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

SEPTEMBER 25, 2021

The current Covid-accelerated e-commerce era has pitched Australian retailers in direct competition with each other not only within Australia, but with suppliers from all around the world. According to the NAB Online Retail Sales Index, Australians spent $48.1 billion on online retail in the 12 months to May 2021, around 13.2

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Retail Focus

MARCH 29, 2022

Keeping pace with consumer trends and changing behaviours is key to the success of retail operations, particularly when managing the impact of current global events on supply chains to ensure they’re able to consistently meet demand. . Three of six key trends identified in ASCG’s latest eBook research include: 1) Spread the cost.

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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

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

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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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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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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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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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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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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VMS

JANUARY 25, 2022

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

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

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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VMS

SEPTEMBER 20, 2021

retail sales jumped by 0.7 percent in August, an unexpected report amid waning consumer confidence and a poor July performance from the sector, Reuters reports. The surprise sales increase was likely fueled by back-to-school shopping and child tax credit payments from the government, the article says. declined 1.8

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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

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

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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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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Tusco Display

SEPTEMBER 16, 2021

Holiday Shopping In 2021: Short Supply And High Demand Throughout the pandemic, Tusco Display has been focused on maintaining operations while keeping our teams safe despite uncertainty. Now, over a year into the COVID-19 pandemic, we can look forward to the end of 2021 looking a lot more “normal.”

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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

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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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

OCTOBER 7, 2024

Deloitte’s recent Retail Forecast tells us what retailers have been feeling: the pressure of a retail recession we’ve been in for more than 18 months. Rising inflation and interest rates, and declining consumer confidence and spending, are increasing the costs of doing business.

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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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Parcel Pending

JANUARY 27, 2021

Given the continued impact of COVID-19, Parcel Pending expects that 2021 will accelerate innovation for many properties, so they can continue to successfully attract and retain residents. In fact, experts estimate that online shopping will amount to $7 trillion (or 25%) of global retail sales by 2024 2. 2021, January 21).

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Inside Retail

MARCH 20, 2024

In an era marked by economic flux and shifting consumer preferences, the global retail landscape stands at a pivotal juncture, ripe with both challenges and opportunities. Despite sales remaining below the pre-pandemic level and weak consumer sentiment, retail growth is expected to reach 5 per cent from 2022 to 2027.

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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

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

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

DECEMBER 11, 2023

Welcome to December and the chance for retailers to redeem themselves with customers. Historically, the highest retail sales and earnings were generated in December in the weeks leading to Christmas and the following Boxing Day sales. Short-term gain for long-term pain?

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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

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

NOVEMBER 6, 2023

Weiss launched Glossier at a time of intense investor interest in direct-to-consumer e-commerce companies. As of July 2021, the company raised an additional $83 million with a Series E round of funding that brought its valuation up to $1.8 What’s been going on with Glossier?

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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

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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