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Australian Retail Outlook 2023: Paradigm shifts and fresh perspectives

Inside Retail

While Covid lockdowns shifted many shoppers online, the last six months have brought a leveling out of shopper participation in e-commerce, and of online as a proportion of retail sales. More than ever, it is a time for new perspectives and fresh approaches.

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Fashion insiders weigh in on the uncertain future of Australian Fashion Week

Inside Retail

“Originally the event has always been based on trade with a consumer event later, and in the last few years we have seen them merging this and not investing in getting overseas buyers to come to Australia,” Phoebes Garland, co-founder of Garland & Garland, a fashion and lifestyle brand management agency, told Inside Retail.

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Black Friday 2024 results showcase the growing power of AI and chatbots

Inside Retail

To put these numbers into perspective, that is more than double what US consumers spent online on Black Friday 2017, which drove US$5.03 billion in e-commerce sales. “The According to Salesforce, a cloud-based customer relationship management platform, AI and AI agents drove over US$14 billion in global online sales on Black Friday.

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Vincom’s retail struggles: Vacancy woes persist amidst Vietnam’s shopping boom

Inside Retail

per cent from a year ago, due to the opening of new malls and improved occupancy over the portfolio, but Vincoms revenue crown jewel, the sale of inventory properties (shophouses), has been hollowed out. The company managed to eke out a 1.7 per cent but the sale of shophouses cut roughly in half. Leasing revenue increased 3.9

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Innovation wins: Why global marketplaces are winning the online war

Inside Retail

Research from E-marketer shows that global marketplaces accounted for 62 per cent of online retail sales last year up four points from 2022. We manage millions of parcels annually through our Parcelpoint Pudo network with some of the world’s largest marketplaces. Their share almost certainly rose further this year.

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“A big vote of confidence”: Why Walmart’s store upgrades are key

Inside Retail

As Neil Saunders, managing director and retail analyst at GlobalData, told Inside Retail , “Having produced a string of good numbers over the past few years, Walmart is currently one of the stars of the retail market.” In 2022, Walmart accounted for approximately US$500 billion in retail sales.

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‘Storm on the horizon’ for retailers amid economic pressures

Inside Retail

per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 From a psychological perspective, the inflationary conditions along with the continued rate hikes represent a clear and present danger.