Inside Retail

JUNE 28, 2023

Clothing, footwear, and accessories sales were up 4 per cent followed by department store sales at 3.4 Due to “cooler than average weather” and early promotional activity, “modest growth” was observed in other retailing at 2.2 By state, ACT led with the highest growth in retail turnover at 9 per cent followed by SA at 6.5

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Inside Retail

JULY 10, 2024

Hong Kong retail sales 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.

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Inside Retail

JULY 18, 2024

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. There is no practical limit to the number of sales events AI can ingest and process.

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Inside Retail

AUGUST 3, 2023

New ABS data has revealed a third consecutive quarter of declining retail sales measured by volume, effectively showing the nation’s ‘retail recession’ has now extended to nine months. Volume data excludes the impact of inflation on retail sales, which have been trending up for much of this year.

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Inside Retail

SEPTEMBER 26, 2024

Many Australians have lost trust in supermarket pricing, with more consumers now comparing prices between stores before making a purchase. “Many consumers have told us that they are losing trust in the sale price claims by supermarkets,” said Mick Keogh, ACCC deputy chair.

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Inside Retail

JULY 22, 2024

Its economic data analysis will include retail sales at its August meeting with speculation around another increase in interest rates. Retailers are praying for a most unlikely cut to interest rates or, at least, a hold on them at the August board meeting. per cent fall in seasonally adjusted sales.

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Inside Retail

NOVEMBER 9, 2022

Black Friday and Cyber Monday sale events have turbo-charged Christmas trading, with the month of November overtaking December in total retail sales for each of the past three years. Retailers are hoping for more Christmas cheer this year from Black Friday on 25 November and the Cyber Monday promotion three days later.

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Inside Retail

JUNE 30, 2024

The bad news was that company CFO Mat Friend admitted that Nike fell short of its plan, telling investors on its June 27 conference call: “We experienced meaningful shifts in consumer traffic in key markets – particularly in Greater China, where brick-and-mortar traffic declined as much as double-digits versus prior year.”

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Retail Bound

MAY 9, 2023

Influencer marketing is a form of marketing where businesses partner with social media influencers to promote their products or services. Retail-specific influencers play a significant role in promoting products and driving sales for brands at specific retailers.

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Inside Retail

NOVEMBER 7, 2022

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.

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Retail Focus

DECEMBER 10, 2021

Supply chain issues and pandemic-related shortages continue to impact retailers worldwide, while the ever-accelerating shift to online shopping has left gaps in the high street – with House of Fraser the latest big name to announce it is closing its Oxford Street store in January. . Despite this, there are some bright shoots of recovery.

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Inside Retail

NOVEMBER 13, 2024

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.

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Inside Retail

MAY 22, 2023

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

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Inside Retail

JULY 27, 2023

Retail spending grew 2.3 per cent year-on-year in June as consumers spent more than $35.1 The most “significant” sales increase was in cafes, restaurants and takeaway services at 8.6 There was extra discounting and promotional activity in May, leading up to mid-year sales events.

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Retail Focus

NOVEMBER 28, 2024

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

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Inside Retail

NOVEMBER 17, 2024

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.

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Inside Retail

MARCH 14, 2024

Earlier this week, Etri told A Current Affair, “If you start shopping local at places like this that are offering prices that benefit the consumer, then you are going to see more businesses open that are doing the same thing. Private-label brand sales account for 18.1 per cent overall of all FMCG retail sales.

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Retail Focus

DECEMBER 9, 2024

in the week leading up to Black Friday (16 22 Nov 2024 vs 23 29 Nov 2024), as consumers shopped around to find the best deals on offer. As a result, retailers face increasing pressure to engage shoppers more effectively. Original data from Wunderkinds Marketing Pulse, which analysed over 39.5

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Inside Retail

NOVEMBER 6, 2022

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.

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Retail Focus

NOVEMBER 29, 2023

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.

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Inside Retail

JUNE 22, 2023

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.

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Inside Retail

NOVEMBER 17, 2024

Alibaba Group Holding missed analysts’ estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in China and weighed on the e-commerce group’s domestic business. per cent rise in sales across all major e-commerce platforms, according to data provider Syntun.

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Inside Retail

DECEMBER 11, 2023

Welcome to December and the chance for retailers to redeem themselves with customers. Historically, the highest retail sales and earnings were generated in December in the weeks leading to Christmas and the following Boxing Day sales. Short-term gain for long-term pain?

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Inside Retail

JUNE 30, 2021

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.

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Inside Retail

DECEMBER 10, 2024

Two key areas where retail media could unlock opportunities include in-store media and shopper data as a profit center. With the first, Coresight Research recommended that retailers should focus on in-store media opportunities while keeping promotions distinct from retail media. per cent YoY growth in 2025.

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Inside Retail

NOVEMBER 29, 2022

Australian retail sales 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.

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VMS

DECEMBER 28, 2021

The study – which excluded automotive sales – measured in-store and online retail sales across all forms of payment. Consumers splurged throughout the season, with apparel and department stores experiencing strong growth as shoppers sought to put their best dressed foot forward.”. percent in 2020 and 14.6 percent in 2019.

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Inside Retail

NOVEMBER 29, 2021

Boosted by the Black Friday and Cyber Monday sales, November has overtaken December for retail sales 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.

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Inside Retail

DECEMBER 13, 2023

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. According to a report by global data and business intelligence platform Statista , retail sales over the 2023 holiday season are projected to be between $957.3

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Inside Retail

NOVEMBER 26, 2023

Holiday shoppers in the US are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Despite an earlier start to retailers’ holiday promotions this year, there weren’t a lot of great deals initially, Garf said.

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Inside Retail

DECEMBER 3, 2024

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

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Inside Retail

JULY 29, 2023

Cola Yao earns 40 per cent less than last year promoting credit cards for a Chinese state-owned bank, so she buys fewer clothes, less make-up and has cancelled her child’s summer swimming classes. Some hospitals and schools, as well as some private businesses facing a drop in sales, have done the same.

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Inside Retail

NOVEMBER 11, 2021

The results come as overall consumption in China slows, and cap a relatively muted version of a sales festival that Alibaba once aggressively promoted. Alibaba turned China’s informal Singles’ Day into a shopping event in 2009 and built it into the world’s biggest online sales fest, dwarfing Cyber Monday in the United States.

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Inside Retail

AUGUST 20, 2022

As we know, today’s consumers are doing much of their shopping online. To help navigate this cookieless world, Braze released a Retail Customer Engagement Review that looks to solve three common challenges being faced by retailers today. billion on online retail , accounting for around 13.2

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Inside Retail

MARCH 20, 2024

In an era marked by economic flux and shifting consumer preferences, the global retail landscape stands at a pivotal juncture, ripe with both challenges and opportunities. China is the world’s largest retail market, accounting for almost 50 per cent of global retail transactions. It was valued at $3.8

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Inside Retail

OCTOBER 20, 2024

The festive season is just around the corner, and despite economic challenges, Australian retailers have plenty of reasons to feel optimistic about this year’s peak shopping period. Recent research shows retail sales are set to surge, driven by savvy shoppers and key events like Black Friday and Cyber Monday.

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Inside Retail

OCTOBER 7, 2024

Deloitte’s recent Retail Forecast tells us what retailers have been feeling: the pressure of a retail recession we’ve been in for more than 18 months. Rising inflation and interest rates, and declining consumer confidence and spending, are increasing the costs of doing business.

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