A new survey has found that the average Brit will spend £1000 on spur-of-the-moment purchases every year, with nearly 60 per cent of us admitting to as many as five impulse purchases per week, that’s 260 snap purchases a year.
Online shopping has increased the temptation for impulse buyers according to the survey, with the UK spending £200 more online than in-store on impulse buys. Millennials are amongst the biggest culprits, with a quarter of 22 – 25 year olds admitting to having spent over £1000 on rash purchases.
The spending habits research, conducted by St. Albans-based Gallery Rouge, found that of the 260 items bought on a whim, the fashion industry thrived most from online shopping, accounting for one third of all impulse purchases (33%). Other expenses include tech and gadgets (22%), home décor/art (17%), holidays (12%) and jewellery (7%).
Kuldip Chohan, Managing Director of Gallery Rouge said, “there is a growing comfort in buying more valuable objects online. Our aim is to help people buy with confidence and helping someone visualise the artwork on their walls in real time and real size is a massive plus.”
“Nothing beats seeing artwork in the flesh. What Visualiser does is allow individuals who may not be close to the gallery stocking the piece to ‘try before they buy’. We’re reducing the risk of getting it wrong, and the resulting buyer remorse. If you spend £1000 on a piece of artwork, you want to make sure it works in your space.”
Men have a weak spot for tech, with 50 per cent of male respondents stating that tech was their biggest whim purchase. For women, 45 per cent stated that it was fashion that topped their list.
Gallery Rouge conducted the survey as it launches its Visualiser app, a gallery customer experience app showing a 3D model of the art in the home before purchase. Visualiser allows art to be bought online without shoppers running the risk of the new piece not fitting in the home when received.