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Australian Christmas retailsales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Meanwhile, the Australia Retail Association (ARA) says Australian retailsales increased 12.9
Working with retailers across Australia and New Zealand, Quantiful CEO Jamie Cormack has identified poor planning outcomes as one of the significant causes forcing retailers to contract and even close stores today. The innovation is a demand planning tool that delivers accurate forecasts and illustrates what is driving demand.”
Data shows the rapid increase in online shopping that defined the first year of the global pandemic has started to fade, as the novelty of lockdowns wears off and government stimuluses run out, and online retailers that once enjoyed record highs are now working harder to drive sales. This time last year, we were all still in lockdown.
“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.
And lets not forget the infamous Optus outage in 2023, which crippled local retailers reliant on POS systems for payments and inventory management. To avoid the potential damage of a cloud outage is to forgo the benefits of digital transformation that are now critical to any retailerssales strategy.
For product startups, partnering with a retailsales agency often feels like a natural step. These agencies bring expertise, established relationships, and credibility to help your brand penetrate retail markets. Sometimes, the very agency you trusted to drive your retail success may start holding your business back.
Reporting by the business media of retailsales and other economic data produced by governments in developing Asia is often too trusting. Officially then, China’s retailsales rose by 4.7 The online share of total retailsales is now 23 per cent. billion, Same-store sales grew by 6.6 per cent to US$4.0
The report found that the majority of Gen Z shoppers plan to spend more or the same on Christmas gifts compared to last year and that visiting stores during the festive period is a top priority. As this demographic gets older and gains more disposable income, they have become a key audience for retailers to engage.
We understand that organising training can be time consuming… But, delivering training online can take the hassle out of planning staff training. Training your team with a Learning Management System means that you can push training out to your team in just a matter of clicks. The post Training retailsales teams?
Located in the northern suburbs of the Gold Coast, Homeworld Helensvale spans 36,000sqm of lettable area and has a diverse mix of health and medical, retail, lifestyle, dining and daily needs tenants. Adjacent to the centre lies 7.34
Understanding these changing patterns has become crucial for businesses looking to capitalise on this significant retail opportunity. According to the company, from 2022 to 2023, sales increased by 8 per cent, followed by an even stronger surge of 16 per cent from 2023 to 2024.
Estee Lauder expects to drive incremental operating profit through the initiatives in its profit recovery plan of $1.1 The company posted net sales of $4.28 Net sales in Asia Pacific were down 7 per cent driven by China’s weak performance and partially offset by growth across other markets led by Hong Kong’s double-digit growth.
And while the business’ sales stayed flat compared to FY21, Endeavour Group has managed to diversify itself across the alcohol retail space, with a number of new brands and offers now online, signalling new potential moving forward. Compared to the beginning of Fy20, before Covid-19 hit, retailsales were up 12.7
Solomon Lew’s plan to spin off Premier Retail into individual business units, announced in August, appears to be moving full steam ahead, as kids’ stationery brand Smiggle and sleepwear brand Peter Alexander investigate potential international expansions. Lew wouldn’t disclose who Premier Retail’s partner in UAE is.
There was sales growth over last year, although most of this was generated online rather than in stores,” Neil Saunders, managing director and retail analyst at GlobalData, observed. “The initial results from Black Friday show that there is plenty of life among consumers.
Even before thinking about the specifics, the timing of these sales appears challenging for both retailers and consumers, not to mention supply chains. It’s also an important time for retail staff, with many retailers taking on additional Christmas workforces to keep up with demand. Christmas planning cycles.
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
As Officeworks marks its 30th year of operation, managing director Sarah Hunter has reconfirmed the stationery retailer’s commitment to investing in a strong workplace culture that champions staff as its greatest asset and making meaningful connections with the local communities in which it operates.
PAS Group plans to open three to five Replay stores before deciding on a broader rollout. PAS Group is also exploring wholesale distribution of the brand through the likes of David Jones and independent menswear retailers. It also plans to launch a local online shopping site. The first store is set to open in February.
Brown has been a brand manager at True Alliance since 2009, most recently managing the Ben Sherman brand. In that role, he was responsible for product sourcing, buying, design, marketing, wholesale and retailsales, brand positioning and organisational development.
Here in Asia Pacific, online retailsales are expanding at a compounded annual growth rate of 11 per cent, driving two-thirds of global online retail growth,” said Kawal Preet, FedEx president, Asia Pacific, Middle East and Africa (AMEA). The company also introduced drone delivery in 2019. Why the world needs bots like Roxo.
Chadstone centre manager Daniel Boyle told Inside Retail, “We have a multitude of offerings available to shoppers to make their Christmas shopping experience both full of festivities and seamless. Food for thought Natalie Davis, managing director of Woolworths Supermarkets, shared with Inside Retail that Woolworths expects to sell 2.8
It also has a significant online presence, claiming 50 per cent of all online Australian liquor sales. Pfeiffer-Smith did not directly address the decline in beer sales and its effect on Dan Murphy’s; however, she did note there is a great opportunity for all drinks categories, including beer, to innovate to meet changing customer needs.
For the year to July 2, the total sales grew 24 per cent to $1.57 Online sales achieved $260.5 per cent of total retailsales while like-for-like sales for the year grew 10.2 Strong sales were achieved across all major banners including Platypus, Hype DC, Vans, Skechers, The Athlete’s Foot and Dr Martens.
Designworks’ divisional general manager Brooke Norton told Inside Retail that the brand sells about 15 million units each year and is heading towards $200 million in wholesale sales. According to Norton, Designwoks plans to expand in four key areas. per cent, year-on-year retailsales growth in August 2022.
In an era when more and more consumers are actively shopping across multiple channels, retailers across Australia are leaving millions of dollars of potential income on the table by not pursuing an omnichannel media management solution. They end up spending that money with Google or Facebook or somewhere else.
You should always prepare for the worst because you won’t likely hit sales in all seasons without a solid sales and marketing plan and continuous sales monitoring. Sales forecasting shows the potential problems that impact sales quota to resolve them even before they arise. Hire A Financial Analyst .
The tradition of gift-giving at Christmas drives billions of dollars in retailsales every year. It’s just breaking the stigma starting,” Aífe O’Loughlin, senior manager of circular economy at Salvos Stores, told Inside Retail. In Australia alone, consumers are expected to spend $63.9
The head of retail at Accent Group’s Hype DC, The Trybe and Subtype ispassionate about championing retail as a career, and a lucrative one at that, and firmly believes that leaders can lead with empathy and get commercial results. A year later, the children’s footwear retailer Trybe was added to her plate.
Estee Lauder expects to drive incremental operating profit through the initiatives in its profit recovery plan of $1.1 The company posted net sales of $4.28 Net sales in Asia Pacific were down 7 per cent driven by China’s weak performance and partially offset by growth across other markets led by Hong Kong’s double-digit growth.
Jaya Grocer’s deputy CEO, Daniel Teng, and Coles’ general manager of exports and fresh food commercials, Will Mulholland, sealed the deal at a symbolic ceremony at Jaya Grocer Starling Mall, witnessed by the Australian Deputy High Commissioner to Malaysia, Clare Gatehouse. “We
We now know October retailsales shrank for the first time this year ending a run of nine months straight of month-to-month growth. With the Reserve Bank expected to give us another rate bump before Christmas, retailers must be frowning a little more each day. As we all know, plans can change.
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 retailsales. Another sign of the leveling off of e-commerce is that only 30 per cent of retailers list growing online as one of their top priorities for 2023.
Australian retailsales are on the rise, but new research suggests that this growth is driven by inflation, not by consumers buying more. Cost-to-serve elements are essential to managing price and profit but can be overlooked in the race to stand out on value perceptions or promotions. . and changing quantity of consumption?.
Impressively, Amazon has managed to hold onto the accelerated gains it made in the last two years when consumers were in lockdown, and the research finds that e-commerce shoppers have no plans to slow their spending on the marketplace in 2022. 44 per cent of e-commerce consumers are planning to spend more on marketplaces in 2022.
The plans will culminate in Merry Hill setting a new benchmark for how shopping centres can evolve to the changing needs of both occupiers and customers, post-Covid. Our plans will ensure that by 2025 Merry Hill will be the West Midland’s most vibrant family lifestyle destination, embedded at the heart of the local community. “In
Women’s fashion brand Sheike has announced plans to open its first store in South Australia off the back of strong online engagement in the state. It’s a really vibrant space, and we’re so excited to open,” Sandra Kennedy, Sheike’s general manager, told Inside Retail.
The share of respondents who plan to spend more over the next six months fell to 45 per cent in June, compared to 55 per cent in April. Jason Yu, greater China managing director of market research firm Kantar Worldpanel, warned that the coming months would be challenging for retailers as people bought what they needed during 618.
José Antonio Ramos Calamonte, who took over the role in June, wants to prioritise profits over sales growth and win back the company’s 20-something fashion-conscious customers after the group stumbled following the pandemic. On the sales front, the CEO forecasted continued volatility. per cent on the year.
So far in 2022, we’ve seen a nearly 70 per cent increase in retailsales. Our market share is up almost 6 per cent compared to a year ago, from roughly 9 share points to 14,” Laurent Stévenart, Singapore’s country manager for Impossible Foods, told Inside Retail. The current state of affairs. The future is bright.
As a result, the forecast for 2024 shopping is mixed, with 28% of consumers planning to spend more than the previous year and 27% planning to spend less. retail growth in Q1 2024. retail growth in Q1 2024. ” 11 To manage these costs, millennials are turning to flexible payment options. Sources: Barton, C.,
In the wake of last year’s Black Lives Matter protests, several major retailers, including Nordstrom, Target and Walmart, have committed to stocking more diverse brands. It also plans to introduce new resources to help its Black-owned vendors grow and successfully scale their businesses in mass retail.
According to the survey, the impact of Cyclone Gabrielle ranged from flooded retail premises, roof and building damage, power outages across the country and reduced staff availability. It also revealed that retailsales diminished by about 20 – 30 per cent across these affected areas, with an average cost per business of about $55,000.
Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers. Going mega.
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