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It’s the same thrill that retailers across Australia feel as retailsale season kicks off. Lasting from November through January, sale season captures the excitement and hustle as retailers gear up for Click Frenzy, Black Friday , Boxing Day, and beyond. This helps customers feel empowered over their data.
Ramadan continues to be a crucial shopping period across Southeast Asia, with evolving consumer behaviours and market dynamics shaping the retail landscape. Growing demand has led some retailers to operate 24 hours a day to accommodate changing consumption patterns. This year, Ramadan began on February 28 and ends on March 30.
Key Applications of Product 3D Rendering in Retail So, how can you use product 3D rendering services to boost your retailsales? Virtual showrooms: Creating immersive, interactive shopping experiences. These applications enhance your brands appeal and create a seamless customer shopping experience. So, why wait?
The latest retailsales figures are really quite incredible. According to the Bureau of Statistics (ABS), retailsales rose by 0.6 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 per cent) and department stores (down 0.4
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 customer engagement strategy. . billion on online retail , accounting for around 13.2
Fawkner Property has acquired Townsville’s Willows shopping centre in Queensland from Dexus Wholesale Property Fund for $212 million. Willows has gross lettable area of 44,507sqm and its major tenants include Big W, Woolworths, Coles, Aldi, Rebel, TK Maxx, JB-Hi-Fi, and Cotton On, along with 107 specialty shops.
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 retailsales are set to surge, driven by savvy shoppers and key events like Black Friday and Cyber Monday.
Black Friday, one of the most anticipated days of the entire retail calendar, has officially passed, and the results of this shopping event revealed some unique findings. Despite some concerns that Black Friday sales may have been diminished by month-long discount offerings, the shopping holiday proved surprisingly fruitful.
Rents still heading up but sales productivity is treading water Sales productivity is still marooned: at Simons domestic malls and premium outlets, specialty retailersales per square metre were $7951 in 2024, down from $8016 per square metre in 2023. They are getting good reviews.
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. . To further understand how to implement a training program within your business and drive engagement in your workers, book a demo today!
to create an immersive and upscale shopping experience. In Conclusion… These are just some of the techniques you can use to increase high-end retailsales. Remember to focus on providing personalized service, engaging customers, and using creative promotions to entice them to shop until they drop.
Retailshopping 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.
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%
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.
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 retailsales growth. How did they adapt?
Mocka sales fell 24.1 million as customers returned to in-store shopping and the brand moved on from FY22 operational issues and improved customer confidence by enhancing product design and quality. For the first seven weeks of FY24, group sales fell 8.9 per cent to $48.6
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.
The survey of 2,000 UK consumers aged 16 to 26 was conducted in October 2023 and sought to identify the shopping habits and preferences of older Gen Z shoppers during the Golden Quarter , the peak retailsales period that runs from October through December. Currently, Gen Z is recognised as ages 11 through 26.
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.
A multi-million pound programme of investment announced today by Ellandi , a UK privately-owned shopping centre operator, is set to transform Merry Hill shopping centre near Birmingham into a best-in-class regional retail destination and the most vibrant family lifestyle destination in the West Midlands by July 2025.
So far, Australian department stores appear to have weathered the pandemic better than their global counterparts, with most having only had moderate store closures and delivering relatively strong half-yearly results, with retailsales rising at twice the predicted rate from March 2021 to April 2021.
With customers returning to bricks-and-mortar stores, and retail trade beginning to return to something resembling a pre-pandemic ‘normal’, shop-floor sales people are once again the first touch-point many customers will come in contact with when they want to buy.
Amazon.com has posted its fourth straight quarter of record profits, thanks to the global shift to online shopping during the Covid-19 pandemic. . billion on sales of US$108.5 billion on sales of US$108.5 The two-day online shopping event occurred in October last year due to uncertainty around the pandemic. “In
With retail being one of the most negatively impacted industries in 2020, there’s no doubt that businesses within this sector are eager to recoup losses. One surefire way to drive customers back is by participating in key retailsales events. For most brands, sales events have become a regular part of the calendar.
Murphy opened his first bottle shop in 1952 in Chapel Street, Prahran, Victoria, and differentiated the business by offering a guarantee to beat competitors’ prices. We haven’t seen any indication of customers trading down when it comes to the products they shop for with us,” Pfeiffer-Smith said. per cent in 2020.
Welcome to December and the chance for retailers to redeem themselves with customers. Historically, the highest retailsales and earnings were generated in December in the weeks leading to Christmas and the following Boxing Day sales.
The latest forecasts predict that China’s GDP and total retailsales of consumer goods will hit growth rates of 4.8 per cent) of surveyed department store operators expect their sales to grow in 2024, a significant decrease from last year’s 85.7 This includes exploring innovations in shopping environments and formats.
per cent this year, resulting in a boost in retailsales. Retail analyst at GlobalData, Koyel Ray, said Apac’s airport retailsales fell by $10 billion in 2020 before rebounding slightly last year to $11.8 Airport retailers are welcoming data technological innovation to improve customer engagement,” Ray said.
billion in global retailsales in 2023 , US Polo Assn, the official brand of the United States Polo Association, is reaping the rewards of its strategic expansion across continents, robust digital presence and investment in forging key partnerships. The market is also seeing a strong focus on experiential shopping.
With retailsales declining for four consecutive months as consumers cut down spending, Raffles City is now implementing a strategic shift to increase footfall, adapting to the changing market dynamics. We have observed a growing appreciation for in-person shopping and interaction amongst our shoppers and tenants,” she said.
million digitally active customers with Australian retailers, we can save consumers money while boosting retailers’ sales. Looking at the year ahead, one big question for Australian retailers will be how to maintain and build on these digital connections with consumers and find new incremental channels for growth.
Modern consumers, especially those within the Gen Z age bracket, are becoming increasingly interested in shopping methods that differ from the traditional e-commerce model of a direct-to-consumer website or shopping online via big-box retailers. However, TikTok Shop isn’t the only major player in the social commerce landscape.
Australia, like many other regions, is witnessing a significant shift in consumer behaviour, with e-commerce playing an increasingly integral role in the retail landscape. According to recent statistics, online retailsales have experienced substantial growth, reaching a staggering $40.2 billion in 2022.
As established luxury brands navigate complex market dynamics, emerging niche luxury labels are witnessing a notable uptick in consumer engagement and market presence. This trend stems from affluent consumers’ busy lifestyles and their preference for curated shopping experiences. The Singapore luxury market is no exception.
As the world becomes increasingly digital, product videos have become an essential tool for product manufacturers looking to increase their sales in retail. Not only do they provide a visually engaging way to showcase products, but they also help to build trust and credibility with potential customers.
When considering the prevalence and dominance of e-commerce and digital shopping channels, traditional brick-and-mortar retail stores may question where this leaves them. Retail is now immersed within an omnichannel experience for customers, from the initial browsing stage all the way through to the final purchase stage.
Top 10 fastest growing retailers Amid the dynamic and competitive retail landscape in 2022, ‘GoTo Gojek Tokopedia PT’ and Singapore’s ‘Sea Ltd’ emerged as standout performers, achieving retailsales growth rates of 44 per cent and 43 per cent, respectively.
We are still driving hard with retailsales in America. We know for certain ecommerce blew up in 2020 and in 2021 online sales drove towards an estimated 17 percent increase over the prior year. And all of this took place while keeping their doors open for us to shop (because Americans love to shop)!
There has been a steady rise in e-commerce and online retailsales. The online sales sector has become a major component of modern business and online entrepreneurship. This article looks at how cryptocurrencies are changing online retail and e-commerce. The rise of e-commerce driven by crypto.
Fabric textures can influence the perception of colors, so creative visual merchandising concepts select and combine different fabrics with building a story for retailers. Inviting textural materials, including leather, paper, velvet, and microfiber, helps engage affluent shoppers and show the artisan value of the luxury brand. .
Australia Post’s 2022 e-commerce industry report told us that online retailsales represent around 20 per cent of total retailsales , with shopping habits being reformed during the pandemic. The retailer’s website is merely the start of a customer’s shopping journey today.
Despite most shops being closed, retailsales rose 11 per cent during lockdown, largely because people didn’t have much else to spend money on. Clothing retail went up 20 per cent, even though people had nowhere to go. Enhanced experience design and staff engagement.
Amazon’s advertising revenues are forecast to reach $30 billion this financial year, close to 6 per cent of its retailsales, and many multiples beyond that of most traditional retailers. Driven by the need for contactless shopping due to Covid, Scan&Go has been growing its share of sales globally.
You’ve chosen a great retailsales program for your team. Training your team is a significant investment, so it’s important to ensure that it’s driving the results you need, such as improved sales figures, growth in conversions, or net promoter scores. . Download: 3 Sales Coaching Tips for Busy Retail Managers.
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