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This Christmas, UK shoppers showed a clear shift towards sensible spending, prioritising useful, practical gifts over luxury and indulgence. This shift suggests that consumers are spending less frequently but investing in items that offer durability and practicality, aligning with broader economic constraints.
As Australia turns the corner into 2025, the gift card industry is undergoing a remarkable transformation, reshaping how Australians celebrate special moments and navigate their budgets. This growth reflects new consumer behaviours, with gift cards becoming an integral part of daily life for Australians. billion in 2020.
The Black Friday Cyber Monday sales period has expanded to become ‘Black November’ this year, with many retailers and brands starting their promotions earlier than ever. However, many consumers only appear willing to buy if there’s a significant markdown involved, so where does that leave retailers?
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. For example, searching for ‘birthday’ will present users with a selection of relevant gift options.
Black Friday is now an established festival of discounting, with many retailers offering up an entire month of discounting and some even starting Black Friday promotions as early as October,” Gary Whittemore, Head of Sales EMEA & APAC at RetailNext, commented. “But year-on-year , significantly weaker than September’s retail revenues.
The Super Bowl is one of the biggest televised games of the year and may be the one time consumers are willfully glued to their screens awaiting ads. Unfortunately, US-based prebiotics soda brand Poppis Super Bowl campaign failed to meet consumer expectations.
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 retail sales growth. So as the going got tough, what did retailers learn?
In this blog, we’ll explore the five new retail trends that are shaping the personalisation gift market in 2023. From the rise of WonderDays experiences to the growth of gift vouchers, we’ll delve into unique and innovative ideas that will make your gift stand out.
“When Lisa shares her affection for Labubu on social media, it resonates emotionally with her followers,” Pop Mart’s international public relations manager Leilei Liu told Inside Retail about why the singer’s posts have such a big impact on consumer behaviour. Emerging markets Global expansion is now a major growth driver for the business.
The shift towards thrifting (a more circular economy) seems like a win-win – good for consumers, brands, and the planet. But at the end of the day, whether you’re buying second-hand or brand-new, you’re still buying and consuming. As an occasional buyer and seller of second-hand fashion, I’ve been watching the trend with interest.
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. Over $1000, with over $400 of that going to holiday gifts specifically.
In an Australian retail environment defined by heightened competition and consumers tightening their wallets, acquiring new customers – and keeping them – is proving a critical challenge for many retailers. To draw foot traffic to the opening day of its Brisbane store, July promoted a competition via social media and local advertising.
billion in 2020 (Mordor Intelligence, 2021), Australians are major consumers of health and beauty products worldwide. Progressive retailers should be leveraging this white space to provide replacement experiences that give consumers an equal sense of belonging and connectedness to the brand, and to their family and friends, from home.
“Aside from payments, we know merchants are also looking for simpler ways to integrate gifting, loyalty and direct marketing platforms to engage customers while maintaining direct relationships.”. Covid increased the pace of consumer behaviour change. The big benefit of investment in payments technology for consumers is convenience.
In saying that, people are actually beginning to feel better about the economy and their own personal finances, Levine said, with consumer confidence topping 80 for the first time in several months, and Roy Morgan’s data showing people are largely comfortable with their personal finances and expecting to be even better off next year. “I
New research from Shopify which gathered responses from over 4000 consumers and 500 businesses across Australia and New Zealand revealed that value for money is a top desire among shoppers at the moment, along with a growing interest in sustainability. .
Travellers thronged railway stations and airports on Friday, clutching large suitcases and gifts such as boxes of fruit as they joined millions of Chinese returning to their hometowns to celebrate the Lunar New Year festival with family.
Boxed chocolate brand Celebrations has launched a new TV advert in the build-up to Christmas 2021, encouraging consumers to buy the product as a gift to share all year round. The campaign encourages party-goes, gift-givers and “celebrators of all ages” to “Bring the Whoop Whoop” and celebrate whatever the time of year.
With a slew of high-impact shopping events driving consumer spending, this is your prime opportunity to maximize revenue, build brand awareness, and move products off shelves quicker than at any other time of the year. Many purchases are carefully planned as consumers actively track deals several weeks in advance.
Its a time of heightened consumer spending, aggressive promotions, and operational intensity. Sales trends This time of year provides a unique lens into consumer behaviour. Was it a specific promotion, product, or referral? The holiday sale season is a whirlwind for retailers.
Even before thinking about the specifics, the timing of these sales appears challenging for both retailers and consumers, not to mention supply chains. Noticing these challenges, we teamed up with Associate Professor John Hopkins to explore how BFCM might be impacting Christmas, from supply chain to consumer behaviour.
Aptos , a leader in unified commerce solutions, today announced the findings of its 2023 Golden Quarter Consumer Survey. The report found that the majority of Gen Z shoppers plan to spend more or the same on Christmas gifts compared to last year and that visiting stores during the festive period is a top priority.
The country’s growing economy and expanding middle class have created a favourable environment for global brands to set up shop and tap into a new consumer base. billion Direct-to-Consumer (D2C) shipments by 2030. In recent years, India has emerged as a major market for luxury brands.
Product displays are transformed with a festive twist, featuring Christmas-themed versions that not only promote offers but also connect products to the joyful and gift-giving spirit of the season. They go beyond promoting products; they create lasting memories and emotional resonances.
” On the day, single people treat themselves with gifts and presents, while also organizing social gatherings and parties. How much do consumers spend? While Alibaba started “Double 11” in 2009 to win over online shoppers with discounts and promotions, China’s major e-commerce platforms now all take part in it.
Consumers believe that sellers, distributors, and e-commerce stores share responsibility for ensuring product authenticity, with a desire for more ways to verify authenticity and reliable customer service. Discounts, promotions, and sales are the top priority for e-commerce shoppers, followed closely by a desire for value-for-money products.
Luxury pop-up stores become essential brand levers amid the bustling atmosphere, presenting a distinct and enchanting shopping experience for consumers. Limited-edition releases and special bundles generate excitement, attracting discerning customers on the lookout for distinctive and opulent gifts.
Similarly, a birthday or anniversary flow can be set up – with or without a price drop promotion – targeting gift-givers or customers who want to treat themselves on their special day. The promotion boosted Arizona’s off-season revenue by 201 per cent. “In
The cost-of-living crisis is changing how consumers purchase and use gift cards, with almost half (47%) of British consumers taking advantage of gift card promotions such as bonus card value or discounts to combat inflation, according to The UK Prepaid Consumer Insights Survey released today by Fiserv, Inc.,
Last year, UK shoppers were tipped to have spent almost £1.63million on Super Saturday, as they topped up on last minute gifts and headed in-store to avoid Royal Mail strike disruption impacting online deliveries in the final shopping days before Christmas.
The cost-of-living crisis is changing how consumers purchase and use gift cards, with almost half (47%) of British consumers taking advantage of gift card promotions such as bonus card value or discounts to combat inflation, according to The UK Prepaid Consumer Insights Survey released today by Fiserv, Inc.,
As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Founded in 2012, lingerie label Neiwai (meaning ‘inside and outside’) is another direct-to-consumer label that began online.
He said, however, that there is strong support from many consumers for a Dan Murphy’s store in the NT, but he wouldn’t confirm whether it’s something Woolworths would consider in the near future. “We According to Bowden, now more than ever, consumers expect brands to deliver upon moral, social and ethical goals. “At per cent. .
While there’s no denying that streaming giants Netflix, Amazon Prime and Spotify continue to hold a firm grip on these markets, HMV is hopeful that consumers still have a space in their hearts, and wallets, for the humble music store. “As HMV is also pushing store-based promotions and giveaways to drive customers back through the doors.
Clothing and accessories retailer Michael Kors has promoted Robin Gendron, its retail and e-commerce vice president of the Europe, Middle East and Africa (EMEA) markets, to president. Michael Kors appoints new president for EMEA region.
Categories on the rise at newsagents include gifts, homewares, toys, games, puzzles, stationery and office essentials, while some businesses are also adding other service offerings such as coffee, flowers, books and dry cleaning. Newsagents also play a pivotal role in the accessibility of print publications such as newspapers and magazines.
Consumers are still feeling enormous financial pressures, and many are heading into this period with little optimism towards their finances. Such economic strain is leading to behavioural changes in the way consumers are shopping and planning their festive budgets. But this shouldn’t just be a retail race to the bottom.
There are new platforms to join, memes to know, and trends to participate in, not to mention major retail events, such as Black Friday, Mother’s Day and other recurring holidays to promote. Simple message, an unthinkable new product, makes consumers stop and think and hopefully have a chuckle – something we all need at the moment.
Like any market, there are both positive and negative aspects to consider regarding consumer experiences. In this article, I explore the effects of Christmas markets on consumer behavior, researching into the positive and negative dimensions. Handcrafted Gifts: Handcrafted gifts and ornaments are a staple in European Christmas markets.
According to ARA boss Paul Zahra, much of this spending is set to be bargain-driven, as consumers seek savings where possible. However, many consumers are searching for value as well as price in their gift-giving, and want to buy products in line with their values. per cent on the previous year.
Retailers are enduring dynamic and challenging times as supply-chain disruption continues and consumer behaviour changes, both brought on by living in the Covid era. Consumers increasingly want a seamless and consistent shopping experience across a growing number of offline and online touchpoints. Offer gift cards.
When consumers search for holiday content online and in stores, they are still more likely than not to encounter Christmas-themed movies, home decor and gifting items. A separate report from Statista confirmed that in 2022, US consumers spent an average of $920 on Christmas gifts alone. billion and $966.6
For example, its Magnum Eco collection incorporates recycled materials, such as post-consumer waste plastics, to create durable and high-quality luggage that significantly reduces its environmental footprint. He said the brand is committed to promoting circularity throughout the product life cycle.
This time, we have selected five great opportunities during the first half of the year with insider tips on how brands can build communications and promotions around them to enhance customer engagement and drive conversions. Many consumers eagerly await April 1 every year to see what brands – and media – are going to “announce”.
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