This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As we know, today’s consumers are doing much of their shopping online. The number of touchpoints to reach them and the amount of data being generated, continues to skyrocket, which can sometimes make for a very disjointed customerengagement strategy. . billion on online retail , accounting for around 13.2
Indeed, many retailers will happily say goodbye to 2024, a period when high inflation and interest rates remained persistent and an ongoing cost-of-living crisis crushed consumer sentiment to its lowest in 45 years, all of which resulted in anaemic national year-on-year retailsales growth. How did they adapt?
Australia, like many other regions, is witnessing a significant shift in consumer behaviour, with e-commerce playing an increasingly integral role in the retail landscape. According to recent statistics, online retailsales have experienced substantial growth, reaching a staggering $40.2 billion in 2022.
per cent this year, resulting in a boost in retailsales. Retail analyst at GlobalData, Koyel Ray, said Apac’s airport retailsales fell by $10 billion in 2020 before rebounding slightly last year to $11.8 Airport retailers are welcoming data technological innovation to improve customerengagement,” Ray said.
The retail industry in Malaysia has struggled during Covid, but shopping centre Pavilion in Kuala Lumpur has continued to find a way to reach consumers. Here, we chat with CEO of retail, Dato’ Joyce Yap, about the future of malls and how sector have evolved in the past year.
Welcome to December and the chance for retailers to redeem themselves with customers. Historically, the highest retailsales and earnings were generated in December in the weeks leading to Christmas and the following Boxing Day sales. Short-term gain for long-term pain?
As demographer Simon Kuestenmacher observed in an ABC interview, the changes in consumer buying behaviour during the pandemic have been significant. Despite most shops being closed, retailsales rose 11 per cent during lockdown, largely because people didn’t have much else to spend money on. per cent before the pandemic.
It has drawn people out of their homes to play in the streets – as they chase those elusive Pokemon through parks, down the high street and into retail stores. A recent survey by Verdict and British Land suggests that despite a consumer shift to digital sales, bricks-and-mortar stores play a part in 89% of all retailsales.
Brick and Mortar Retail Stores: A Place to Try, Touch, & Taste. Although consumer return rates normally hover between 25-30%, Narvar reports that they skyrocketed to 70% in 2020! Consumers will get the gratification that comes from in- store shopping , and stores will have lower inventory and personnel requirements.”.
Stitch Fix is able to offer personalisation at scale, which given recent moves in consumer behaviour, habits and expectations due to the pandemic, is more important than ever. Clearly customers have become accustomed to the convenience of shopping online, given the many advancements brands have made to their offerings.
So retail is? You cannot rely on the retailsales side alone says Cracknell Wright. This shop is able to sell single gaming cards with consumers happy to pay eye-watering figures to get that coveted and needed card for their perfect deck. What of the future? Getting back to events is the big thing at the moment.
With total retailsales projected to reach $350 billion this year, Vietnam is rapidly becoming a key player in Asias retail landscape. Savills explores the key drivers of growth, market challenges and future opportunities shaping Vietnams retail industry this year. per cent year-on-year in Q4 last year.
This story is from our 2025 Australian Retail Outlook. Economic recovery, technology adoption and shifting consumer priorities will shape the future of Australian retail in 2025 and beyond. Looking ahead to 2025, the key question is adaptation: will retailers evolve or be left behind? Download the full report here.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content