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Why consumer spending in one retail category is outpacing all others

Inside Retail

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.

Other 147
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Woolworths profit falls 20.6 per cent amid strikes, changing consumer habits

Inside Retail

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

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How AI could solve product returns and other supply chain challenges

Inside Retail

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.

Other 130
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How Airbnb, Taco Bell, other businesses are aiding California wildfire victims

Inside Retail

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.

Other 130
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Sensible gifting took centre stage as consumers embraced practicality this Christmas

Retail Focus

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.

Gifts 147
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The consumer preferences driving the next generation of e-commerce

Inside Retail

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.

Consumer 130
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Japan’s retail sector faces challenges amid weak consumer confidence

Inside Retail

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.

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