What's Inside

The Coresight Research Retail 2024 series of reports looks ahead to the prospects for retail in 2024, exploring key trends by geography (namely, the US, the UK, China and India) and sector. We will also discuss trends in healthcare and technology.

In this report, we present five forces and five trends that will shape UK retailing in 2024, which Coresight Research expects to be a year of transition for consumers and retailers in the UK.

Data in this research report include:

• UK real retail sales growth, retail inflation and overall (CPIH) inflation, Jan–Nov 2023
• UK Bank rate, 2018–2024
• The proportions of UK consumers undertaking selected strategies due to increases in the cost of living, based on proprietary survey data
• UK grocery market share breakdown by retailer
• Top fashion retailers used by UK 18–27-year-olds in the prior 12 months, based on proprietary survey data

Companies mentioned in this report are: Aldi, Boohoo, H&M, Lidl, Marks & Spencer, Next, Ocado, Primark, The TJX Companies, Sainsbury’s, Shein, Tesco

Other relevant research:

• Retail 2024 Sector Outlooks: Ebook
• Holiday 2023: UK Retail Outlook—An Inflection Point?