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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. 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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Five expert tips for a successful peak season strategy

Inside Retail

Nine in 10 of the best-selling days for e-commerce retailers come in the same quarter. And one-third of all retail sales happen during the holiday season. For digital commerce stores on Shopify, familiarise yourself with Shopify Flow so you can schedule content.

Strategy 242
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Supply and demand: Where the retail property market is headed

Inside Retail

Add to that a natural increase (births minus deaths) of just over 200,000 over the same period and you have a material population gain to support retail sales growth. Even as immigration slows under political pressure to reduce numbers, retail industry professionals have reason to remain optimistic.

Marketing 200
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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. That includes addressing the ongoing impact of cost of living pressures on spending behaviours and variations across categories and age groups. year-on-year, inflation continues to be higher at 2.8 per cent ii.

Other 147
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2023 economy: growth rate slows as regulators battle inflation

Inside Retail

The shift in spending towards online channels is another permanent outcome of the pandemic, with annual events such as the Black Friday and Click Frenzy sales helping to propel end-of-season retail sales well into November , permanently changing the flow of consumers’ retail spending patterns.

Flow 246
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Is technology the answer to wrapping up 2021 in style?

Retail Focus

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. . Despite this, there are some bright shoots of recovery.

Consumer 311
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Retail spending soars in July despite rising living costs

Inside Retail

The concern is that with inflation yet to peak and the full impact of increased mortgage repayments yet to flow through to household budgets, we may see sales soften in the months ahead.”. per cent, and with sales by cafes, restaurants, and takeaway food services up by 1.8 per cent and 1.2 per cent respectively.