Increased overheads and decreased customer spending has led to a drop in profit confidence compared to last year – but retailers are focusing their time, efforts and energies on how to grow their profits. With 71% of retailers reviewing their product ranges at least quarterly, if the opportunities are out there, retailers will find them. Vaping is a big issue, but while 18% see any potential legislation as a threat, 12% see it as an opportunity – so the best retailers are looking at ways to win amid the many pressures they face.


of retailers are worried about rising costs over the next year


of stores are looking at adding new categories this year


fewer retailers are using own-label to drive sales than in 2023

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