get on board now can improve their odds of sticking around for the long haul. Making the shift means being intentional themselves—by asking why they're in business, being transparent with customers, and taking a hard look at what, where and how they sell. With valuespending on the rise, chances are those efforts won't go unnoticed. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
The Guardian
29-05-2025
- Business
- The Guardian
Tell us: have cyber attacks affected your shopping habits?
Retailers Harrods, Marks & Spencer, Co-op, and most recently Adidas have all been hit by cyber attacks in recent weeks. Adidas disclosed on Tuesday that customers' personal information had been stolen. We would like to hear from people who have changed the way they shop in light of incidents such as these. How have cyber attacks affected your shopping habits? Do you choose to shop on the high street more often instead? Do you think differently about sharing your personal data online? Let us know below. You can tell us how cyber attacks have affected your shopping habits using this form. Please include as much detail as possible. Please include as much detail as possible. Please note, the maximum file size is 5.7 MB. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. If you include other people's names please ask them first. Contact us on WhatsApp or Signal at +447766780300. For more information, please see our guidance on contacting us via WhatsApp, For true anonymity please use our SecureDrop service instead.
