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Kogan has returned to strong top-line growth in the fiscal first half, which was fuelled by solid holiday sales. On the bottom line, gross profit rose 18.3 The company reported gross sales of $492.5 million during the July-December period, a 10.3 per cent increase year-on-year. Revenue also grew 9.9 per cent to $272.7 per cent to $25.3
As a country, our collective inaction around the often questionable behaviours of big business suggests a fair amount of complacency – until someone crosses the line,” Ritchie told Inside Retail. Coles and Woolworths intend to defend themselves against the accusations of misleading promotions and illusory sales.
Despite pledging to stop handing out plastic toys with purchases of groceries on environmental grounds , supermarket Coles last week announced a new line of plastic picnic goods that can be earned by customers using their Flybuys card at a supermarket or online. It’s going to end up in a recycling bin, stockpiled or in landfill.
The Black Friday Cyber Monday sales period has expanded to become ‘Black November’ this year, with many retailers and brands starting their promotions earlier than ever. In 2021, the business went live with its promotions on November 18, in 2022 on November 15 and last year on November 9. This presents a predicament for retailers.
It cited promotional programs, increased price transparency in the horticulture sector, and having made it easier for customers to find and compare the best unit prices for products on the Woolworths website and app, as examples.
Black Friday is now an established festival of discounting, with many retailers offering up an entire month of discounting and some even starting Black Friday promotions as early as October,” Gary Whittemore, Head of Sales EMEA & APAC at RetailNext, commented. “But
Offering more promotions does not seem to have worked as consumers forgo some coffee occasions or replace them with cheaper alternatives such as having a coffee at home,” Saunders said. Its cafes are too busy, lines too long, and too many of them are not pleasant places to linger.
It’s about aligning with a broader movement toward responsible business practices that benefit people, the planet, and the bottom line.” Retailers showcasing a commitment to sustainable practices can set themselves apart in a competitive market, appealing to the growing demographic of environmentally aware consumers.
As a consequence, the execution of appropriate promotions, planograms and other tasks suffered from a lack of real-time visibility. In short, the company wanted its field managers, district managers and front-line staff to work smarter, not harder.
The competitive edge By cultivating deep operational excellence capabilities at every level from the executive suite to the front line businesses can unlock transformative value. The power of the front line Front-line workers and leaders are the heartbeat of any retail operation.
For brands newer to the space, the time to start building capability is now, as opposed to doing so once material market share losses are biting the bottom line. We need to integrate our core presence with strategies to cut through on the digital shelf and this is where promotion plays a vital role.
A recent study revealed that 48% of total stock bought by UK retailers had to be discounted, highlighting the negative impact of bad buying disciplines on the bottom line. Accurate prediction of future demand based on seasonal trends and planned promotional activity drives more informed and timely buying decisions.
Using loyalty rewards to promote health outcomes. Merging above-the-line and below-the-linepromotions. Currently there is a big divide between “above-the-line” and “below-the-line” promotional spend in pharmacy. I expect to see three opportunities flourish in pharmacy retail in the future: 1.
per cent, so we see some fantastic results when we use the assets and target and align them to our broader above-the-line marketing campaigns,” said Berends. If product inventory falls beneath a certain level, campaigns can be paused, and when there is a surplus of stock, a campaign can be promoted more heavily.
Better still, such an approach can boost the bottom line: Zebra’s research shows that retailers using intelligent labour forecasting to optimise staffing to customer traffic can boost their sales margin by up to 2 per cent. Zebra’s Workcloud is split into three solutions, (each formerly branded Reflexis).
When retailers meet these demands, they reap the rewards of loyalty, word-of-mouth promotion, and repeat purchases. Consolidating loyalty data also grants a deeper insight into customer behaviour, enabling targeted promotions and tailored product suggestions.
That has knocked retail sales, which are under pressure even as major vendors like Alibaba and JD.com dole out promotions and discounts. China’s Singles’ Day sales period, a nationwide sales promotion event typically seen as a gauge of consumer sentiment, ran from October 14 to November 11 this year, 10 days longer than last year.
These all represent opportunities to promote gift cards for such experiences to those who plan in advance of Valentines Day, such as in January. Premiumise and personalise traditional categories Launch limited-edition confectionery and wine lines with premium packaging and the opportunity for personalised messaging.
Jeanswest executive general manager Anne Natale said the old-school apparel retail mindset of dropping a campaign or a promotion every month needs to change and greater emphasis must be placed on communicating a products value proposition to the customer. We can switch on promotions and not get the same result as we did in 2023, Natale added.
The right content strategy can keep them coming back, but different demographics respond to different types of content: Boomers (76 per cent) and Gen X (68 per cent) are most influenced by promotions and discounts. Gen Z and Millennials (46 per cent) are highly driven by customer reviews.
The risks of personalisation But it’s very easy for this personalisation to cross the line into intrusiveness. The post Navigating the fine line between AI, personalisation and engagement appeared first on Inside Retail Australia. It is critical to get the technology right.
While certain retailers are identifying the commercial opportunities associated with the month of Ramadan, an expert suggests that Australian retailers are still “at the starting line” when it comes to authentic engagement with the Muslim community. Everyone is at the starting line,” she said.
Inside Retail connected with the newly promoted executive to learn more about her journey with the legacy retailer and get a glimpse inside Davids Bridals tech-centered transformation strategy. This led us to launch our diffusion line, The Edit by DB, with curated drops like the 8 Dress Edit.
For example, this week, Skims founder Kim Kardashian, a Los Angeles native herself, was called out for a series of stories posted on the brands social media page promoting a winter sale. Even worse, the brand continued posting stories promoting the sale the next day, prompting Skims fans and critics to call the founder and brand tone-deaf.
Businesses recognize this, as perhaps more importantly, they have understood the psychology behind the promotional offers they can make and the impact they can have on the consumer. The iGaming industry is one of those that has seen operators use bonuses and promotional offers as a means of trying to achieve a greater competitive advantage.
Conventional lines of association – religious institutions, civic groups, and neighbourhood gatherings – have disappeared. Apart from promoting outdoor goods, they inspire people to participate in local activities focused on urgent environmental problems. We should expect: The lines separating retail from business and pleasure to blur.
Product photography has become essential in helping retail brands promote their items to prospective buyers, with images acting as a crucial reference point of comparison. Periodic photography shoots to capture multiple product lines simultaneously create healthy and sustainable economies of scale.
So, when companies decide to promote someone to a managerial role, they must consider that person’s people skills just as much as their technical skills. It’s understandable that company leaders don’t want to lose their best employees and so they promote them to give them more money and prestige within the organisation.
Effective and targeted promotions and a disciplined approach to cost management have ensured that this top-line growth has translated into strong first-half earnings.”. Sports retail subsidiary Rebel registered $682 million in sales followed by BCF at $447 million and Macpac at $101 million.
By identifying new trends in how consumers are making purchase decisions around promotional discounts and impulse purchases, retailers can meet the consumer where their budget is and potentially bend it. This shift in shopping behaviour is not particularly surprising for retailers but it does present a unique marketing challenge.
The aim is to create a functional, relaxed and welcoming space that promotes and simplifies the interaction between the customer and store staff, as well as improving the distribution of collections. The new store has a surface area of 1,400 m2 and a total of three floors, on which the Woman, Man and Kids lines will be sold.
Today’s price and promotion optimization offerings incorporate AI-based data science to keep current with rapidly changing demand signals and price elasticities to keep pace with what items shoppers pay most attention to competitive pricing on – those Key Value Items (KVIs) that have outsize influence on a retailer’s price image.
Before the promotion, McMillan served as COO and brand officer of Frankie4. ” Meanwhile, Frankie4 is in the process of applying for B Corp certification in line with its commitment to sustainable practices. . She started with the company as a human resource manager when it operated podiatry clinics in Brisbane.
Amazon has also been taken to task for one of its fashion lines, along with Boohoo, Zalando, Shein and ASOS. H&M even got a shellacking from activists for promoting its in-store recycling machines in a Nintendo game. H&M, how dare you. Lululemon is pumping out strong revenue growth, particularly internationally.
Foot Locker has collaborated with Crocs to launch a new Sesame Street line for preschoolers and toddlers to raise awareness of autism. Further reading: How Foot Locker is stepping up the customer experience with AI The post Foot Locker, Sesame Street, Crocs team up to promote autism awareness appeared first on Inside Retail Australia.
“To celebrate the return of BoozeBud and its new beginning, we have lined up a series of compelling promotions that we believe will thrill our customers and provide them with an unmatched shopping experience,” Agar said. The post Online liquor retailer Hairydog Group acquires Boozebud appeared first on Inside Retail.
Despite being a very good, low cost food retailer, often consumers are vocal about the limited checkouts that are available and the consistent lines that they encounter, so this mitigates that and enables them to increase transaction points without increasing staff.”. Nobody’s rushing to get there anymore.”. Managing costs.
However, outside of this committee, there has been a publicised difference in opinion across political lines. This will allow consumers to align and ‘buycott’ from a supermarket that promotes their values. A Select Committee is deliberately multi-partisan and tries to encompass the politics of the broader community.
This isn’t just a form of brand promotion but a powerful way to attract fan engagement through individuality and storytelling,” she added. TAT expects the Labubu’s inspired travel packages to attract 20,000 passengers and the promotional videos to generate a reach of at least 500 million.
Today, the company is a holistic high-performance wellness brand with numerous product lines and categories. Other products include Hyperice’s award winning Hypervolt line (percussion massage guns), Vyper (vibrating foam rollers), Hypersphere (vibrating spheres), Normatec (dynamic air compression boots) and Hyperice (ice compression).
And CEO John Donohoe has insisted that the company wouldn’t give in on its pricing strategy in an increasingly promotional and competitive environment. The top line was sure to cop some shorter-term volatility. Still, China is a growth area when viewed over the long term, though currently highly promotional.
Kim Kardashian’s shapewear and clothing label Skims has launched The Adaptive Collection, an underwear line dedicated to people with limited mobility. Founded in 2019, Skims’ main focus is to promote body positivity and inclusivity. As of last January, the company was valued at more than US$3.2
One of the issues, according to Banducci, is that now it isn’t necessarily a widespread supply chain issue causing products to be unavailable, but product-specific issues, with certain lines such as dog food, frozen potatoes, chicken and vegetables becoming harder to source. A key focus: promotions or margin?
Email campaigns can provide detailed information, customer reviews, and exclusive promotions to help them make a decision. Examples of Integration: Use email to promote in-store events or sales and send reminders via SMS. Strategies for the Consideration Stage: Highlight customer testimonials and social proof.
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