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Unwrapping retail spending over the Christmas sales season

Inside Retail

With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retail sales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. per cent to $51 billion.

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E-commerce sales fall as cost-of-living pressures hit consumers

Inside Retail

As inflation and rising interest rates start to bite and reduce consumers’ spending capacity and confidence, Australian e-commerce sales declined sharply in July. . About the author: Merline McGregor is GM at Pattern Australia. The post E-commerce sales fall as cost-of-living pressures hit consumers appeared first on Inside Retail.

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What the cost-of-living crunch means for Black Friday

Inside Retail

Black Friday and Cyber Monday sale events have turbo-charged Christmas trading, with the month of November overtaking December in total retail sales for each of the past three years. Retailers are hoping for more Christmas cheer this year from Black Friday on 25 November and the Cyber Monday promotion three days later.

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Analysis: What to expect from retailers’ FY24 results

Inside Retail

Its economic data analysis will include retail sales at its August meeting with speculation around another increase in interest rates. Retailers are praying for a most unlikely cut to interest rates or, at least, a hold on them at the August board meeting.

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Is China retail on the brink or on the mend?

Inside Retail

China’s National Bureau of Statistics (NBS) states that retail sales were up 6.8 In September, sales were up 5.5 So the latest data hasn’t altered the top-line growth story too much, other than a small drift downward. This, too, is roughly in line with the trend for the first nine months of the year.

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No signs of early Christmas spend as online sales continue to underperform in October, IMRG Capgemini Online Retail Index shows

Retail Times

Despite expectations that an early start to festive spend might herald a return to growth in October, online retail sales have continued to remain low, falling by -11.2% This is according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers.

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Shrink or grow? Predictions for online retail in 2022

Inside Retail

I’ll start with a particularly interesting one that has strong voices on either side: what proportion of sales will be online in 2022? Last year, I interviewed Jonathan Reeves from Eagle Eye for my Shopology show and he predicted that online would account for half of retail sales by 2030. Now it doesn’t seem so far out of reach.

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