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Retail spending increases, consumers wary as rising costs bites

Inside Retail

per cent in October as consumers spent $35 billion both in-store and online according to new data from the Australian Bureau of Statistics (ABS). Clothing, footwear and personal accessories sales were up 32.8 Clothing, footwear and personal accessories sales were up 32.8 Retail spending increased 12.5 per cent and 5.2

Consumer 264
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Strong boost in Australian retail sales in October, says ABS data

Inside Retail

billion, while clothing, footwear and accessories increased 1.7 billion, and department stores climbed 0.4 Cafes, restaurants, and takeaways grew 2.3 per cent to $5.48 per cent to $3.02 per cent to $1.91

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Department Stores – what does the future hold?

Retail Focus

The huge increase in online shopping over the past decade or so has had a major impact on department stores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store. Changing culture of shopping.

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Retail sales slightly up in December as shoppers shifted spend to Black Friday

Inside Retail

Australian retail sales increased minimally last December as more consumers opted to purchase on Black Friday in the prior month, reflecting cost of living pressures. ” Department store sales climbed 3.7 ” Department store sales climbed 3.7 billion, while clothing, footwear, and accessories rose 0.5

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Generative AI is supercharging retail, what does this mean for consumers?

Inside Retail

Today’s consumers are craving a truly unique shopping experience. We are only at the beginning, and as brands begin to scale their AI utilisation, its full spectrum of benefits for consumers and retailers alike will be uncovered. The post Generative AI is supercharging retail, what does this mean for consumers?

Consumer 266
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Why luxury Aussie retailers are missing a major consumer segment

Inside Retail

Recent research has revealed that luxury Australia retailers aren’t doing enough to capture the attention of, and drive consumer spending by, migrants of Asian background and heritage. In order to do so effectively, she stressed the importance of understanding the various factors and intricacies that inform their consumer behaviour.

Consumer 263
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How can department stores pivot ahead of a spending decline?

Inside Retail

The biggest swing occurred in department store spending, which saw a 14.3 Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? I think consumer spending, certainly in discretionary spending categories, will normalise and soften.