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Retailsales improved in October, with cosmetics, sports and recreational goods leading the increase, Australian Bureau of Statistics (ABS) data showed. Retailsales during the month climbed 3.4 billion, with other retailing – which includes cosmetics, sports and recreational goods – soaring 8.4 per cent to $5.85
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
The latest retailsales figures are really quite incredible. According to the Bureau of Statistics (ABS), retailsales rose by 0.6 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 per cent bump.
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. If you only look at the stock turn, you may be too late to determine the root cause.”
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.
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.
For this to work successfully, publishers, advertisers and brands will need to collaborate to ensure that future relationships with consumers are built on the trusted exchange of information. Now is the perfect time to test your new strategies and measure them against your actual sales, using a reliable and proven method.
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. This time last year, we were all still in lockdown.
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.
Hong Kong retailsales continue to experience a recession, reporting a double-digit drop in two consecutive months in May and a 6.1 A government spokesman said the decline in sales was mainly due to the changes in the consumption patterns of visitors and residents, as well as the strength of the Hong Kong dollar.
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.
As we approach the busiest time in the retail calendar year, one question looms: How can retailers revive sales in a landscape of unstable inflation and changing consumer habits? The latest Consumer Price Index (CPI) figures show inflation has fallen to within the RBA’s target band at 2.8 points in September.
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
In a rollercoaster year for retailsales, a survey of retailers has indicated an optimistic outlook for store network growth. In what the national property agency CBRE described as a ‘flash survey’, 83 per cent of Australian respondents across a snapshot of the Asia Pacific region indicated expansion plans.
MacGillivray said Homeworld Helensvale is in a “prime position” to take advantage of household spending and consumer demand post lockdowns. Continued work from home and a reduced supply in the residential market has also boosted key large format retail categories, with many outperforming broader retailsales growth,” he said.
We understand that organising training can be time consuming… But, delivering training online can take the hassle out of planning staff training. The post Training retailsales teams? Here’s why face-to-face won’t cut it anymore appeared first on Inside Retail.
Vincom Retail is Vietnam’s biggest mall operator by dint of opening malls here, there and everywhere, but is this the right strategy? Its continuing stagnation in key operating metrics on a year-over-year basis, despite rising retailsales and a sound economy, is concerning. per cent in the first nine months of the year.
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. Christmas planning cycles.
Meanwhile, the gross merchandise value (GMV) of Southeast Asia’s e-commerce market is expected to grow by a CAGR of 17 per cent from US$129 billion in 2022 to US$280 billion in 2027, and the number of digital consumers in the region is expected to grow to 370 million by the end of 2022. Lazada’s Birthday sale is another big draw.
Solomon Lew’s plan to spin off Premier Retail into individual business units, announced in August, appears to be moving full steam ahead, as kids’ stationery brand Smiggle and sleepwear brand Peter Alexander investigate potential international expansions. Lew wouldn’t disclose who Premier Retail’s partner in UAE is.
For this to work successfully, publishers, advertisers and brands will need to collaborate to ensure that future relationships with consumers are built on the trusted exchange of information. Now is the perfect time to test your new strategies and measure it against your actual sales, using a reliable and proven method.
Australian retailers generally fared well over the last 18 months during the Covid-19 pandemic, despite temporary store closures as part of government-imposed lockdowns, although headwinds may be on the horizon. A look at consumer sentiment and spending . Consumer sentiment fell by 3 per cent to 81.2 Retailsales increased by 1.3
Retailers worldwide have battled slowing conditions, with Australian footwear giant Accent Group and American fashion brand Guess recently highlighting the impact lower consumer confidence is having on the wider market. Still, many shoppers have indicated that they are planning to wait for ‘better deals’ closer to the end of the year.
Retail-specific influencers play a significant role in promoting products and driving sales for brands at specific retailers. Additionally, influencer campaigns can be a useful tool to help increase your audience reach and consumer product education, so they are informed prior to shopping.
Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. Sales have increased by around $1.5
The ACCC will not oppose Woolworths Group’s plan to acquire food distributor PFD Food Services following a detailed investigation. And] while there were concerns expressed by some suppliers, many suppliers did not raise competition concerns.”.
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.
Total sales for the year in China were US$7.5 per cent of global sales compared with 14.2 According to the China National Statistics Office, retailsales of all consumer goods through the first five months of the year have grown by 4.1 However, the gap is closing: while sales of goods in May grew by 3.6
Australia, like many other regions, is witnessing a significant shift in consumer behaviour, with e-commerce playing an increasingly integral role in the retail landscape. According to recent statistics, online retailsales have experienced substantial growth, reaching a staggering $40.2 billion in 2022.
Wholesale sales under Makros four different banners grew by 4.7 Note that although Makro is billed as a wholesaler, its customer base includes an enthusiastic consumer segment that prefers the Makro bulk-buy experience and uses it as an alternative go-to for products it cannot get at a regular supermarket. per cent, to 71.7
The retail industry in Malaysia has struggled during Covid, but shopping centre Pavilion in Kuala Lumpur has continued to find a way to reach consumers. Here, we chat with CEO of retail, Dato’ Joyce Yap, about the future of malls and how sector have evolved in the past year.
According to Norton, Designwoks plans to expand in four key areas. per cent, year-on-year retailsales growth in August 2022. We feel positive with most of our brands going into Christmas, and [if] spending stays in Australia, like it has the last couple of years, that’d be a great thing for Australian retail.”.
PAS Group plans to open three to five Replay stores before deciding on a broader rollout. PAS Group is also exploring wholesale distribution of the brand through the likes of David Jones and independent menswear retailers. It also plans to launch a local online shopping site. The first store is set to open in February.
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? per cent higher than last year, with ultra-luxury brands expected to be most disappointed in sales this year.
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.
The details According to Mulholland, Coles, in collaboration with Jaya Grocer and GrabMart, plans to offer an exceptional range of Australian products that reflect the high-quality ingredients and flavours of Australia. The consumer sentiment index also dropped to 99.2 Malaysia’s inflation rate has remained steady at 3.9
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.
Dan Murphy’s is investing in both the online and offline consumer experience. Pfeiffer-Smith did not directly address the decline in beer sales and its effect on Dan Murphy’s; however, she did note there is a great opportunity for all drinks categories, including beer, to innovate to meet changing customer needs. per cent in 2020. “We
Pattern Australia has released its fourth annual report on consumer considerations and e-commerce. Impressively, Amazon has managed to hold onto the accelerated gains it made in the last two years when consumers were in lockdown, and the research finds that e-commerce shoppers have no plans to slow their spending on the marketplace in 2022.
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.
A retail business has a fair share of rewards and challenges. Consumer needs are rapidly changing, especially in this pandemic crisis. You should always prepare for the worst because you won’t likely hit sales in all seasons without a solid sales and marketing plan and continuous sales monitoring.
Australian retailsales are on the rise, but new research suggests that this growth is driven by inflation, not by consumers buying more. The record-high cost of doing business in Australia is passing prices on to consumers . Those p rice increases lead to decreased consumer sentiment and discretionary spending.
Other retailers such as Walmart, Target, and Wayfair offered their deals in September and early October as well. Inflationary Pressure — Consumers today feel tension from rising prices, geopolitical conflicts, and an unpredictable job market. retail growth in Q1 2024. retail growth in Q1 2024.
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