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Are we entering a bricks-and-mortar renaissance? Here’s what the data says

Inside Retail

In a rollercoaster year for retail sales, a survey of retailers has indicated an optimistic outlook for store network growth. The scale of a renaissance in bricks-and-mortar store openings may well be modest but it does contrast with an extended prior to and through the Covid-19 pandemic of store network pruning.

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Why consumer spending in one retail category is outpacing all others

Inside Retail

The newly released Cost of Living Insights from CommBank iQ explores how economic uncertainty is flowing to people’s wallets. Stepping even further out by age reveals the contrast. Under 30s have cut back substantially in retail categories like apparel (-8 per cent) and department stores (-15 per cent). per cent ii.

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Five retail leaders discuss how to deliver value in a spending slump

Inside Retail

Indeed, many retailers will happily say goodbye to 2024, a period when high inflation and interest rates remained persistent and an ongoing cost-of-living crisis crushed consumer sentiment to its lowest in 45 years, all of which resulted in anaemic national year-on-year retail sales growth. How did they adapt?

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Smart Retail Store Ideas For A Tight Budget

Fuhrmann Construction

Like many retail stores, a major renovation project just is not in the cards right now. COVID-19 has had a huge impact on retail sales and priorities have shifted. A few smart changes to your retail floor space can have a big impact on its overall appearance. The flow of your store needs to reflect this.

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