VMS

JUNE 17, 2021

retail sales dipped 1.3 percent last month as the effect of the stimulus checks on consumer spending fades, reports CNN. The automotive sector was to blame for much of those losses as car sales dropped 3.7 Without auto sales, May numbers would be down 0.7 percent according to the U.S. Census Bureau. The post U.S.

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Inside Retail

AUGUST 3, 2023

New ABS data has revealed a third consecutive quarter of declining retail sales measured by volume, effectively showing the nation’s ‘retail recession’ has now extended to nine months. Volume data excludes the impact of inflation on retail sales, which have been trending up for much of this year.

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Inside Retail

NOVEMBER 9, 2022

Black Friday and Cyber Monday sale events have turbo-charged Christmas trading, with the month of November overtaking December in total retail sales for each of the past three years. Retailers are hoping for more Christmas cheer this year from Black Friday on 25 November and the Cyber Monday promotion three days later.

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VMS

JANUARY 19, 2023

retail and food services sales for December 2022 were $677.1 percent from the previous month, but up 6 percent from December 2021, according to the latest report from the U.S. The bureau also found that retail sales for 2022 were up 9.2 percent from 2021. percent in real retail sales.”

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VMS

JUNE 10, 2021

The National Retail Federation (NRF; Washington, D.C.) revised its annual forecast for 2021, predicting retail sales will exceed $4.44 Revealed during the association’s “State of Retail and the Consumer” event, the prediction exceeds NRF’s original projection of 6.5 percent growth from February 2021.

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VMS

JUNE 28, 2021

The Confederation of British Industry’s (CBI) monthly survey of 117 retail businesses reported that the sector still has a long way to go for a full recovery. After a generally gloomy 2021 so far, the sun finally shone for retailers in June, with seasonal sales volumes the strongest since November 2016. The post U.K.

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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

OCTOBER 7, 2022

per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 per cent month-on-month in September, rising for the first time since November, 2021. per cent rise on Tuesday to 2.6

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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. A look at consumer sentiment and spending . Consumer sentiment fell by 3 per cent to 81.2 Retail sales increased by 1.3

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Inside Retail

OCTOBER 11, 2021

Retail chain results for the latest financial year indicate spectacular growth in online sales and, in many instances, a dip in the average sales per store. Drawing on Australian Bureau of Statistics data, Australia Post reported that online sales claimed 16.3 billion in online sales. per cent represented $52.1

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Inside Retail

DECEMBER 29, 2022

per cent on 2021, with department-store sales of $149 million up by 23.6 But Zahra said the unprecedented pre-Christmas spending did not diminish the spending appetite of Aussies leading into what he described as the year’s “marquee retail savings event”. On Boxing Day, Australians splurged $1.23 billion – up 15.3

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Inside Retail

MAY 12, 2021

Australian households’ spending intentions for travel, entertainment and home-buying jumped in March 2021 as the economy extended its recovery from the COVID pandemic, the Commonwealth Bank Household Spending Intentions (HSI) series showed. A new source of insights for consumer-facing businesses.

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Inside Retail

JULY 2, 2023

Online pet supplies company Pet Circle has secured $75 million in funding from its existing top-tier investor, Prysm Capital, coming after strong retail sales of $308.8 The $75 million investment will also allow the firm to maintain its unicorn value, which it acquired in its Series C round in December 2021. million last year.

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Retail Focus

APRIL 9, 2021

The struggles of the UK high street and the acceleration of retail sales from ‘bricks to clicks’ have never been more apparent than during the Covid-19 pandemic. With e-commerce sales reaching 21.8% Retail distribution has complex needs varying according to the type of product being handled.

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Inside Retail

MARCH 13, 2023

In a rollercoaster year for retail sales, a survey of retailers has indicated an optimistic outlook for store network growth. CBRE said events and the return of international students and tourists as well as a return of office workers would be positive drivers for CBD retail sales in the year ahead. per cent to 13.9

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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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RetailMinded

FEBRUARY 19, 2021

2021 is in full swing and the reality is, it isn’t necessarily a breeze for small merchants in particular to capture consumer attention or dollars. In fact, retail sales jumped over 5% at the start of 2021 and consumers do not seem to be slowing down when it comes to spending. COMMENT SOLD .

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Inside Retail

JULY 28, 2021

Department stores have been particularly impacted, with consumers forced online during the pandemic now choosing to buy direct from brands or from more price-competitive online marketplaces. Australian digital sales reached record levels during Covid-19, with lockdowns driving consumers online in greater volumes than ever before.

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Inside Retail

MAY 8, 2022

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 But most significantly, I think it shows how quickly our new retail habits have become second nature, with 9.4 per-cent growth 2.

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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

FEBRUARY 20, 2023

The removal of restrictions on movement in the early months of the year, coupled with pent-up demand in households, formed the catalyst for a boom in household spending; monthly retail turnover rose 12.5 per cent between December 2021 and November 2022. For consumers, there is a very strong desire to get out and enjoy life.

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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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Inside Retail

JUNE 16, 2021

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. One surefire way to drive customers back is by participating in key retail sales events. For most brands, sales events have become a regular part of the calendar.

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Inside Retail

OCTOBER 19, 2023

Corbett, Mathieson and Wavish can all take credit for the development of the Woolworths liquor and gaming operations that were renamed Endeavour Group, and later demerged and floated on the Australian Securities Exchange in 2021. Endeavour Group’s sales for the latest financial year were up 2.5 Sales have increased by around $1.5

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Inside Retail

MARCH 13, 2023

Endeavour Group was previously part of Woolworths and subsequently spun off and listed (along with BWS, and hotel and gambling assets) on the Australian Securities Exchange in 2021. Dan Murphy’s is investing in both the online and offline consumer experience. But it’s omnichannel getting the bulk of the company’s attention.

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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.

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Inside Retail

JULY 14, 2021

Here in Asia Pacific, online retail sales are expanding at a compounded annual growth rate of 11 per cent, driving two-thirds of global online retail growth,” said Kawal Preet, FedEx president, Asia Pacific, Middle East and Africa (AMEA). now expect faster delivery, the Asian Retail Outlook 2021 survey reveals.

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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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VMS

JANUARY 14, 2022

WASHINGTON, January 14, 2022 – Retail sales during 2021’s November-December holiday season grew 14.1 billion, easily beating the National Retail Federation’s forecast and setting a new record despite challenges from inflation, supply chain disruptions and the ongoing pandemic, NRF said today. percent over 2020 to $886.7

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Inside Retail

SEPTEMBER 21, 2021

For the first seven months of 2021, retail trade figures from the Australian Bureau of Statistics show the biggest percentage sales increase in 14 years: 6.7 A potent combination of factors has accounted for the continued strength of the gain in the first half of 2021. The two-year stack, if you will, is a formidable 11.8

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Inside Retail

SEPTEMBER 19, 2023

Top 10 fastest growing retailers Amid the dynamic and competitive retail landscape in 2022, ‘GoTo Gojek Tokopedia PT’ and Singapore’s ‘Sea Ltd’ emerged as standout performers, achieving retail sales growth rates of 44 per cent and 43 per cent, respectively.

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VMS

MAY 18, 2021

Increased traffic for our open-air and suburban centers has been very encouraging, and retail sales continue to improve across the portfolio with higher sales volumes in March compared to 2019 levels,” president and CEO David Simon. Shopper visits to malls was down 18.7 Shopper visits to malls was down 18.7

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Inside Retail

JUNE 24, 2024

The last time Alibaba reported Singles Day revenue, in 2021, sales hit US$84.54 This year, 618 has instead proven just how hard it is to get consumers spending at all. “Chinese spend has been basically focused on sales opportunities and coupons. billion over the event’s duration.

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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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VMS

JANUARY 25, 2022

(PRESS RELEASE) Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. retail sales, which soared to $4.583 trillion in 2021. “As The 2021 total rate of returns (16.6

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Inside Retail

APRIL 20, 2021

We are witnessing rapid growth in direct-to-consumer (D2C) sales by FMCG brands. Prominent examples include PepsiCo, which has launched two direct-to-consumer websites selling pantry staples and snacks, and Heinz, which now sells bundles of products from its “Heinz to Home” websites in several countries.

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Inside Retail

APRIL 6, 2022

Pattern Australia has released its fourth annual report on consumer considerations and e-commerce. Impressively, Amazon has managed to hold onto the accelerated gains it made in the last two years when consumers were in lockdown, and the research finds that e-commerce shoppers have no plans to slow their spending on the marketplace in 2022.

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