Submitted by: Submitted by ShrikantM
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Category: Business and Industry
Date Submitted: 02/01/2016 03:21 AM
Researchmoz added Most up-to-date research on "How Britain Shops for Health & Beauty - Consumer Report" to its huge collection of research reports.
21.6% of health & beauty shoppers are aged 65+; however, health & beauty penetration among 65+s is the second lowest after the 1624 age group, at 65.5% compared to 3544s at 70.4% the highest of all age groups. Retailers must drive more regular spend from mature shoppers, with 55+s conducting a health & beauty shop once every few months, compared to 2534s and 3544s who shop more often.
Key Findings
Use retailer ratings across eight key metrics to benchmark the performance of retailers in the health & beauty market
Identify what factors health & beauty shoppers find important, and how well retailers satisfy the expectations of their shoppers
Understand what channels shoppers are using to make purchases and see how this varies across regions and demographics to improve customer targeting
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Synopsis
25.2% of health & beauty shoppers feel better off in 2015 compared to last year, and as a result 26.8% feel they are spending more. This has enabled health & beauty retailers to premiumise their offers, as willingness to spend is increasing and shoppers are becoming more easily encouraged to buy into newness of non-essentials more regularly.
Only 47.3% of Superdrugs visitors are frequent shoppers, causing its shopping around score to be high compared to rivals Tesco, Boots, and Asda. Superdrug needs to invest in new creative products to stand out among its value and midmarket competitors and drive additional spend from experimental shoppers.
52.4% of shoppers visit Boots for health & beauty products, a 24.1 percentage point lead ahead of the second most visited retailer, Tesco. However, when looking at frequent shoppers, Tesco outshines, with 63.5% of consumers shopping frequently with the grocer compared to...