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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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Young adults are feeling the pinch – here’s how retailers are responding

Inside Retail

per cent on retail services for the 12 months to March, 2023. In contrast, spending for individuals under that age – and across the same categories – had declined by 8.4 She also said that there had been a change in consumer habits, whereby younger customers are tending to purchase products during promotional and sales periods.

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Choosing the Best Materials for Visual Merchandising Concepts in Luxury Retail Stores

Retail Focus

A sense of contrast . The material adoption is perfect to illustrate the kaleidoscope in contrasting colors in the window campaign. . The sleek appearance of acrylic helps to promote a sense of luxury in the store. The design was also carefully chosen to encourage shoppers with accessibility that correlates to retail sales.

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How to ensure Black Friday doesn’t become the nightmare before Christmas

Inside Retail

It’s also an important time for retail staff, with many retailers taking on additional Christmas workforces to keep up with demand. However, the emergence of BFCM, and the fact many of these sales are predominantly online, has impacted the Christmas period significantly. Consider this; last year retail sales in November rose 5.8%

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It’s not e-commerce anymore – it’s just commerce

Inside Retail

While the percentage year-on-year growth in sales made through online channels has fallen since the heights achieved during the pandemic, we continue to see a ‘locked-in’ step change in the volume of sales being made online: that means the investments made to expand the utility and reach of this channel continue to be a valuable base for retailers.

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How Color Psychology Influences Retail Sales

Creative Displays Now

A contrasting black against gold accents communicates luxury and exclusivity, while a mix of pastels can elicit nostalgia and softness. You will commonly see this hue in stores catering to children or retailers who want to promote a cheerful shopping experience that grabs and holds a customer’s attention.

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