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“A big vote of confidence”: Why Walmart’s store upgrades are key

Inside Retail

Currently, Walmart is the largest retailer in the US, with over double the retail sales of its nearest competitors. In 2022, Walmart accounted for approximately US$500 billion in retail sales. billion in 2017. To provide a point of comparison, Walmart’s US revenues totaled about US$318.5

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Mmm, it’s the sweet smell of advertising success

Inside Retail

Secondly, it speaks to a certain level of digital preparedness from the retail industry when the pandemic struck – or at least the ability to change tactics quickly. . Some of the lift in retail sales we can also put down to a siege mentality in the face of uncertainty – remember when you couldn’t buy toilet paper for love nor money?

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US mall giant Simon’s latest results reveal four issues facing the sector

Inside Retail

per cent and retailer sales per square metre for the trailing 12 months were US$8,166, up 3.3 To be sure, these department stores don’t pay a lot of rent but their purpose, from the mall owner’s perspective, is to attract pedestrian traffic, a job that in many cases they are falling down on. per cent in 2017.

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Black Friday 2024 results showcase the growing power of AI and chatbots

Inside Retail

To put these numbers into perspective, that is more than double what US consumers spent online on Black Friday 2017, which drove US$5.03 billion in e-commerce sales. “The According to data provided by Adobe Analytics, online Black Friday shopping in the US hit new heights in 2024, with consumers spending a record US$10.8

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Can Singapore’s CapitaLand maintain its momentum as the economy slows?

Inside Retail

For some time now, the growth of e-commerce in the Lion City has been falling back in line with the growth rate of retail sales as a whole. 2023: the year of normalisation Retail sales per square foot (or per square metre according to your taste) for CapitaLand’s malls increased 10.2 per cent versus 4.1