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Globally, a different retail customer has emerged with new behaviours and decision-making criteria. In KPMG’s Responding to consumer trends in the new reality report, our research details findings from 75,000 consumer survey responses taken over four months, from May to September 2020, across 12 countries. Erosion of trust.
However, the merger plan faces a likely regulatory hurdle after the Australian Competition and Consumer Commission has indicated a number of competition concerns. The Myer takeover of Premier Retail’s apparel brands seems certain to succeed as part of Solomon Lew’s restructure of his retail investments.
The themes on display are often indicative of the global trends affecting consumers and retail. In the past year or so, KPMG has published global research papers that add further insights to the big trends affecting retail models and consumer behaviour. What do consumers think and how are retailers using it?
Retailchain results for the latest financial year indicate spectacular growth in online sales and, in many instances, a dip in the average sales per store. per cent of total retail spending in the year to June 2021, after excluding cafes, restaurants and take-away food.
Earlier this month, several members of the Nordstrom family, including the company’s CEO Erik Nordstrom and president Pete Nordstrom, offered to acquire the legacy departmentstorechain for US$3.8 billion in partnership with Mexican retail company El Puerto de Liverpool. Today it is valued at just US$3.7
Globally, a different retail customer has emerged with new behaviours and decision-making criteria. In KPMG’s Responding to consumer trends in the new reality report, our research details findings from 75,000 consumer survey responses taken over four months, from May to September 2020, across 12 countries. Erosion of trust.
The booming retail business Aside from the retail properties, SM Investments also has a separate retail arm consisting of about 3850 departmentstores, supermarkets, hypermarkets and specialty stores. Same-store sales have been increasing at a rate above 6 per cent and twice that at its 74 departmentstores.
Improved sales flowing through to rents In recent years, with retailchains aggressively pruning their real-estate portfolios, sometimes withdrawing completely from national markets, it has become increasingly important for shopping-centre operators to ensure that they are not overly dependent on revenues from one or a small number of tenants.
For example, a franchise of an international retailchain , Uniqlo, recently posted its salaries, including RM2,400 (US$528) for a retail associate role, and RM2,800 (US$616) for a senior retail associate role. . What is lacking is [an incentive] to call out bad pay,” he said.
One day in the not-too-distant future, consumers will be able to walk into mainstream retailstores and buy pleasure products like vibrators and dildos without raising an eyebrow. The French adult retailchain Passage du Désir is a good example of this, Plettenberg said. This process has already begun.
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