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Now, securing sought after products at the best price is becoming increasingly chaotic for consumers, with prices fluctuating during a number of weeks across the Golden Quarter. Forget deal or no deal, it’s more like deal or disappointment for consumers, leaving much to be desired in terms of results for retailers.
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.
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.
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.
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
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Lockdowns with little advance notice, panic buying, supply chain disruptions, hastily made changes to health and safety regulations, and extreme swings in consumer needs and expectations. How did they fare and how have consumers changed due to their pandemic experience? Consumers unevenly impacted. Adaptability tested.
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.
Last month, food delivery company Deliveroo expanded its ‘Deliveroo Shopping’ service into Singapore, enabling consumers to order retail goods on demand, alongside its existing restaurant food and grocery offering. Meanwhile, Statista projects the retail delivery market in Singapore to reach a revenue of US$594.4 million this year.
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.
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.
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.
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Against the backdrop of rising costs, supply chain issues and extreme weather events, more consumers are re-examining their consumption and waste habits. It reveals a window for businesses to lead, educate, and align with consumers to drive the transition from a linear to a circular economy. Consumer education and guidance required.
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. So, fraud is a major concern for businesses and consumers.
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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.
Will the rising cost of living cramp consumer spending in the most important quarter of the retail calendar? . In terms of consumer activity and sales, Cyber Week is a key sales period for Godfreys, which has now overtaken Boxing Day for us. Lovehoney Australasia director Rob Godwin: Toughest hiring market in 19 years. “We
As increasingly more newcomers enter the consumerelectronicsmarket, owning a brand as recognisable as Aiwa would be a tremendous competitive advantage.” . “Not very often does an opportunity arise to acquire such a top tier brand in this industry,” said Hilco Streambank CEO Gabriel Fried. “As
Even if only a fraction of these users convert into consumers, it spells immense profitability for retail brands. This is precisely what direct-to-consumer (DTC) brands have been capitalising on in recent years. Industry experts predict significant further expansion in the DTC market in the years to come.
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.
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.
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. Let’s look at the conditions that were so favourable to this payment method, the inevitable regulations and consumer and media response.
Consumer sentiment is, however, at a low ebb – hit hard by China’s stringent Covid curbs and a sharply slowing economy. Alibaba also decided not to feature the other, Li Jiaqi, in its marketing for its event. “But it seems most consumers, particularly in the current environment, just want cheaper goods.”
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? .
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. But, he added that it’s a shrinking market. But we’ve come a long way.
Take consumerelectronics, where sales are softening concerningly. Thirdly, at the top end of town, luxury retail is chugging along just nicely with its core consumers, which proves the point. It is this middle cohort of consumers who will drive what happens next.
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.
Retailers are starting to work out, ‘Well, I’m actually sitting on quite a large amount of consumer data and I’m also sitting on a lot of transaction value from people using my e-comm to be able to purchase and transact,” Townsend said. What are the key factors of a successful retail media network? Everything becomes ad hoc.
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.
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.
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.
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.
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.
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.
Beginning with idea generation and market research to identify market gaps, companies go through multiple stages of product development before launching the product. Research phase Before diving into ideation, it’s essential to grasp market demand. Ideation and design All man-made creations start from a simple concept.
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.
The ConsumerElectronics Show, better known as CES, is the ultimate playground for technology enthusiasts, product manufacturers, and innovators. Whether you’re interested in consumerelectronics, automotive advancements, or medical breakthroughs, CES 2025 will have something for everyone.
For consumers, price is one of the most important factors that determine whether they’ll make the purchase or not. 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. Dynamic Pricing.
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