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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.
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. Changed shopping behaviours….
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. This shift is reflected in the launch of Deliveroo Shopping.” million this year.
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’s consumerelectronics sector has seen a sign of recovery. billion, in 2023.
The world’s largest retailer shared expansive plans for the future of retail at the recent ConsumerElectronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Embracing AI Walmart’s goal is to make shopping experiences effortless, engaging and personalised.
During the Covid lockdowns, Costco remained a ‘destination shop’ for Melbournians as members travelled long distances to shop at the store, buying in bulk when regulations allowed. According to The Australian, Costco Australia’s sales in the year to August rose from $2.6 billion in 2020 to $2.8 billion last year.
As restrictions ease, and consumers in Australia’s most populous states regain some basic freedoms, the recovery can now get underway. However, while retailers and consumers alike would be eager to put 2021 behind them, the research suggests recent events have yet again reshaped the way people shop and spend.
Over the past two years, many Australian consumers have reset their expectations of the brand and customer experience. Having endured the pandemic and moved by escalating social and environmental causes, more consumers want to act for the greater good and expect businesses to follow. The power of purpose. Balancing purpose and profit.
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.
including consumerelectronics, toys, games, books, kitchen, home, and more. On opening day, customers will see Mattel’s must-have toys, the newest building sets from LEGO, best-selling books near Bluewater, Joseph Joseph’s trending kitchen gadgets, and a variety of highly-rated consumerelectronics, just to name a few.
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. JB’s Hamilton store on New Zealand’s North Island, for example, has been relocated from the CBD to a shopping centre.
For many Australian retailers, the start of November marks the beginning of peak season and all that comes with it: packed stores, products flying off the shelf, big discounts and major online shopping events. Will the rising cost of living cramp consumer spending in the most important quarter of the retail calendar?
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.
At least two significant forces are reshaping how and where consumersshop 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.” . Circular initiatives in action.
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.
The assets and opportunities of retail media include websites, EDMs, apps, in-store media – such as aisle-end or on-shelf displays and radio or TV – along with retailers’ social-media channels like Facebook, Instagram, TikTok, Pinterest, YouTube, Snap and LinkedIn, and online platforms like Google Search and Google Shopping.
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.
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. As a result, many Australians are encouraged to start their Christmas shopping early to avoid disappointment.
Although some shoppers will be looking forward to returning to their favorite brick-and-mortar retailers, others may now be inclined to still shop from the comfort (and safety) of their couch. However, these consumershopping behaviors vary from shopper to shopper and even between retail segments. ConsumerElectronics.
A softening of consumer demand . Both 2020 and 2021 saw record-breaking levels of consumer demand brought about by the pandemic and subsequent lockdowns. While there are some signs of inflation beginning to correct itself, it could be some time yet before general consumer costs return to normal.
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. India boasts a staggering 750 million active internet users armed with smartphones. With a substantial percentage of its 1.4
As Alibaba Group wraps up the world’s biggest online shopping festival on Friday, the operative word seems to be flat – potentially flat sales and flat in tone with the Chinese e-commerce giant not even holding its usual gala show. “But it seems most consumers, particularly in the current environment, just want cheaper goods.”
Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? Mortimer explained that the quick drop can be attributed to the long lead times for deliveries, and that Christmas shopping is mostly done in November. But we’ve come a long way.
Tech accessory juggernaut Casetify is making waves in the American retail landscape via its landmark partnership with consumerelectronics giant Best Buy. She added that consumer sentiment was a big factor in driving Casetify’s online sales, which helped the brand weather the pandemic while posting sales growth at a healthy pace. “We
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.
In Facebook and other metaverses, people can work and do business, play games, meet up, learn and shop. The metaverse can play a role in shopping for physical and digital goods. Physical products can be sold with accompanying non-fungible tokens (NFTs), which allow consumers to own a digital version of the product.
Each week, all Søstrene Grene shops receive a wealth of new, exciting products, and some are only sold for limited periods. Meanwhile, Mr Simms Sweet Shop, the UK’s largest chain of traditional sweet shops, will be opening its first outlet in Bracknell after signing a 10-year lease for a 500 sq ft unit at The Lexicon.
“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.
With the flexibility of purchasing in store or using their phones to buy online and ship to their homes, customers can now tailor every aspect of the shopping experience.”. Customer-Driven Touchless Retail Experiences. The solution has endless development possibilities and can be adapted to customize virtually any in-store experience.
HAYWARD, CA – (November 18, 2021) – OnQ , a leading manufacturer of custom retail displays, today released results of a national survey, QR Code Consumer Use Study , which explores how shopper behavior around QR codes has evolved since the onset of the COVID-19 pandemic. For more information, visit www.onqsolutions.com.
Over the subsequent four decades he held leadership roles at a range of companies serving the retail and consumer packaged goods (CPG) spaces, focused primarily on shopper engagement technologies and category management best practices at retail. For more information, visit www.onqsolutions.com.
We work with a range of industries, from consumerelectronics to lifestyle products, and specialize in both offline retail and e-commerce strategies tailored to the unique dynamics of the region. Unlike Western markets, APAC encompasses a wide range of cultures, languages, and consumer preferences.
Describing the new store in Retail Week, John Ryan describes the buzz around the new retail design: “You might have thought that a shop selling pretty much nothing but electrical implements that either blow or suck air would have relatively limited appeal.
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). ??
Consumer Technology Association (CTA)- CES 2024: Consumer Technology Association hosts the premier conference for tech powerhouses and innovative startups. It’s even considered the Super Bowl for global consumerelectronics and consumer technology. This is by far the largest show of its unique type.
It is worth remembering what retail is about at the broadest level possible: It’s about making people happy by giving them things they want and helping them enjoy the process of shopping for them. Much of the malaise has to do with Chinese consumers’ preferences shifting to the homegrown brands.
It’s also exactly what happened to Lora Haddock, who exhibited her Osé robotic massager at the world’s biggest tech conference, the ConsumerElectronics Show (CES) in 2019. Having a platform at CES will help, as will the changing face of adult retail shops. For Lora DiCarlo, the progress has been quick too.
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