Retail Economics on LinkedIn: How is Wealth Different Across Households? (2024)

Retail Economics

8,862 followers

  • Report this post

Wealth looks different across households... ➡ Swipe through this post to see how🚗 For those in lower-affluence households, a significant 90% of wealth is held in physical assets. 🏚 Moving up the affluence scale, property dominates, accounting for 53% of wealth in middle-affluence households. 👵🏼 At the top, for the most affluent, private pensions comprise 52% of wealth.These insights don’t just narrate a tale of disparity; they tell us where opportunities lie for tailored financial strategies and services.For a closer look at household net worth by source and to understand how this impacts your business, download our, "Customer Affluence and the Wealth Effect," in partnership with beBettor.🔗 Download your FREE copy here: https://lnkd.in/e-YGEykX#HouseholdWealth #MarketInsights #AffluenceData #EconomicAnalysis #RetailEconomics #beBettor #Retailinsight #Retail #WealthEffect #Retail #Wealth #Insight

12

Like Comment

To view or add a comment, sign in

More Relevant Posts

  • Retail Economics

    8,862 followers

    • Report this post

    Join Richard Lim at the CX Retail Symposium for his Closing Keynote Session!Richard will be hosting the inaugural CX Retail Symposium Closing Keynote Session, where he will discuss how businesses can navigate omnichannel complexity - certainly not a session to be missed! 📅 Event Date: Thursday, 16th May🗺 Venue: The IET - Savoy Place, London⌚ Keynote Time: 4pm✍🏼 Keynote Title: Navigating Through Omnichannel Complexity Hosted by the Customer Experience Foundation and Keith Gait MBA CCXP and set in the heart of London on the banks of the River Thames, this event is the perfect platform for industry leaders, innovators, and influencers to connect, collaborate, and shape the future of customer experience in retail.Seats are going fast, don't miss this opportunity!🔗 Register for FREE here: https://lnkd.in/exwi7Ue3#RetailShow #Retail #Speaker #RetailEvent #RetailInsight #RetailEconomics #CXFO #Keynote #RetailSymposium #FreeEvent #CXRetailSymposium24 #ClosingKeynote

    • Retail Economics on LinkedIn: How is Wealth Different Across Households? (5)

    4

    Like Comment

    To view or add a comment, sign in

  • Retail Economics

    8,862 followers

    Our Senior Consultant Nicholas Found was named one of LinkedIn's top voices this week, and not without good reason!Nick has over a decade of experience in retail and consumer markets. He's shared his insights in major publications, on radio stations like the BBC and Jazz FM, and presented on TVHis work on LinkedIn aims to provide useful, exclusive and timely content about the retail industry, helping to connect and engage with other professionals👏 Congratulations Nick! All your hard work is recognised and you truly do deserve that blue badge! ⬇ Follow Nick below #Retail #ConsumerInsights #LinkedInTopVoices #ThankYou #Award #RetailInsight #TopVoice #RetailEconomics #Congratulations #Insights #RetailExpert

    4

    Like Comment

    To view or add a comment, sign in

  • Retail Economics

    8,862 followers

    • Report this post

    What’s been happening in retail this week?·TALA entered its first physical retail partnership with Selfridges from 10 May across all four Selfridges locations.·JD Sports Fashion opened its first store in the Middle East at Bahrain’s Marassi Galleria Mall in collaboration with global retail partner GMG, spanning 5,422 sq ft.·Morrisons acquired 38 convenience stores from SandpiperCI on the Channel Islands, including shops already branded as Morrisons Daily. The stores, which reported a turnover of £124.5m last year, were part of a franchise agreement since 2018. The deal's terms were not disclosed, but approximately 520 SandpiperCI employees will transfer to Morrisons. ·Asda launched LS Eleven Media Services in collaboration with SMG, utilising first-party customer data from Asda Rewards for enhanced retail media campaigns.·Frasers Group announced a partnership with developer AND Digital, innovation specialist Valtech and agency Lab Digital to overhaul its digital infrastructure across brands, enhance operational efficiencies and online experiences. The platform will feature hyper-personalisation and improved product discoverability.·Currys plc is partnering with Accenture and Microsoft to deliver its core cloud infrastructure and leverage the latest AI technologies. It aims to enhance operations, elevate the shopping experience and improve experiences for colleagues.·Amazon announced plans to build a £500m robotic warehouse in Northampton, projected to be fully operational by 2026. The facility, featuring three floors of robotics technology for stowing and picking customer orders, will initially create 1,400 jobs, ranging from engineers to HR, finance and IT staff.·Zalando confirmed its full-year guidance for 2024, expecting revenue and gross merchandise volume to rise between 0% and 5% YoY, with adjusted EBIT projected between €380m (£326m) and €450m (£386m). The retailer reported a first quarter adjusted EBIT of €28.3m (£24.3m) and a 1.3% increase in gross merchandise volume to €3.3bn (£2.8bn). Revenue reached €2.2bn (£1.9bn), down from €2.3bn (£2.0bn) in the previous year. ·boohoo reported group sales declined 17% YoY to £1.4bn in the year to 29 February, driven by “difficult market conditions”. The fashion retailer's pre-tax losses widened to £159.9m in the period from £90.7m last year, with gross profit falling 16% to £756m. UK sales declined by 16% to £921m, impacted by the macroeconomic environment, price investments, and changes in the sales mix due to the expansion of the Debenhams marketplace. This is just a selection of news this week. Sign up below for more insight ⬇️https://lnkd.in/d-z25aM

    • Retail Economics on LinkedIn: How is Wealth Different Across Households? (10)

    44

    Like Comment

    To view or add a comment, sign in

  • Retail Economics

    8,862 followers

    • Report this post

    📚 Explore 5 insights aboutWHSmith!WHSmith is one of the UKs oldest retailers, founded in 1792 starting out as a news vendor, selling newspapers, magazines, and books. Over time, WHSmith expanded its offerings to include stationery, books, entertainment products, and more.Delve into the story of WHSmith and uncover some fascinating facts and revelations.🔎 Discover five of these intriguing insights below...Have more WHSmith facts to add? Share them in the comments below 💬#WHSmithHistory #RetailLegacy #BritishInstitutions #BookishWonders #RetailFacts #RetailHeritage #WHSmithDiscoveries #HistoricRetail #WHSmithGems #RetailRevelations #WHSmith #Retail

    34

    Like Comment

    To view or add a comment, sign in

    • Report this post

    Our CEO, Richard Lim was on BBC Radio 4’s Toast podcast discussing Mothercare’s unfortunate demise 🎙️See more details below ⬇️#Mothercare #BBCRadio #Podcast #Featured #Retail #RetailInsight #CEO #BBC #Radio #RetailEconomics #BBCRadio4

    4

    Like Comment

    To view or add a comment, sign in

  • Retail Economics

    8,862 followers

    • Report this post

    Just one week until the CX Retail Symposium, and our CEO, Richard Lim is not only presenting the closing keynote session but also hosting a panel session!Richard will be joined by Lara Hanrahan, Sara Cohen and Chandni B. where they will discuss how businesses can navigate new frontiers in customer experience and tech 📅 Event Date: Thursday, 16th May🗺 Venue: The IET - Savoy Place, London⌚ Panel Time: 3:30pm✍🏼 Panel Title: Transforming Luxury Retail - Navigating New Frontiers in Customer Experience and TechnologyHosted by the Customer Experience Foundation and Keith Gait MBA CCXP and set in the heart of London on the banks of the River Thames, this event is the perfect platform for industry leaders, innovators, and influencers to connect, collaborate, and shape the future of customer experience in retail.Seats are limited, register now so you don't miss this opportunity!🔗 Register for FREE here: https://lnkd.in/exwi7Ue3#RetailShow #Retail #Speaker #RetailEvent #RetailInsight #RetailEconomics #CXFO #Panel #RetailSymposium #FreeEvent #PanelSession #CXRetailSymposium24

    • Retail Economics on LinkedIn: How is Wealth Different Across Households? (20)

    11

    Like Comment

    To view or add a comment, sign in

  • Retail Economics

    8,862 followers

    • Report this post

    🔄 Redefining Retail: Unlock the Potential of RecommerceIn an era where sustainability meets innovation, the recommerce sector is leading the way in creating eco-conscious consumer experiences. Our report, produced in partnership with MPB; "Second-Hand, First Choice: The Psychology of Recommerce" delves into the psychology driving the booming recommerce market🔍 Key Insights:👍🏼 Consumer Trust: By integrating advanced technologies like AI, blockchain, and smart sensors, we're enhancing authenticity and buyer confidence. It's not just about buying and selling; it's about maintaining robust consumer relationships and trust.💻 Technology at the Forefront: From AI and VR to smart stickers, technology is revolutionising how we buy, sell, and trust in the recommerce ecosystem.⚙ Personalisation and Engagement: By leveraging consumer data, recommerce platforms are delivering personalised experiences that resonate on a deeper level, encouraging more meaningful interactions and repeated engagement.Interested in how these dynamics are reshaping the retail landscape? 🔗 Click the link to download your FREE copy of the report: https://lnkd.in/d6fB7CXWJoin the discussion! How do you see technology shaping the future of recommerce?#Recommerce #Sustainability #RetailInnovation #ConsumerTrust #FutureOfRetail #Sustainable #RecommerceRetail #RetailInsight #Retail #Insight #RetailEconomics

    3

    Like Comment

    To view or add a comment, sign in

  • Retail Economics

    8,862 followers

    • Report this post

    What happened to retail stocks last week? 📈Dr. Martens plc (11.3%) rose to the top of the performance table due to improved investor sentiment.Card Factory (4.3%) stock rose after reporting a surge in both sales and profits in the year to 31 January. Sales rose by 10.3% to £510.9 million while profit before tax increased 25% to £65.6 million, boosted by strong trading in stores. The card specialist noted it was on course to hit its target of £650 million worth of sales and a 14% profit margin by 2027. Trading was also said to be in line with expectations so far this year. Elsewhere, Superdry (-5.1%) remained rooted to the bottom of our performance table albeit demonstrating a smaller decline than seen in recent weeks.JD Sports Fashion's (-3.7%) share price fell back just over a week on from news of its proposed $1.1bn acquisition of American apparel retailer Hibbett. Barclays said the purchase has the potential to increase risk and they were unsure if JD Sports would be able to meet expectations. Resultantly, Barclays downgraded its shares to 'equalweight' from 'overweight'.

    • Retail Economics on LinkedIn: How is Wealth Different Across Households? (26)

    25

    1 Comment

    Like Comment

    To view or add a comment, sign in

  • Retail Economics

    8,862 followers

    • Report this post

    🚀 Free Webinar Alert - Outlook for 2024 & Beyond: Retail Prospects & Shifts in Consumer Affluence 🚀Join our live webinar with Richard Lim, CEO of Retail Economics, and Harry Cott, CEO of beBettor, as they share insights on the future of retail as we approach 2025.📅 Date: June 4th⏰ Time: 12pm - 12:45pmKey Topics:Consumer Spending: What’s next?Interest Rates: Their impact on retail.Inflation and Recovery: Managing spending power.Housing Market: Insights into its robustness.Retail Sales Forecasts: Prepare for what's coming.Consumer Affluence Scoring: Uncover hidden spending potential.This is your chance to gain valuable insights and identify opportunities for late 2024 and beyond!Free Registration!Join us to stay ahead in the retail game.🔗 Sign Up Here: https://lnkd.in/deKtSbSaDownload Our Report, produced in partnership with beBettor 📊"Customer Affluence and the Wealth Effect: Strategies for Retail Growth."🔗 https://lnkd.in/e-YGEykX#RetailInsights #RetailTrends #ConsumerSpending #InflationImpact #InterestRates #RetailEconomics #Webinar #RetailStrategy #RetailWebinar #MarketForecast

    • Retail Economics on LinkedIn: How is Wealth Different Across Households? (30)

    13

    Like Comment

    To view or add a comment, sign in

Retail Economics on LinkedIn: How is Wealth Different Across Households? (32)

Retail Economics on LinkedIn: How is Wealth Different Across Households? (33)

8,862 followers

View Profile

Follow

More from this author

  • Delivering Satisfaction: How Shopper Missions Shape E-Commerce Delivery Priorities Retail Economics 8mo
  • The Changing Landscape of Consumer Loyalty in Retail Retail Economics 8mo
  • Sustainable Practices in Consumer-Facing Industries: Driving Change and Navigating Challenges Retail Economics 9mo

Explore topics

  • Sales
  • Marketing
  • Business Administration
  • HR Management
  • Content Management
  • Engineering
  • Soft Skills
  • See All
Retail Economics on LinkedIn: How is Wealth Different Across Households? (2024)
Top Articles
Latest Posts
Article information

Author: Kelle Weber

Last Updated:

Views: 6190

Rating: 4.2 / 5 (73 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Kelle Weber

Birthday: 2000-08-05

Address: 6796 Juan Square, Markfort, MN 58988

Phone: +8215934114615

Job: Hospitality Director

Hobby: tabletop games, Foreign language learning, Leather crafting, Horseback riding, Swimming, Knapping, Handball

Introduction: My name is Kelle Weber, I am a magnificent, enchanting, fair, joyous, light, determined, joyous person who loves writing and wants to share my knowledge and understanding with you.