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Australian Christmas retailsales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Meanwhile, the Australia Retail Association (ARA) says Australian retailsales increased 12.9
Reporting by the business media of retailsales and other economic data produced by governments in developing Asia is often too trusting. Officially then, China’s retailsales rose by 4.7 per cent in the first quarter, with consumer goods up 3.1 The online share of total retailsales is now 23 per cent.
Under IMG’s leadership since 2005, AFW has elevated resort collections, showcased Indigenous designers and initiated a consumer-integrated model. The emergence of consumer-facing fashion events including PayPal Melbourne Fashion Festival and Melbourne Fashion Week has led some to question the relevance of a closed industry-only event.
The current Covid-accelerated e-commerce era has pitched Australian retailers in direct competition with each other not only within Australia, but with suppliers from all around the world. According to the NAB Online RetailSales Index, Australians spent $48.1 billion on online retail in the 12 months to May 2021, around 13.2
Add to that a natural increase (births minus deaths) of just over 200,000 over the same period and you have a material population gain to support retailsales growth. Even as immigration slows under political pressure to reduce numbers, retail industry professionals have reason to remain optimistic.
Keeping pace with consumer trends and changing behaviours is key to the success of retail operations, particularly when managing the impact of current global events on supply chains to ensure they’re able to consistently meet demand. .
Ramadan continues to be a crucial shopping period across Southeast Asia, with evolving consumer behaviours and market dynamics shaping the retail landscape. Growing demand has led some retailers to operate 24 hours a day to accommodate changing consumption patterns. This year, Ramadan began on February 28 and ends on March 30.
Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling. Consumer demand can vary by geography or by a single store.
For product startups, partnering with a retailsales agency often feels like a natural step. These agencies bring expertise, established relationships, and credibility to help your brand penetrate retail markets. Sometimes, the very agency you trusted to drive your retail success may start holding your business back.
According to data provided by Adobe Analytics, online Black Friday shopping in the US hit new heights in 2024, with consumers spending a record US$10.8 To put these numbers into perspective, that is more than double what US consumers spent online on Black Friday 2017, which drove US$5.03 billion online on Friday, up 10.2
Railpen, one of the largest pension managers in the UK, has announced Caledonia Park, its premium designer outlet village in Scotland, has experienced a record-breaking year for sales and performance.
.” In August, Amazon CEO Andy Jassy said average selling prices were falling because customers were trading down to cheaper items and buying more essential goods, and that sales of bigger ticket items like computers and electronics were growing “more slowly” than in a robust economy. per cent in the third quarter from 0.9
The eroding effect of lockdown is likely to hit retailsales, according to research by NAB which predicts cashless retailsales to fall 1.1 Consumer sentiment has managed to stay relatively flat across the country, though this is due to steep declines in certain states and sharp spikes in others.
Pre-tax earnings from its retail segment – that includes Dan Murphy’s and BWS – rose 4.1 per cent to $685 million as sales climbed 3.4 Its e-commerce sales jumped 5.9 per cent of total retailsales. per cent to $438 million as sales increased 4.2 per cent to $10.25 per cent to comprise 8.9
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per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retailsales were up 19.2 She said that consumers are already making cuts. Rising interest rates hits consumer and business confidence.
An invitation-only international expression of interest campaign was conducted and managed by Stonebridge’s Philip Gartland and Lachlan MacGillivray and Stewart Gilchrist of Colliers. MacGillivray said Homeworld Helensvale is in a “prime position” to take advantage of household spending and consumer demand post lockdowns.
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?
We’ve also noticed an increase in advertising for big sale events including Black Friday, Cyber Monday, Click Frenzy, and even Afterpay Day. Even before thinking about the specifics, the timing of these sales appears challenging for both retailers and consumers, not to mention supply chains.
Cost of living, combined with rising interest rates, have hit back-pockets, with consumers looking to restrict spending where possible. All of this has had a damaging effect on retailsales, which have been subdued in recent months. Small business has been particularly hard-hit. She stressed that this was not a factor for Biome.
And it added new “dollar shops” for consumers to pick through seasonal, more affordably priced items. As Neil Saunders, managing director and retail analyst at GlobalData, told Inside Retail , “Having produced a string of good numbers over the past few years, Walmart is currently one of the stars of the retail market.”
“It is quite the milestone, it does mean we’ve officially taken the designer crown of being the longest-running consumer fashion event in Australia,” Matthew Flinn, MFW senior manager, told Inside Retail. Since 2020, MFW has delivered $80 million in economic impact for the city of Melbourne.
Elijah Etri, Skippy’s Fresh Frootz manager at Victoria Point, Queensland, has started a new Tiktok challenge, encouraging viewers to head into their local supermarket and check the prices of comparable produce and products. Private-label brand sales account for 18.1 per cent overall of all FMCG retailsales.
How will consumers be spending their dollars in the week leading up to Christmas, what are retailers doing to entice consumers in-store and which retailers will benefit from this? Food for thought Natalie Davis, managing director of Woolworths Supermarkets, shared with Inside Retail that Woolworths expects to sell 2.8
Here in Asia Pacific, online retailsales are expanding at a compounded annual growth rate of 11 per cent, driving two-thirds of global online retail growth,” said Kawal Preet, FedEx president, Asia Pacific, Middle East and Africa (AMEA). now expect faster delivery, the Asian Retail Outlook 2021 survey reveals.
In the face of drastic increases in the cost of essentials, most consumers made rapid and wide-ranging spending cuts. With interest rates still high, even the normalisation of costs for many food items has not reassured consumers, and many intend to continue a cautious spending approach in 2023.
The group plans to review its retail operations and identify any new opportunities that a different corporate structure could bring to Smiggle and Peter Alexander, up to a potential demerger of the brands, and to analyse any potential capital requirements, management structures, and separation costs.
Designworks’ divisional general manager Brooke Norton told Inside Retail that the brand sells about 15 million units each year and is heading towards $200 million in wholesale sales. per cent, year-on-year retailsales growth in August 2022. Focusing on the consumer.
For consumers, there is a very strong desire to get out and enjoy life. per cent in September 2022 only slightly above 2019 levels and well down from the 2020 high of about 24 per cent, suggesting that the amount of dry powder in consumers wallets is declining. per cent last year, with the economy growing by an estimated 6.5
A number of retailers have affirmed analysis from Commbank’s Cost of Living Insights Report which showed that financial pressures aren’t hitting everyone equally. Spending among 35+ year old consumers had increased by 3.1 per cent on retail services for the 12 months to March, 2023. per cent on apparel, and by 9.7
Aptos , a leader in unified commerce solutions, today announced the findings of its 2023 Golden Quarter Consumer Survey. As this demographic gets older and gains more disposable income, they have become a key audience for retailers to engage. Currently, Gen Z is recognised as ages 11 through 26.
Research from E-marketer shows that global marketplaces accounted for 62 per cent of online retailsales last year up four points from 2022. We manage millions of parcels annually through our Parcelpoint Pudo network with some of the world’s largest marketplaces. Their share almost certainly rose further this year.
At the same time, retailsales have receded for two consecutive months – constituting a consumer recession. However, retail associations including the Australian Retailer Association (ARA) and the National Retail Association (NRA) have commended announcements aimed at supporting businesses and consumers.
With high inflation and climbing interest rates, consumer sentiment is set to plunge further, with retail spending set to decline in the June quarter. But what are the implications of a retail recession, and just how damaging will it be for retailers and consumers? The consumer is certainly hurting,” he said.
Data shows the rapid increase in online shopping that defined the first year of the global pandemic has started to fade, as the novelty of lockdowns wears off and government stimuluses run out, and online retailers that once enjoyed record highs are now working harder to drive sales. It’s a different situation.”.
It also has a significant online presence, claiming 50 per cent of all online Australian liquor sales. Dan Murphy’s is investing in both the online and offline consumer experience. This] overcomes the flavour barrier, that beer is perceived as bitter by some consumers, [and it] allows us to engage with a whole new customer base.”
Jaya Grocer’s deputy CEO, Daniel Teng, and Coles’ general manager of exports and fresh food commercials, Will Mulholland, sealed the deal at a symbolic ceremony at Jaya Grocer Starling Mall, witnessed by the Australian Deputy High Commissioner to Malaysia, Clare Gatehouse. The consumer sentiment index also dropped to 99.2
It’s a different price point to the rest of the product offering we have for the male consumer,” Morris said, pointing to PAS Group brands like Everlast and Lonsdale, which are primarily sold in discount department stores like Kmart. Before] these latest lockdowns, we were tracking extremely positively,” he told Inside Retail last month. “We
While it seems like most of the world is at home waiting for the storm to pass, brands that sell essential goods are busier than ever as consumers stock up: 1/3 of Coresight Survey respondents reported buying more food/household products than normal, and while overall economic activity may be declining the demand for essential products is peaking.
The tradition of gift-giving at Christmas drives billions of dollars in retailsales every year. In Australia alone, consumers are expected to spend $63.9 Charity retailer Salvos Stores aims to tackle the unintended waste around Christmas by encouraging more consumers to purchase secondhand gifts.
The last time Alibaba reported Singles Day revenue, in 2021, sales hit US$84.54 This year, 618 has instead proven just how hard it is to get consumers spending at all. “Chinese spend has been basically focused on sales opportunities and coupons. billion over the event’s duration.
The vaping industry – including manufacturers, importers and retailers – exploited these loopholes and openly sold products containing nicotine to young people by falsely claiming the products were “nicotine-free”. But as we know, these products often do contain nicotine.
Boosted by the Black Friday and Cyber Monday sales, November has overtaken December for retailsales for the past three years. November 2021 seems likely to again be crucial to Christmas trading results for retailers with consumers having been urged to shop early to avoid possible product shortages. per cent jump.
Her career path into retail started in-store at women’s fashion brand Bardot, before over a decade-long tenure at Sussan, where she finished as a regional salesmanager, before joining Sportsgirl as national salesmanager. At Sussan, I quickly knew I wanted to become an area manager.
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