Consumer Attitude Towards Retail Credit in United Kingdom: Interest Free Credit to Significantly Drive Growth in the Near Future


Published on : Jan 16, 2018

Albany, New York, January 16, 2018: The report provides an overview of the consumer attitudes towards retail credit in the United Kingdom. The report highlights the major implications and facts of the retail credit in the United Kingdom. The market dynamics covers restraints, drivers and opportunities influencing the growth of the market in UK. To elaborate further, a new study titled “Consumer Attitude Towards Retail Credit in United Kingdom - DECEMBER 2017” has recently been added to the massive database of Market Research Hub (MRH). Market size and forecast for the retail credit sector in United Kingdom has been provided in the research report. The report also includes information on key players operating in the retail credit sector in United Kingdom. The report presents the new launches and innovations as well as changing consumer attitudes towards these. This study highlights the key trends and strategies, enabling the key stakeholders to obtain information for developing new strategies. The report also presents the current nature and status of the retail credit market in United Kingdom. The report also offers appendix, data sources, abbreviations and supporting information besides consumer research methodology.

Introduction

The report states that the end user credit has been escalating fast to finance current sales growth of retail. Customer assurance is deteriorating and incomes are also under pressure. Generally it is considered that clients will commence cut backs and will pay back some of their balance. Hence, all types of credit will fall, not just retail credit. Consumers think that it is high time that retailers place more prominence on their credit offers. By depending on the company’s credit card and PayPal to provide credit, businesses are losing a big opportunity to learn more about their consumers.

Major Insights on Consumer Attitudes Towards Retail Credit in United Kingdom

The report reveals the leading credit providers and share of all retail credit in 2016. The report throws light on the top consumer service providers and also features the major issues plaguing the retail credit market. The report states that retail credit was expected to grow by 2% in 2017. This study indicates that the overall outlook for consumers is poor in the retail credit sector in United Kingdom.

Consumer Attitude Towards Retail Credit in United Kingdom: Key Players’ Insights

The valuable portion of the research report provides the competitive assessment of the retail credit sector in United Kingdom. The final section of the study highlights the major companies operating in the retail credit market in United Kingdom. The report analysis the key companies on the basis of attributes such as financial overview, overview of the companies, recent market developments, SWOT analysis that include major threats, strengths, weaknesses and opportunities prevailing in the retail credit market in United Kingdom. Key companies profiled in the report of the retail credit market in United Kingdom include Home shopping, Mail order, Littlewoods vs Very, Furniture and carpets, Brighthouse, DIY and electricals, Department stores and others. The report also presents a dashboard view to understand the competitive landscape of the retail credit sector in United Kingdom.

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