Inside Retail

MAY 30, 2021

While e-commerce adoption skyrocketed all around the world at the peak of the pandemic, perhaps more interesting was the rate at which older consumers embraced online retail. Globally, Asia dominates the e-commerce universe, accounting for over 50 per cent of all retail sales.

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Inside Retail

JULY 22, 2024

Its economic data analysis will include retail sales at its August meeting with speculation around another increase in interest rates. Retailers are praying for a most unlikely cut to interest rates or, at least, a hold on them at the August board meeting. per cent fall in seasonally adjusted sales.

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Inside Retail

MAY 8, 2022

Since early 2020, like everyone, I’ve been online a lot more. Locally, the retail industry sustained substantial growth throughout the first pandemic affected year (2020-2021). For the year to June 2021, consumer retail spending grew by 9.1 per cent year-on-year growth in retail consumer spending to March 2022 3.

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Inside Retail

SEPTEMBER 13, 2022

Australian retailers generally fared well over the last 18 months during the Covid-19 pandemic, despite temporary store closures as part of government-imposed lockdowns, although headwinds may be on the horizon. per cent in June 2020. A look at consumer sentiment and spending . Consumer sentiment fell by 3 per cent to 81.2

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VMS

NOVEMBER 17, 2021

stocks closed higher yesterday on news that retail sales increased in October, indicating strong consumer confidence and signaling a healthy holiday season, reports Reuters. The retailer also saw its biggest one-day percentage increase since April 2020 after besting quarterly estimates by almost $2 billion.

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Retail Times

APRIL 23, 2021

Retail sales volumes continued to recover in March 2021, with an increase of 5.4% when compared with the previous month reflecting the effect of the easing of coronavirus (COVID-19) restrictions on consumer spending; sales were 1.6%

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Retail Focus

APRIL 20, 2024

Despite the Government refusing to overturn the abolition of the duty-free shopping for tourists in the Spring Budget, now half (50%) of UK consumers want the scheme to be reinstated, according to the latest research from Retail Technology Show (RTS), the leading event that connects retail’s changemakers and leading tech innovators.

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Inside Retail

OCTOBER 2, 2024

“It is quite the milestone, it does mean we’ve officially taken the designer crown of being the longest-running consumer fashion event in Australia,” Matthew Flinn, MFW senior manager, told Inside Retail. Since 2020, MFW has delivered $80 million in economic impact for the city of Melbourne. “We’ve

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Inside Retail

OCTOBER 28, 2022

Amazon on Thursday forecast a slowdown in sales growth for the holiday season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend. Wedbush Securities analyst Michael Pachter said, “It’s possible that retail sales will decline year-over-year. Cloud misses.

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Inside Retail

NOVEMBER 8, 2022

per cent, year-on-year retail sales growth in August 2022. Sales across Brand Collective are good, and the areas where we’ve seen a slower start to the season have been weather-dependent businesses, like children’s shoes, where you’d expect would normally have a huge sandal period,” she said. Focusing on the consumer.

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Inside Retail

MARCH 14, 2024

Earlier this week, Etri told A Current Affair, “If you start shopping local at places like this that are offering prices that benefit the consumer, then you are going to see more businesses open that are doing the same thing. Private-label brand sales account for 18.1 per cent overall of all FMCG retail sales.

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Inside Retail

FEBRUARY 20, 2023

For consumers, there is a very strong desire to get out and enjoy life. per cent in September 2022 only slightly above 2019 levels and well down from the 2020 high of about 24 per cent, suggesting that the amount of dry powder in consumers wallets is declining. per cent last year, with the economy growing by an estimated 6.5

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Inside Retail

JUNE 16, 2021

While the northern hemisphere basks in the warmth of summer, winter officially begins in Australia — which also means, it’s time to get ready for End of Financial Year (EOFY) sales. With retail being one of the most negatively impacted industries in 2020, there’s no doubt that businesses within this sector are eager to recoup losses.

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Inside Retail

NOVEMBER 6, 2022

We’ve also noticed an increase in advertising for big sale events including Black Friday, Cyber Monday, Click Frenzy, and even Afterpay Day. Even before thinking about the specifics, the timing of these sales appears challenging for both retailers and consumers, not to mention supply chains.

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VMS

MAY 17, 2021

Retail sales in April remained flat during the past month, but showed dramatic growth year-over-year when compared to April 2020, according to a National Retail Federation press release. “In Consumers are demonstrating that when they feel safe, they are both willing and able to spend and are driving the economy forward.”.

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Inside Retail

JUNE 30, 2021

The retail industry in Malaysia has struggled during Covid, but shopping centre Pavilion in Kuala Lumpur has continued to find a way to reach consumers. Here, we chat with CEO of retail, Dato’ Joyce Yap, about the future of malls and how sector have evolved in the past year.

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Inside Retail

MAY 2, 2022

per cent this year, resulting in a boost in retail sales. Retail analyst at GlobalData, Koyel Ray, said Apac’s airport retail sales fell by $10 billion in 2020 before rebounding slightly last year to $11.8 The post Apac tipped to fuel global airport retail market recovery appeared first on Inside Retail.

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Inside Retail

SEPTEMBER 21, 2021

per cent in January-July 2020 over the same period in 2019. In Australia, that occurred on 76 days in the first seven months of 2021, compared with a staggering 97 days in the comparable period of 2020. So you could say retailers benefited from three full weeks more trading in January-July 2021 than in January-July 2020.

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Inside Retail

MARCH 13, 2023

Dan Murphy’s is investing in both the online and offline consumer experience. Pfeiffer-Smith did not directly address the decline in beer sales and its effect on Dan Murphy’s; however, she did note there is a great opportunity for all drinks categories, including beer, to innovate to meet changing customer needs. per cent in 2020.

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VMS

DECEMBER 28, 2021

The study – which excluded automotive sales – measured in-store and online retail sales across all forms of payment. Consumers splurged throughout the season, with apparel and department stores experiencing strong growth as shoppers sought to put their best dressed foot forward.”. percent in 2020 and 14.6

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Inside Retail

NOVEMBER 29, 2021

Boosted by the Black Friday and Cyber Monday sales, November has overtaken December for retail sales for the past three years. November 2021 seems likely to again be crucial to Christmas trading results for retailers with consumers having been urged to shop early to avoid possible product shortages. per cent jump.

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Creative Displays Now

FEBRUARY 15, 2022

While in-person purchasing remains a popular option, many consumers have chosen to complete their shopping online, causing retailers to adapt to the changing landscape. The 2020 shopping season was unlike any other, and many of the trends established during this time are here to stay for holiday shoppers. Trends to Consider.

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Inside Retail

APRIL 8, 2021

The impact of Covid-19 restrictions nationally was not as serious as in the early months of calendar 2020 and sales were bolstered by Black Friday, Click Frenzy and Cyber Monday leading into Christmas. One retail group that remains bullish about future prospects is Premier Retail, which posted a 7.2

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Retail Focus

JUNE 13, 2023

The world of retail has changed significantly over the past decade. of retail sales to 25% in February 2023. With this, the pandemic prompted a step-change in growth rates, with online sales increasing from 19.1% in Feb 2020 to 25.1% When considering retail leases, in 2002 10.5% in Feb 2023 (ONS).

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Inside Retail

NOVEMBER 18, 2021

Before 2020, when travel was easy and diplomatic relations were cordial, I placed great emphasis on the need to build trusted relationships on the ground in China as the foundation of a successful market entry strategy. trillion Chinese consumers spent in 2019. trillion, and the US$5.6 While some Australian primary products (e.g.

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Inside Retail

JUNE 14, 2022

The retail industry has cause for a touch of optimism entering the next financial year but it is unlikely that the rollercoaster ride is over for everyone. Retail sales for the first four months of 2022 are showing encouraging growth but the devil is in the detail, with the underlying driver of the increased revenue levels being inflation.

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Inside Retail

SEPTEMBER 26, 2022

In 2020, it released its second product, the Impossible Sausage Made From Plants, and it’s just getting started. “So So far in 2022, we’ve seen a nearly 70 per cent increase in retail sales. The Singapore market.

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Inside Retail

SEPTEMBER 26, 2021

A good bellwether for the recovery was the department store sector, which according to data from the Bank of Thailand, had at times been experiencing year-on-year sales growth that more than offset the steep declines during the same months of 2020. Meanwhile, in Vietnam, retail sales were down a calamitous 33.7

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Inside Retail

SEPTEMBER 17, 2023

The onset of the Covid-19 pandemic and the resulting travel restrictions led to a significant drop in international passengers, especially at airports, in the months of March, April and May 2020. In 2019, the global travel retail market was valued at US$74.31 billion in 2020. per cent ove overall sales.

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Retail Focus

JANUARY 24, 2023

Unsurprisingly, retail sales are predicted to struggle this year, with discretionary and leisure items being more negatively impacted than others. Source Pixabay For example, supermarket retailers saw a growth of 10.9% in December, with consumers stocking up for the holiday season and people spending less out and about.

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Inside Retail

AUGUST 20, 2022

As we know, today’s consumers are doing much of their shopping online. To help navigate this cookieless world, Braze released a Retail Customer Engagement Review that looks to solve three common challenges being faced by retailers today. Between May 2020 and May 2021, Australians spent $48.1

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Inside Retail

APRIL 16, 2024

Modern consumers, especially those within the Gen Z age bracket, are becoming increasingly interested in shopping methods that differ from the traditional e-commerce model of a direct-to-consumer website or shopping online via big-box retailers. billion in 2027. billion in 2027.

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Inside Retail

NOVEMBER 23, 2021

I’ll start with a particularly interesting one that has strong voices on either side: what proportion of sales will be online in 2022? Last year, I interviewed Jonathan Reeves from Eagle Eye for my Shopology show and he predicted that online would account for half of retail sales by 2030. Why online will grow: consumer trial.

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Inside Retail

JUNE 1, 2022

Online retail sales showed exceptionally large growth over the main lockdown periods of 2020 and 2021. A recent Australia Post report found that online retail sales growth in 2021 had doubled the pre-pandemic growth baseline, with an annual increase in online sales of 12.3 per cent.

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Bay Cities

APRIL 1, 2022

We are still driving hard with retail sales in America. We know for certain ecommerce blew up in 2020 and in 2021 online sales drove towards an estimated 17 percent increase over the prior year. In other words, physical stores are becoming a more powerful and cost-effective media channel.”

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Parcel Pending

SEPTEMBER 30, 2021

Consumer Shift: Hybrid Work is Here to Stay. Consumer Shift: Mask Mandates Are Keeping Residents Home. These actions have caused uncertainty with consumers and residents with some of them returning to lockdown habits of staying in, ordering take-out, socializing in a small pod, and refraining from international travel.

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Inside Retail

MARCH 15, 2022

Prior to Gotemba, Japan’s retail market was tightly regulated and the industry in bad shape. Government statistics show that at the time of Gotemba’s opening, retail sales in Japan had fallen for 42 consecutive months. The country had been in recession for a decade and the people of Japan had become inveterate savers.

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