NEW BUYERS ADDED TO MEET THE GA’s BUYER EVENT!

Meet The Buyer Image 2

The Giftware Association’s next ‘Meet The Buyer’ day, has attracted attention from both buyers and suppliers with two new buyers to be added to the lineup. Brookfield’s Garden Centre and online shopping store Scotts and Co.

The Giftware Association has been hosting ‘Meet The Buyer’ events for its members and non-members, as a practical, stress-free way to meet buyers on a one to one basis without the expense of a trade show. The event to be held on the 17th October will enable suppliers to meet face to face with buyers from The National Gallery, Not On the High Street, Ocado and Choice Marketing.

Simone Rose, Business Development Manager said ” I am so pleased that we have some great names for this Meet The Buyer event. Over the year we have built up our buying contacts and put on a  few of these events where we have learned from each one to make the next one bigger and better, and I’m looking forward to the response to this one as the previous events have been very successful for our supplier members and this is a strong line up”

The event will comprise of set meetings with buyers allowing time for attendees to showcase their products Past events have seen gifts from across the home and gift world, from cards, wrap and stationery,  toys and children’s gifts through to food and drink,design-ledd products, handy gadgets and scented candle. There is something from all across the home and gift sector and we would love for you to meet the buyers and senior decision makers from top stores.

To find out more please contact Simone at simone.rose@ga-uk.org

 

THE GIFT SHOW 2017

The Gift Show 5

After a successful first run last year, from the 2nd – 6th of October, WIDDOP and Co will be hosting their annual gift show in their north Manchester Showrooms. Selecting products in the run up to Christmas, it is key you can ensure your store is stocked up with the most desirable stocking fillers for the festive season; WIDDOP and Co’s annual gift show takes the stress out of stressful Christmas shopping.

 

There will be show only promotions across the ranges as well as tips and ideas on simple ways to create eye-catching gift displays. With a special focus on their Men’s and Ladies’ giftware, including their brilliant licences Rosanna and Studio Oh!, and their hit making Musicology range, WIDDOP and Co. aim to demonstrate gift giving can be more exciting than a boring pair of socks. As an added bonus, all of their remaining Christmas 2017 range will be half price from the beginning of October, an excellent time to top up on your Christmas stock at a reduced price!

 

To book your place at The Gift Show, call WIDDOP and Co sales office on 0161 688 1226.

DECLINE IN HIGH STREET SHOPPING

Shopping Decline

According to BBC news reports, the UK economy has grown 0.3% at the start of the year, its slowest growth yet since the first three months of 2016. Should this be worrying for our members?

Economists have predicted growth to slow down as consumers tighten their belts in the face of rising inflation, but had hoped for figures higher than from last week’s reports, even though these results are an estimate from  The Office for National Statistics and could be revised in the coming months with more accurate numbers.  Chris Williamson, Chief Economist, HIS Markit said “ The message is clear: The start of the year saw the weakest pace of growth for a year as rising prices have started to hit household spending.

Consumers have been suffering from the cause of inflation from the beginning of 2017. With inflation sitting at its joint highest level for more than three years at 2.3% in March. This has led to less of a household spending power and has in turn led to weaker retail sales, which recorded their biggest fall for seven years in the last three months. This is cause for concern for our retails members which will have a cause and effort for our supplier members.

This hails as a five year low before the Brexit budget a couple of months ago, and now Article 50 has been triggered, we have to wonder what this has in store for us. British retailers have seen non-food sales fall to their lowest levels in over five years as higher inflation begins to eat into the pockets of consumers. Though food sales have resulted in people buying more British produce in recent report from YouGov, but only if the price is right, again a sign that people are being very wary. One in five are more likely to buy British to help the economy whilst one in seven would favour any goods if they are British made but if the price is higher then they will look for cheaper foreign alternatives.

down-decline-graph

As inflation continues to rise, the caution in the pockets of consumers is expected to persist as shoppers focus on essentials such as food and fuel. Helen Dickenson chief executive of the British Retail Consortium( BRC )said “tougher times are expected ahead. The impact if inflation on consumer spending will add further intensity to an already fiercely competitive environment in which the ability to adapt and innovate will be the key to survival.”

It’s this survival attitude that is affecting our high streets as people turn to online stores for cheaper alternatives and use the high street less and less. Even with Interest rates at an all-time low consumers still want to hold onto their money in preparation for the future? And the unknowingness of stepping into the Abyss of Brexit.

Rising prices were at least in part responsible for the highest growth in spend on essentials in nearly five years, with the phenomenon ‘Shrinkflation’ where people get less product for their money, also prompting consumers to hold back on some areas of discretionary spending.

Dickenson has urged the government to support retailers and entice consumer spending.

With a General Election around the corner and Brexit negotiations already underway, any changes to the economy bring further risk adding more uncertainty and caution businesses, which also has a domino effect on business confidence and employment.

The Giftware Association would like to hear your views on this issue and if you are feeling the pinch or are actually celebrating success during these uncertain times, please get in touch at enquiries@ga-uk.org