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Southeast Asia as key market We see Malaysia as a prime opportunity, given its status as one of Southeast Asia’s largest and most developed economies,” Mohammad A Baker, CEO of GMG, told Inside Retail. Further reading: How Dubai sportswear giant GMG aims to crack the Southeast Asia market.
As we know, today’s consumers are doing much of their shopping online. The number of touchpoints to reach them and the amount of data being generated, continues to skyrocket, which can sometimes make for a very disjointed customerengagement strategy. . Take Ticketek , for example. How are you connecting the dots?
Trends in the Commercial Investment Market The retail real estate market was a focal point of this years MAPIC, with a strong emphasis on investors perspectives regarding retailmarket trends and outlooks. These sessions revealed an optimistic vision of the resilience of retail as an asset class.
Asia Pacific’s airport retailmarket is projected to grow to US$33.8 billion by 2026, driving the global market to $63.4 According to GlobalData, the growth will be driven by the increase in retail space and passenger numbers as cross-border travel resumes and the relaxation of lockdown and duty-free regulations.
In late 2023, Salesforce reported that 59 per cent of consumers had shopped on social media, a massive jump from 15 per cent in 2021. In the US alone, TikTok shop garnered 1.1 Given that shoppers in other markets have embraced it, however, the exam question is: Should this be regarded as a permanent or temporary difference?
For vape juice brands, staying competitive in the retailmarket requires a deep understanding of the latest trends influencing sales. From classic tobacco to exotic fruit blends and dessert-inspired options, variety keeps customersengaged and curious.
To enhance customerengagement, Oh!some The company also integrates customer purchasing data to refine its product selection and service offerings. some’s strategy and one of the major reasons we are competitive in the retailmarket. in Indonesia, integrating entertainment experiences with retail.
It’s a way for consumers to show their loved one’s admiration and gratitude on a love-filled day, yet as the global supply chain disruption lingers into 2022, consumers are becoming more reluctant in purchasing presents for this shopping event. Storing data from all used channels in one platform is becoming the norm for retailmarketers.
In today’s competitive online retailmarket, customer retention is just as important as customer acquisition. By optimizing your website to meet the needs of your customers and search engines, an eCommerce SEO agency can help you boost customer retention and grow your retail business.
The retail world and gambling space have two things in common—both have a high market value and a broad customer base. In fact, one of our previous articles covers how retailers can borrow insights from online casinos to keep customersengaged.
What Is Retail Advertising? Retailmarketing, or retail advertising, includes various tactics to spread awareness to your target audience and increase sales — from old favorites to newly launched goods. There are three primary types of retailmarketing.
Great news for retailers this week – as Retail Week reports that new shopping centre developments in the UK are going to hit a four-year high in 2017. The report confirms that this will be the largest increase in shopping centre development in a single year since 2013 when the iconic Trinity Leeds mall opened for business.
Retailers who’ve spent the pandemic stepping up their digital game will enjoy the benefits of what’s predicted to be a lucrative online spend – with consumers emerging from the pandemic primed to do their holiday shopping from the comfort of home. You can only take that kind of approach through the scalability of AI.”.
The evolution of the retailmarket has created a chasm between the online and offline experience. The transactional nature of e-commerce has created a consumer expectation of ultra-convenience, which retailers are incorporating at all levels of the purchase process. Adopt Voice-Activated Shopping Models.
With retailers navigating the turbulent post-pandemic waters, mediating inventory issues, and stabilizing their supply chain, they are now looking for solid and profitable solutions to ensure their continued success in the ever-competitive retailmarket. Why Analytics and Agility Are Critical to Success in Today’s RetailMarket.
These trends are especially relevant in light of the COVID-19 pandemic, as more than 60% of American buyers altered their shopping habits at some point in the past year. It’s crucial for small and large businesses throughout the retail industry to know what’s next. What Are Retail Trends and How Do You Look Out for Them?
By the end, you’ll have a clear understanding of the opportunities and challenges that lie ahead in the retail sector for Brick-and-Mortar Stores in 2025. The convenience, speed, and variety offered by online platforms have lured customers away from traditional stores.
Artificial intelligence (AI), augmented reality (AR), and blockchain are no longer futuristic concepts but active tools reshaping the retail experience. AI assists brands in offering personalized shopping experiences, optimizing inventory, and predicting consumer trends.
Data is the lifeblood of successful retailmarketing. This is where tag management steps, ensuring retailers capture the right data, optimise website performance, and ultimately, drive meaningful insights. This is essential for making informed retailmarketing decisions.
The countrys median age is 32, and its population of nearly 100 million is increasingly adopting modern shopping habits, fueling demand for retail expansion. Compared to Thailand, Indonesia, or Singapore, Vietnams retailmarket is still developing, said Matthew Powell, director of Savills Hanoi.
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