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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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Early, exclusive, engaging: How retailers can leverage their sale season data

Inside Retail

It’s the same thrill that retailers across Australia feel as retail sale season kicks off. Lasting from November through January, sale season captures the excitement and hustle as retailers gear up for Click Frenzy, Black Friday , Boxing Day, and beyond. This helps customers feel empowered over their data.

Insiders

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What China’s latest retail sales reveal about changing consumer spending

Inside Retail

Reporting by the business media of retail sales and other economic data produced by governments in developing Asia is often too trusting. Officially then, China’s retail sales rose by 4.7 The online share of total retail sales is now 23 per cent. billion, Same-store sales grew by 6.6 per cent to US$4.0

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Ramadan shopping trends unpacked: What retailers need to know

Inside Retail

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.

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How poor planning is costing retailers sales – and profits

Inside Retail

If trained correctly by drawing on data from throughout the retail business and with external sources such as econometrics, search, and social media, AI-driven forecasts can deliver at speed and scale and are best when combined with judgemental forecasts where the business activates promotional or other demand-driving initiatives.

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Five retail leaders discuss how to deliver value in a spending slump

Inside Retail

Indeed, many retailers will happily say goodbye to 2024, a period when high inflation and interest rates remained persistent and an ongoing cost-of-living crisis crushed consumer sentiment to its lowest in 45 years, all of which resulted in anaemic national year-on-year retail sales growth. How did they adapt?

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

Inside Retail

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. Similarly, Chernofsky commented that while “Black Friday is still critical for many in retail, its role has fundamentally changed.”

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