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At a sub-category level, there are even bigger movers, which present opportunities for some retailers and heightened competition for others. Consumers attracted to value and convenience The year-on-year growth in general retail purchases has bucked recent trends. Consumer Price Index, Australia. Here are just some of the trends.
Revenue from other businesses, including the data and AI business Quantium and various support functions, increased 6.5 per cent amid strikes, changing consumer habits appeared first on Inside Retail Australia. .” New Zealand food sales inched 0.9 per cent higher to $3.9 billion, and W Living sales soared 16.1 per cent to $3.08
Better demand forecasting with AI Using AI algorithms to analyse historical sales data, seasonal trends and other market factors can help retailers predict future demand with higher accuracy. This helps manage consumer expectations as well as enhance profitability on limited stock. Another strategy with AI is dynamic pricing.
The marketplace has partnered with local nonprofit 211 LA to offer temporary free housing to displaced residents, providing a lifeline for those forced to evacuate due to rapidly spreading fires consuming homes and neighbourhoods. Just remember, this is not a time to drive sales or likes to your store.
Fewer orders, bigger baskets Although total orders were down by 15% compared to 2023, the higher AOV demonstrated consumers willingness to spend more strategically and free shipping thresholds, loyalty programmes, and bundle offers encouraged shoppers to increase basket sizes.
Retailers should start planning now to cater for the unique characteristics and behaviours of Gen Alpha who are likely to expect seamless, instant, and intuitive online shopping experiences, leveraging voice assistants, AI and other smart technologies, he added. Enter the next shopping trend that bridges sustainability and saving: Recommerce.
If youre a chocolatier or customer on Valentines Day and other seasonal events though, you might have been paying attention. It all adds up to a nasty bite to the pocketbook of consumers everywhere who are looking to shower one of the worlds favourite romantic gifts on their loved ones. Consumer confidence is weak and getting worse.
Consumers commonly invest in the product recommendations of their chosen influencer; others are turned away by what they deem inauthentic content. This paradox signals a growing trend: influencers can both entice and deter consumers. “In Influencer Red Flags For The Consumer: Beware of ‘Over-Sponsored’ content.
Australian retail is evolving at pace, and consumer expectations are higher than ever. Wunderkind s 2025 Australia Consumer Insights Report provides a deep dive into whats shaping online retail this year, based on responses from 500 Australian consumers.
Another way Ulta Beauty uses technology to enhance the customer experience is by investing in educational video content from beauty brands to enhance the store associate’s ability to educate the consumer about a product. Double down on the thing that makes it [the in-store shopping experience] special,” Renslow stated.
Last week, consumer-activist group The Peoples Union USA called for a 24-hour buying blackout of all non-essential goods on February 28, particularly from big-box retailers like Walmart , Target and Amazon. This is not the first time consumers have used boycotts as a means of protest in the US.
BNPL credit allows consumers to split their purchases into smaller, interest-free instalments. Our recent research uncovered a concerning insight: consumers who use BNPL services end up spending more money online than those who dont. We found that consumers who used BNPL spent an average of 6.42 Why might they be spending more?
When you think about the types of businesses millennials and Gen Z consumers frequent, apparel or beauty brands may come to mind first, but what about home goods? Research shows that millennials make up an increasingly large part of the consumer base for home goods and furnishings, which includes products ranging from bedspreads to furniture.
Offsite reviews are viewed as independent and unbiased, making them an essential tool for e-commerce businesses to build consumer trust. This finding challenges assumptions about consumer scepticism toward onsite reviews, suggesting that well-executed review sections with verified customer feedback can hold substantial weight.
per cent, and with secure pathways including a partnership with CleanCo in Queensland and contracts in other states, the retailer is set to reach its renewable goal in line with the RE100. The post Amazons Michael Cooley on how a wind farm is meeting the needs of the consumer appeared first on Inside Retail Australia.
This bond is what reassures them that their experience will always meet the same expectations, it’s what encourages or discourages return visits and, most importantly, affects the recommendation they make with others. Customers expect seamless integration between online convenience and in-store engagement.
The 15-day festival has held the title of Australias largest consumer-facing fashion week for some time, but its still kicking new goals, announcing that in 2024 it delivered over 10 per cent growth in attendance. I think the industry getting together and thinking about how to support each other is a good thing.
The Fast-Moving Consumer Goods (FMCG) industry is no stranger to challenges. AI image recognition FMCG is a technology that transforms how brands manage shelves, track inventory, and understand their consumer behavior. Real-Time Shelf Monitoring Manual shelf checks are time-consuming and prone to errors.
The Australian Competition and Consumer Commission (ACCC) launched the legal action in the Federal Court against Webjet for displaying “flights from $X” statements but omitting its compulsory service fee and booking price guarantee fee in the advertised prices between November 2018 and November 2023. .
Based in the US, Movado Group designs, sources, and globally distributes Movado, MVMT, Olivia Burton, Ebel, Concord, Calvin Klein, Coach, Tommy Hilfiger, Hugo Boss and Lacoste watches and to a lesser extent jewellery and other accessories, and operates Movado company stores in the US and Canada.
But according to one industry expert, the current UWU strike should not be viewed as an isolated incident separate from Woolworths’ other headline-making actions and allegations this year. “The When it comes to “The Big Two”, consumer sentiment remains low. And this isn’t good news for Coles either.
Im 52, but thinking back to when I was younger I could probably count on one hand the number of women out in the world, other than my mother [singer Diana Ross] who wore their natural hair texture. It is this deep understanding of how consumers want to be marketed to and the power of storytelling that Ross has achieved success.
After closing its first direct-to-consumer (DTC) store in Australia in the Sydney suburb of Woollahra, the brand initially planned to open a boutique in Bondi Beach. Coming to the consumer Ecoya has a strong online business partially attributed to its loyal following.
This is always a big event for Amazon but, despite even tougher competition from other retailers jumping aboard the discount bandwagon, Amazon remained the focal point and pulled in more shoppers than ever. . “During the quarter it was helped along by the summer Prime Day sale. This aids conversion.
More and more Australian consumers are relying primarily on mobile wallets , which are on track to replace bank cards within seven years. Were seeing a glimpse into a future where your phone is your entire wallet and all transactions are made via a mobile phone, smartwatch or other device, he said.
billion, with other retailing – which includes cosmetics, sports and recreational goods – soaring 8.4 Retail sales improved in October, with cosmetics, sports and recreational goods leading the increase, Australian Bureau of Statistics (ABS) data showed. Retail sales during the month climbed 3.4 per cent year on year to $36.7 per cent to $5.85
As part of the integration, some Monki stores will be converted into multi-brand Weekday destinations, while others will be closed. Earlier this year, the company quietly removed Monki’s larger sizes “due to low demand” and to cut costs, a move not well received by consumers.
This is a necessity for both new and old-generation retailers to succeed as more consumers move online to fill their shopping baskets. This foregrounds the pressure faced by traditional retailers to invest in technology to remain competitive and meet consumer expectations, or risk extinction. The UK is predicted to have 62.1
During the second quarter of this year, while performance in other regions remained bleak, Mattel’s international revenue grew thanks to a 6 per cent increase in Asia Pacific sales, reaching US$88 million. PF: At Mattel, we have a deep-rooted legacy in Asia Pacific, and we view our consumers as dedicated fans.
Its brands include Fiskars, Georg Jensen, Gerber, Iittala, Royal Copenhagen, Moomin by Arabia, Waterford and Wedgwood, among others. IR : You’ve mentioned a few brands in the portfolio that are quite big in Australia; is there any consumer demographic in particular in Australia that is loving these products? Christmas is huge.
BNPL credit allows consumers to split their purchases into smaller, interest-free instalments. Our recent research uncovered a concerning insight: consumers who use BNPL services end up spending more money online than those who dont. We found that consumers who used BNPL spent an average of 6.42 Why might they be spending more?
The ‘other retailing’ category which includes cosmetics, sports, and recreational goods recorded the biggest increase at 5.5 Any signs of stability in consumer spending are a welcome boost to business confidence, but we remain far from a retail recovery, Brown continued. Retail sales rose 3.6 per cent year-on-year to $37.1
In his view, successful brands are those that answer the customer’s question, or in other words, meet the customer’s demand. “If Yet, their adaptability, continued consumer focus, and strategic acquisitions have positioned them as a resilient force in Australian fashion retail today. If Myer is the answer, what’s the question?
With a strong commitment to reducing environmental impact and directing a substantial profit share to the Yalari Foundation, Yarnn is transforming how consumers think about everyday essentials. We put [Yarnn] out to the market as a direct-to-consumer brand, and we very much wanted to educate and inspire.
Vegan beauty has quickly become the industry standard in recent years but the rise in popularity of animal-based skincare hints at a shift in consumer behaviour. Now sheep wax and milk protein, along with other animal-based products, are readily available on pharmacy shelves and beauty counters branded as organic and natural alternatives.
For many retailers, these platforms have grown to consume the whole marketing funnel and their templated options have become the default. There are other areas of the marketing funnel that retailers can look to explore before going all in on paid media, including local area marketing.
The odd one out Last week, LVMH reported a 3 per cent fall in sales for the third quarter, which the company attributed to China’s weak consumer confidence. per cent) and other European countries €1.55 The company has posted a sales increase of 11.3 Fashion and leather goods fell 5 per cent to €9.15 billion for the third quarter.
While the mill’s workforce has shrunk considerably – it numbers 31 today – and its machines no longer run on hydroelectricity, in other ways, it hasn’t changed at all. Getting that right has been really important to us, and the other thing is getting our story right,” Giles-Kaye said.
Sigma Healthcare and Chemist Warehouse secured clearance from the Australian Competition and Consumer Commission (ACCC) to proceed with their proposed merger after accepting an undertaking. ” Cass-Gottlieb noted that consumers value the offerings of the two pharmacies differently. .
The nations largest supermarket groups and the Australian Retailers Association leapt the the industrys defence in the wake of the Australian Competition & Consumer Commission (ACCC)s much-anticipated Supermarket Inquiry on Friday. As per the ACCC recommendation, Woolworths already publishes all product prices online.
Our merchandise process also ensures we conduct thorough checks during the product ranging and development process, to ensure we are not infringing the rights of others. However, Amazons seller guidelines have encouraged Dreamfarm and other innovation-first brands to start patenting their products once again.
The fast-casual restaurant sector has experienced a notable rise in Australia, driven by shifting consumer preferences towards high-quality, convenient and affordable dining options. However, we also offer consumers quality produce. If you go into a well-rounded retail mix, you have both styles from [across] the spectrum, he said.
While there are some more obvious steps retailers can take to bolster sustainability such as switching plastic-based bags for paper alternatives and putting in place product recycling schemes, other actions may not be so apparent. These glue-free tiles are not only durable and easy to maintain but also recyclable at the end of their life.
Reason 1: The competitive and increasingly sophisticated e-commerce landscape The early advantage that Catch and other pureplays enjoyed has eroded significantly, Mal Chia, managing director and co-founder of Ecom Nation, told Inside Retail. This triggered an immediacy for the products and capitalised on consumers fear of missing out.
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