MRI Software's 12 days of insights are back and these have been derived from our latest Consumer Pulse report, which has been produced in partnership with Retail Economics. The report provides insights on channel preferences, retail destinations, workplace dynamics, and the outlook for 2025. It's been designed to help retail brands and supporting sectors to better understand the changes in consumer behaviour which underpins the demand for bricks and mortar retail. Travel plans are likely to have an impact on retail footfall, as we found out earlier this year when footfall dipped slightly during the summer as many people decided to holiday abroad. It's important for retailers to have sight of these trends so they can plan ahead. One in four shoppers anticipate travelling more in 2025, while 13% expect to travel less. The majority plan to travel the same amount, reflecting a mixed consumer sentiment. Nearly 38% of the most affluent households, those with an annual income of over ��70,000, plan to increase their travel, highlighting strong financial confidence, while only 9% of the least affluent expect the same. Younger shoppers under the age of 35 show the greatest optimism, with 38% planning to increase travel, likely driven by a desire to prioritise experiences. However, 55% of senior adults those over 55 plan to reduce or forgo travel, reflecting concerns over cost pressures and a shift towards more conservative spending habit. Don't forget you can subscribe here for the latest insights, news and benchmarks. The latest UK Consumer Polls report will be available to download by the end of this year and contains the full, detailed findings of our recent consumer survey in partnership with Retail Economics.
