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The reported closure of Microsoft’s brick-and-mortar stores managed by authorised retail partners in China has raised questions about the tech giant’s strategy in the world’s second-largest economy and whether the move is counterintuitive when the market’sconsumerelectronics sector has seen a sign of recovery.
“Right now, we’re seeing a once-in-a-generation shift that is opening the doors to a major new advertising opportunity for retailers and brands,” explains Troy Townsend, co-founder and chief innovation officer at The Pistol , a leader in marketing technologies and services.
We’re also seeing an interesting change in consumer behaviour in the lead-up to Black Friday, with consumers actively choosing to hold back on purchases in anticipation of massive discounts and limited-time offers. Get creative : Invest time in various marketing channels and create content that influences customers.
billion in the first half on the back of positive results in most markets, with the UK posting the highest growth rate. The furniture and consumerelectronics retailer’s UK sales surged 39.7 Harvey Norman’s system sales increased 4 per cent to $4.83 per cent while Slovenia and Croatia sales grew 7.4 per cent and 4.4
The ACCC said that The Good Guys ran 116 promotions between July 2019 and August last year, offering consumers a store credit or StoreCash if they spent a certain amount on qualifying products in its online or physical stores.
Australian consumerelectronics giant JB Hi-Fi announced a major expansion of its New Zealand operations last week , unveiling plans to double its store count in the next three to five years. The group eventually decided to “double down” on the New Zealand market, and invest in building it up as the broader retail market recovered.
Meanwhile, Statista projects the retail delivery market in Singapore to reach a revenue of US$594.4 The market research company said one of the unique factors driving the retail delivery market in Singapore is the country’s small size and high population density. million this year.
The consumerelectronics retailer agreed to an initial acquisition of 75 per cent of E&S for cash consideration of $47.8 JB Hi-Fi is broadening its product categories as it agrees to acquire a controlling interest in E&S Trading Co, which offers kitchen, laundry, and bathroom products. million on a cash-free,debt-free basis.
Cross-border shoppers from the international markets which purchase the most from UK brands and retailers are also among those with the highest concentration of omnichannel consumers, the latest Global Voices report from ESW shows.
Chinese consumers are now adjusting to a “new normal” in response to evolving market conditions, prompting businesses to rethink their strategies. The 2025 China Consumer Survey by AlixPartners reveals a significant shift in spending priorities, reflecting changing consumer behaviours and economic dynamics.
In this post, well explore why training matters, the challenges retailers face, and actionable strategies to make it workhighlighting how tools like the Coherence Training Hub can elevate success in tech and consumerelectronics retail. Training turns associates into a competitive edge, fueling revenue and loyalty.
With ambitious plans to expand its offerings and scale into new markets, Circular is not just making waves in the tech industry, it’s setting a precedent for what the future of sustainable technology consumption could look like. The story so far “Early testing in various APAC markets has shown a strong demand for tech subscriptions.
Apple’s market capitalization is now over US$2.8 According to Market Growth Reports, companies devoted to providing user experience tools and services were worth $548.91 Rarely today do consumer products succeed in the market based on functionality alone. million in 2023 and are expected to reach $1.36 billion by 2029.
In the case of books, media, and gaming, 48 per cent of consumers say they are now unlikely to revert to the way they shopped pre-pandemic, up from 44 per cent six months ago. Shoppers in the consumerelectronics segment reported a similar sentiment. The article refers to data sourced from an online survey of 5,639 consumers.
Cyber Week gets bigger every year for retailers, particularly with consumers wanting to jump on discounted big-ticket items, like home appliances and consumerelectronics, ahead of the Christmas rush. Lovehoney Australasia director Rob Godwin: Toughest hiring market in 19 years. “We
The report refers to data sourced from an online survey of 5656 consumers. All analysis and views of future market conditions are solely those of the Commonwealth Bank. The post Understanding the consumer of 2021 appeared first on Inside Retail. The survey was undertaken by ACA Research on behalf of the Commonwealth Bank.
India’s DTC retail landscape has been evolving rapidly, driven by factors like increasing internet penetration, a shift in consumer preferences towards online shopping, and the ascent of digital marketing. Industry experts predict significant further expansion in the DTC market in the years to come. What lies ahead?
In the rapidly evolving and changing marketing world, staying ahead of the curve is not just an advantage—it’s a necessity. That’s where marketing trade shows come into play, serving as epicenters of innovation, networking, learning, and brand growth. Here are the top 10 Marketing Trade Shows you won’t want to miss.
However, these consumer shopping behaviors vary from shopper to shopper and even between retail segments. For example, millennials and baby boomers have exhibited far different shopping activities, and the channel preferences for shoppers buying groceries versus consumerelectronics also varies. ConsumerElectronics.
Tech accessory juggernaut Casetify is making waves in the American retail landscape via its landmark partnership with consumerelectronics giant Best Buy. This expansion is more than just a growth strategy; it’s a testament to Casetify’s ambition to capture a larger slice of the global tech accessory market.
As the world’s largest cosmetics company, it continues to outperform the dynamic global beauty market. L’Oréal presented the Water Saver, a sustainable haircare system for the salon and at-home beauty routine, at the 2021 ConsumerElectronics Show, and that same year it was named in Time’s “100 Best Inventions of the Year”.
Anchorage struck gold with the $20 million acquisition of the Dick Smith consumerelectronics chain from Woolworths Group in November 2012. Woolworths had written off more than $420 million restructuring the business, which was Australia’s largest consumerelectronics chain by store count. Myer merger in the offing? .
This has served me well while expanding categories at DigiDirect from photo and video to broader consumerelectronics and investing beyond retail businesses into verticals as vast as property, pharmaceuticals, hospitality, and equities. This means entrenched communities with unique demands that specialty focus can best serve.
Hybrid events market their value as saving exhibitors’ shipping and boarding costs while supplying the same quality educational content, industry updates and networking opportunities. Unique to both is the larger than normal space devoted to product demos and increasing use of experiential marketing tactics.
On Friday, JB Hi-Fi Group CEO Richard Murray officially left the consumerelectronics company, where he has held various roles for the past 18 years, to lead Solomon Lew’s Premier Retail business; Terry Smart, previously managing director of The Good Guys and CEO of JB Hi-Fi, took over the top position.
But Citi predicts rival e-commerce giant JD.com, which also holds a Singles Day shopping event, to fare somewhat better as it is strong in consumerelectronics and home appliance offerings which are expected to remain popular. Alibaba also decided not to feature the other, Li Jiaqi, in its marketing for its event.
While BNPL offerings are mature in Australia and New Zealand, due, in large part to the emergence of Afterpay, countries in South East Asia have new markets with room for incredible growth. It’s no surprise that BNPL has taken off at speed – giving rise to a highly competitive market. . But this could be the tip of the iceberg.
If you’ve spent any time in Asia, you may have noticed that there are some distinct differences in retail culture when compared to the Australian market. In electronics, for example, it’s almost unthinkable that a buyer could purchase a television, refrigerator or internet-enabled device without an installation service.
The more brands can see, ‘When I put X in, Y happens’, the more they feel that they’re in control, the more they’re investing in this flywheel, because at some point, it’s proving to be a better use of their finite marketing resource than another platform or another investment,” Waecker said. Everything becomes ad hoc.
Korean consumerelectronics giant LG has launched a new online shopping experience for customers in Singapore, as it looks to tap into the region’s soaring e-commerce market.
Take consumerelectronics, where sales are softening concerningly. Shopping like the Germans Even in the good times, Australian consumers are value-driven, more so than in comparable markets like the US and UK. When multiple retail groups are bracing for impact publicly, we should take note.
And while conventional marketing like print, online, television and radio advertising still has a place in any brand awareness plan, newer methods of marketing can help give your product that additional oomph that can really drive engagement and boost sales. When it’s done right, experiential marketing is highly effective.
It’ll be those discretionary categories – [such as] footwear, clothing, accessories and possibly even consumerelectronics that will struggle [to] make gains in the market,” Mortimer said. But, he added that it’s a shrinking market. You need to go to market with one of two offers.
While consumer brands are gearing up for the holiday season, many are looking even further ahead to the consumer tech event of the year – the ConsumerElectronics Show (CES). In addition to more strategic marketing materials – dont forget to consider branded swag that can be handed out to any attendee.
Meanwhile, Robert Dyas, which opened at the end of August, occupies a 4,000 sq ft unit providing shoppers with a range of housewares, small electrical appliances, gardening products, kitchenware, DIY, and consumerelectronics. Five Guys, the iconic American burger chain, has also opened a 3,500 sq ft outlet on Braccan Walk.
All analysis and views of future market conditions are solely those of the Commonwealth Bank. . The post What consumers really think about brands’ social purpose appeared first on Inside Retail. Any projections and forecasts are based on a number of assumptions and estimates and are subject to contingencies and uncertainties.
All analysis and views of future market conditions are solely those of the Commonwealth Bank. The post Activating consumer support for the circular economy, and your brand appeared first on Inside Retail. There were also 297 respondents that didn’t have any unused items in these categories.
And retailers and brands are already using the metaverse for a number of sales and marketing purposes. Physical products can be sold with accompanying non-fungible tokens (NFTs), which allow consumers to own a digital version of the product. Last year, Coca-Cola took NFT auctions a step further, into cause-related marketing.
The idea behind manufacturer suggested retail price (MSRP), which is the strategy that most consumers are familiar with, is to set a standardized price for products sold across different locations. This pricing strategy is when retailers like you will set flexible prices based on market dynamics. Dynamic Pricing. Final Words.
All analysis and views of future market conditions are solely those of the Commonwealth Bank. Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945 The post Attracting, winning, and retaining a new breed of value-driven consumer appeared first on Inside Retail Australia.
Las Vegas, NV – The ConsumerElectronic Show (CES) will once again return to the captivating Las Vegas Convention Center early next year —the CES 2024 dates January 9th- 12th, 2024. The upcoming CES 2024 edition marks its 57th anniversary, solidifying its position as North America’s premier technology exhibition.
While the goal remains to boost profits and market reach for everything from toys to tools to TVs, new rules and practices for safety are being taken into account. These include Toyfair , the Inspired Home Show , and the ConsumerElectronics Show. In 2021, the number of active conventions stayed lower than normal.
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