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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.
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.
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.
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
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. The launch coincides with the company’s 9th anniversary in Singapore.
Will the rising cost of living cramp consumer spending in the most important quarter of the retail calendar? . 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’re expecting an especially strong result in our physical stores.
At least two significant forces are reshaping how and where consumers shop and their expectations of brands. Encouragingly, consumers are ready to increase participation in the circular economy. Consumers want businesses to make it more convenient to take part.” . In stark contrast, Finland is targeting 100 per cent by 2025 2.
As consumers manage cost of living pressures, it’s led to a pullback in spending across the retail landscape, particularly in non-discretionary categories. CommBank’s latest Consumer Insights Report shows that around one in four Australians have not enough, or just enough, to meet household expenses.
Consumer sentiment is, however, at a low ebb – hit hard by China’s stringent Covid curbs and a sharply slowing economy. “But it seems most consumers, particularly in the current environment, just want cheaper goods.” per cent to 3.6 Before 2020, the festival was a one-day event. per cent and 8.9
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. In the classic world, that was everything from shelf-wobblers to end-caps to promotions.
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.
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. I think we’ll start to see a return to normality,” Mortimer told Inside Retail. “I
Physical products can be sold with accompanying non-fungible tokens (NFTs), which allow consumers to own a digital version of the product. Representation of consumers by avatars in the metaverse means a market for digital clothes, digital homes and furniture, etc. Brand, product and promotion.
Let’s look at the conditions that were so favourable to this payment method, the inevitable regulations and consumer and media response. In fact, in Australia, almost three out of four Australians are aware of BNPL as a payment option and 70 per cent of consumers are aware of Afterpay.
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.
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). We know firsthand the impact of the event with the proper planning and strategy to place brands in front of the right attendees.
Out of numerous brilliant ideas, only a handful evolve into products that consumers truly desire. Marketing and Promo Marketing and promotion are absolutely essential for educating potential users about your product and driving sales. Long way negotiating begins: pricing, placement, promotional support are the starting points only.
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.
Left in the hands of the consumer, the returns process comes in many different forms and over a drawn out time period. 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.
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.
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. As the name implies, experiential marketing involves creating an immersive experience for the consumer as a means of creating a deeper personal connection.
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.
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. Products must be announced within a few weeks of CES and should be consumer-focused to qualify.
That happiness will be challenged on a number of fronts in the coming year, as events in politics, the macroeconomy, and a super-abundance of substandard retail property shape consumer spending and retailer operations. Much of the malaise has to do with Chinese consumers’ preferences shifting to the homegrown brands.
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