With the shift in consumer shopping habits and multiple retail channels, it is getting increasingly difficult for luxury department stores to stand out and thrive. How can the department store make a profit for itself in today’s shopping space and draw in consumers from solely shopping online?

Amid persistently high living costs, people are not only looking for better deals but are also changing their approaches to financial planning and management. Canvas8 spoke to seven Britons about how they've adjusted their spending and which tools they use to stay on top of their finances.

Consumer group Which? has revealed that roughly one in ten UK households skipped paying an essential bill during November 2023. With inflated living costs expected to impact Britons for several years, people are looking to brands for stewardship and support through difficult times.

Economic anxiety among Gens Z and Y is prompting many of them to indulge in small purchases for a daily dose of escapism, self-care, and rejection of hustle culture – all part of a delayed gratification strategy. This approach to consumption is being reflected on TikTok via 'little treats' posts.