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JB Hi-Fi’s subsidiary The Good Guys is facing legal action from the Australian Competition and Consumer Commission (ACCC) for alleged deceptive misrepresentations around its ‘StoreCash’ promotions. The post ACCC sues The Good Guys over dodgy promotions appeared first on Inside Retail Australia.
Experts from retail marketing consultancy Gekko have utilised their GWS Price Analysis Tool to do the heavy lifting, crunching the numbers to analyse average prices in categories including consumerelectronic products and household goods, across major retailers, including AO, Argos, Currys, Harvey Norman, and John Lewis.
JB Hi-Fi’s net income grew in the half year ended December 31, thanks to higher sales bolstered by Black Friday and Boxing Day promotions. The consumerelectronics retailer’s net income climbed 8 per cent year over year to $285.4 million as sales jumped 9.8 per cent to $5.67 JB Hi-Fi Australia’s sales rose 7.2
Expanding services Deliveroo has added new categories, ranging from beauty and personal care to baby care, pet care, florists, and consumerelectronics. In the coming months, consumers can look forward to an expanded selection of even more retail brands on Deliveroo Shopping,” Parke said.
Luxury faces a recalibration: While luxury remains aspirational, only 16 per cent of consumers plan to increase their spending in this segment. In addition, brand loyalty is being redefined in China, with factors such as price sensitivity, peer recommendations, and product innovation playing pivotal roles in consumer decision-making.
Every day of trade from Black Friday to Christmas is important, so this year we have segmented our promotional calendar into days, not weeks, during peak. We are focusing heavily on Click Frenzy and bringing a refreshed offering to our customers, before launching sitewide promotions during Cyber Weekend.
In the classic world, that was everything from shelf-wobblers to end-caps to promotions. In the new world, that might look like targeted club-card promotions that are linked to a customer displaying a certain level of intent,” Waecker said.
“While promotional campaigns have kicked off with decent buzz on consumer demand over the past week, we are cautious; spending sentiment is likely to remain soft,” Citi’s Alicia Yap wrote, citing disruptions to economic activity due to Covid curbs and rising job insecurity. per cent to 3.6 per cent and 8.9
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.
When the ConsumerElectronics Show (CES) moved entirely to a virtual venue in 2021 , a common complaint from participants was difficulty connecting with industry professionals and prospects. Hybrid events differ from hybrid trade shows in that the primary purpose is education instead of product promotion.
Utility NFTs allow benefits such as accessing exclusive communities, memberships and clubs, receiving special rewards or limited-edition products, and entry into special events and promotions. Brand, product and promotion. When scanned, the QR codes unlocked a digital collectable and access to bonus NFTs.
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.
Make it easy for consumers: Making participation in circular activities accessible and convenient for shoppers to positively influence consumer behaviour, uplift the customer experience and build loyalty. Tailor messaging by the audience can align with different needs across channels and personalise the experience.
All these players are promoting BNPL heavily and fueling consumer awareness and adoption. Mid and low-tier sectors are ripe for credit BNPL is empowering shoppers in mid-markets, e.g. consumerelectronics, and in high-volume retail segments that traditionally don’t offer credit e.g. cosmetics which is a huge market in Asia.
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). While media will be in attendance for the event, other core audiences can be valuable to connect with from a business perspective.
Looking closer at consumer behaviours confirms a broad shift in shopping choices and heightened customer experience expectations. For example, the research shows that 73 per cent of consumers are using promotional codes, cashback offers and rewards to make their dollar go further, and 66 per cent are doing more research before purchasing.
World Design Organization is promoting the profession of industrial design and its impact on our quality of life. a Silicon Valley based, world-class, award-winning product Design Company that has developed 300+ products in the ConsumerElectronics, Medical, Industrial Goods, Security and Surveillance domains.
Converge Display Control can be used to display and navigate on-screen product information, as well as control various consumerelectronics devices such as smart speakers, televisions and soundbars. Retailers then have remarketing opportunities to share future promotions and updates with customers via their phones.
One of the biggest and most innovative electronics trade shows in the world is the famous CES, known as the ConsumerElectronics Show. Here are the different types of electronic events: ConsumerElectronic Shows: These shows specifically focus on gadgets and technologies that we use every day.
Marketing and Promo Marketing and promotion are absolutely essential for educating potential users about your product and driving sales. These platforms play a key role by providing a mix of funding, market validation, and promotional opportunities.
Limiting free returns For some time, the reverse logistics fee has not been passed onto consumers, with retailers promoting ‘free returns’ to its shoppers, but in May 2022 that all changed. Fees are higher in categories selling larger objects, such as consumerelectronics (€14.10/€13.30) and homewares (€13.8/€9.70).
Ever since the early 1990s, I have attended the ConsumerElectronics Show (CES) and have seen the show floor, attendees, and exhibitors evolve over the years. Exhibiting at CES can be (and should be) one of the most productive and cost-effective means for product start-ups to promote its products and services.
Since our one of our posts “ Top 10 Mistakes Potential Retail Vendors Make ” was a big hit on Linkedin, we thought why not create a post our key tips for product start-ups to make the 2022 ConsumerElectronics Show (CES) successful. However, if you go to the show unprepared, you really will be wasting both time and money.
Their size makes them more visible and excellent for promoting brand awareness and impulse purchases. Consumerelectronics. Because they’re small and have a prominent location, counter displays are a cost-effective way to promote products. They’re great for new products, current promotions and featured items.
However, with large events like the ConsumerElectronics Show (CES) , The Inspired Home Show , and the National Hardware Show , it can also be overwhelming and exhausting. Prepare Your Materials Make sure to bring enough business cards, promotional materials, and any necessary equipment for taking notes or demoing products.
You can’t just put it on a store shelf or make it available and hope people find it – you’ve got to promote it if you want a shot at it being successful. Many brands will also plan product launches around large trade shows, where they know they can engage with large numbers of consumers in a more personal way.
Here’s a list of some of the largest shows along with the industry they represent: World of Concrete (building & manufacturing) ConsumerElectronics Show (consumer tech) National Auto Dealer’s Association (automotive) Black Hat USA (cybersecurity) Maintenance, Repair and Operations Americas (aerospace). ??
The recent ConsumerElectronics Show (CES) is a good example. For example, there is much more value in trade shows than simply increasing revenue, such as the promotional value in the form of brand awareness, impressions, and social media follows. Suppose you’re not a large corporation or you do not excel in the online market.
The recent ConsumerElectronics Show (CES) is a good example. For example, there is much more value in trade shows than simply increasing revenue, such as the promotional value in the form of brand awareness, impressions, and social media follows. Suppose you’re not a large corporation or you do not excel in the online market.
What about the ConsumerElectronics Show? August Robotics is promoting this new technology, which is already in use. New and unexpected technologies, products, and devices create entirely new shows—and big ones at that; would we have any cybersecurity conferences like Black Hat USA or RSA?
The ConsumerElectronics Show (CES), held annually every January, is one of the most important tech events worldwide. It offers a prime platform for brands to connect with buyers, consumers, media, and other industry professionals. Need help promoting your brand before, during, and after a trade show?
The upstarts are doing well but Thailand seems to be determined not to lose its top spot: it has expanded visa-free entry to 93 countries and is aggressively promoting the country as a hub for sports, cosmetic surgery, eco-tourism and other goodies. Good times ahead for consumerelectronics retailers in Asia.
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