Retail Focus

MARCH 29, 2022

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. . Three of six key trends identified in ASCG’s latest eBook research include: 1) Spread the cost.

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Inside Retail

OCTOBER 11, 2021

Retail shopping centres face a major challenge rebuilding customer traffic and sales after the Covid-19 pandemic is controlled. These changes have made trust levels high for recognised retail brands’ product quality, pricing, and return or replacement of merchandise – helping to underpin the growth in online shopping.

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Inside Retail

AUGUST 29, 2022

Australian retail sales reached a record high in the last three months of 2021. This was due to relaxed virus restrictions and end-of-year holiday shopping, which underpins a robust economic recovery. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales.

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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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Retail Focus

APRIL 20, 2024

Despite the Government refusing to overturn the abolition of the duty-free shopping for tourists in the Spring Budget, now half (50%) of UK consumers want the scheme to be reinstated, according to the latest research from Retail Technology Show (RTS), the leading event that connects retail’s changemakers and leading tech innovators.

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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

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

MAY 30, 2021

While e-commerce adoption skyrocketed all around the world at the peak of the pandemic, perhaps more interesting was the rate at which older consumers embraced online retail. Globally, Asia dominates the e-commerce universe, accounting for over 50 per cent of all retail sales. The significance of older omnishoppers.

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Inside Retail

NOVEMBER 19, 2024

At a sub-category level, there are even bigger movers, which present opportunities for some retailers and heightened competition for others. By looking more closely at spending changes, retailers can gain a more vivid picture of what’s driving customer behaviours. Consumer Price Index, Australia.

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Inside Retail

NOVEMBER 7, 2021

According to ARA boss Paul Zahra, the shopping event, which originated in the United States, has been embraced by Australians and has made November the biggest shopping month of the year. For the past two years, November has beaten December as the biggest month for Australian retail sales throughout the year,” Zahra said.

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Inside Retail

OCTOBER 7, 2022

per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 She said that consumers are already making cuts. Rising interest rates hits consumer and business confidence.

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Inside Retail

JUNE 22, 2021

We understand that organising training can be time consuming… But, delivering training online can take the hassle out of planning staff training. Online training systems ensure that a consistent message is delivered to all of your team so that your customers get the same experience, no matter where they shop with you. .

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Inside Retail

DECEMBER 29, 2022

Prior to Boxing Day, there were some concerns in the retail community that higher-than-expected pre-Christmas spending combined with the impact of inflation and interest rates onc consumers’ discretionary spending might mute the traditional Boxing Day splurge-fest.

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Inside Retail

APRIL 18, 2023

Australian consumers forked out $8.1 million over the Easter trading period, according to Westpac DataX research, reported in conjunction with the Australian Retailers Association (ARA). This year’s Easter sales were driven by food retailing contributing $3.6 Spending grew modestly at 4.5 billion – up 8.6

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Inside Retail

AUGUST 27, 2023

Retail spending grew 2.1 per cent year-on-year in July as consumers spent more than $35.3 Food sales (up 4.9 per cent) and cafes, restaurants and takeaway sales (up 9 per cent) bolstered overall retail activity. per cent followed by clothing, footwear and accessories sales down 0.3

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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. . Estimates of a 4.2%

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Inside Retail

MARCH 13, 2023

In a rollercoaster year for retail sales, a survey of retailers has indicated an optimistic outlook for store network growth. CBRE said events and the return of international students and tourists as well as a return of office workers would be positive drivers for CBD retail sales in the year ahead. per cent to 13.9

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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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Inside Retail

NOVEMBER 13, 2023

The retailer also expanded its vision centres and pharmacies with private screening rooms, and placed digital touchpoints throughout the store to provide information of products and services. And it added new “dollar shops” for consumers to pick through seasonal, more affordably priced items. billion in 2017.

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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

NOVEMBER 26, 2023

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. “The online retail sector is one of the few where the consumer is a bit more in the driver’s seat. .”

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VMS

JUNE 10, 2021

The National Retail Federation (NRF; Washington, D.C.) revised its annual forecast for 2021, predicting retail sales will exceed $4.44 Revealed during the association’s “State of Retail and the Consumer” event, the prediction exceeds NRF’s original projection of 6.5 The post NRF: Retail Sales to Surpass $4.44

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VMS

NOVEMBER 17, 2021

Retail enjoyed a boost in sales in October as Americans began their holiday shopping early to avoid pandemic-related supply chain issues, reports the National Retail Federation (NRF). Overall retail sales were up 1.7 Overall retail sales were up 1.7 percent year over year. Census data.

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Inside Retail

DECEMBER 10, 2023

But we’ve learned in recent years from the growth of Black Friday sales, that in more and more categories, you don’t have to give up convenience to get the best price. Especially for consumer durables, the organised shopper can have their preferred (low) price and get it delivered to the door too. My wife loves Christmas.

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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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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

FEBRUARY 14, 2023

After multiple paradigm shifts in 2022, retailers are facing a very different landscape in the months ahead. Let’s start with shoppers finally emerging from a Covid-19 cocoon of contemplation and online shopping. In the face of drastic increases in the cost of essentials, most consumers made rapid and wide-ranging spending cuts.

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Retail Bound

MAY 9, 2023

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.

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VMS

MAY 18, 2021

shoppers are returning to shopping malls, according to a report by Placer.ai, published by the International Council of Shopping Centers (ICSC). The improving domestic economic environment and shopper sentiment have increased shopper foot traffic and sales across our portfolio. Shopper visits to malls was down 18.7

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Inside Retail

SEPTEMBER 13, 2022

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 Retail sales increased by 1.3

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Inside Retail

NOVEMBER 18, 2021

“We’re not telling people not to shop, we’re just telling them there’s a different and better way to shop,” Krideras told Inside Retail. They say it’s much more than a sales event, calling it a “movement” of mindful shopping. We are experiencing a generational shift that’s going to redefine all retail.

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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

OCTOBER 8, 2023

Local governments and their communities around the world have been concerned for decades about the decay of their High Streets (called ‘strips’ in Australia, ‘Main Streets’ in America, and various other names in Asia), which is closely linked to the growth of shopping centres. Would they go well in a shopping centre?

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Inside Retail

OCTOBER 28, 2024

The company has posted a sales increase of 11.3 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. Its rival Kering Group, also saw sales dipping 15 per cent to €3.79 Fashion and leather goods fell 5 per cent to €9.15

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Inside Retail

AUGUST 18, 2022

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 retail sales growth,” he said.

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Inside Retail

MAY 12, 2021

The HSI covers around 55 per cent of Australia’s total consumer spend across seven categories: home buying, retail, travel, education, entertainment, motor vehicles, and health and fitness. A new source of insights for consumer-facing businesses. Our inaugural Consumer Insights report , launching on 24 May, explores the answers.

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