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Ramadan continues to be a crucial shopping period across Southeast Asia, with evolving consumer behaviours and market dynamics shaping the retail landscape. Growing demand has led some retailers to operate 24 hours a day to accommodate changing consumption patterns. This year, Ramadan began on February 28 and ends on March 30.
Retailsales incentive programs are an excellent way for retailers to reward their most valuable assets—their employees—by showing tangible gratitude. There has been a lot of talk lately about how customer service and retail jobs are on the decline. RetailSales Incentive Programs: What Are They and Why Are They Used?
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). Covering the pre and post-Christmas shopping periods, that figure would represent a 3.9 per cent increase over last year.
Add to that a natural increase (births minus deaths) of just over 200,000 over the same period and you have a material population gain to support retailsales growth. Even as immigration slows under political pressure to reduce numbers, retail industry professionals have reason to remain optimistic.
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
All of this has had a damaging effect on retailsales, which have been subdued in recent months. According to a joint study by the Australian Retailers Association and American Express, 32 per cent of small and medium businesses with a turnover of less than $50 million are feeling uncertain about the year ahead. “The
Australia Post’s head of South Australian delivery operations Rob Clothier said the new facility will help to manage the surge in online shopping as a result of the pandemic, with September’s parcel volumes up 7 per cent in SA compared to a year prior. “We billion overall.
People are shopping more frequently at Amazon, adding more low-priced items with each checkout, Amazon said on Thursday, after it reported third-quarter revenue and profit that beat Wall Street expectations. . Amazon on Thursday reported a 7 per cent improvement in retailsales in the third quarter.
While most retail executives understand the key drivers determining whether their business is turning a profit – factors like sales revenue, inventory turnover and margin management – such information can often be siloed in different company divisions. So, where do you determine the changes in shopping behaviour? “We
Black Friday, one of the most anticipated days of the entire retail calendar, has officially passed, and the results of this shopping event revealed some unique findings. Despite some concerns that Black Friday sales may have been diminished by month-long discount offerings, the shopping holiday proved surprisingly fruitful.
It’s the same thrill that retailers across Australia feel as retailsale 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.
Training your team with a Learning Management System means that you can push training out to your team in just a matter of clicks. Online training systems ensure that a consistent message is delivered to all of your team so that your customers get the same experience, no matter where they shop with you. .
Margaret River Shopping Centre and Busselton Boulevard Shopping Centre in Western Australia have been put for sale for the first time in 10 years. On behalf of the vendor, a private family that has owned the centres since 2011, James Douglas of CBRE and Craig Butler of VPG Property will oversee the sale process.
As we approach the 2024 holiday season, retailers are gearing up for another year of generational differences in shopping habits. Understanding these distinctions is crucial for businesses looking to capitalize on the year’s busiest shopping period. retail growth in Q1 2024.
Doug McMillon, Walmarts CEO, doesnt mince words when it comes to summing up the vibe in the companys executive suite in a call with investors last Thursday, saying that the confidence level was high, and tariffs dont really bother him either: Tariffs are something we’ve managed for many years, and we’ll just continue to manage that.
How will consumers be spending their dollars in the week leading up to Christmas, what are retailers doing to entice consumers in-store and which retailers will benefit from this? These are pressing questions that many in the industry will be asking themselves in the final few big shopping days of the year.
Research from E-marketer shows that global marketplaces accounted for 62 per cent of online retailsales 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.
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. The company reported net sales plummeting 9 per cent to $7.8 Further reading, The Body Shop to sell much of its Asia business.
Over the next few weeks, we will be sitting down with a range of retail experts to discuss how retailers can meet customer expectations for seamless omnichannel offerings and position themselves for success, despite the economic pressures ahead. You can also watch the video on demand here: 1. ” 2.
Vicinity Centres has acquired a 50 per cent stake in the Lakeside Jundaloop shopping centre in Western Australia from Future Fund for $420 million, and will co-own it with Lendlease-managed Australian Prime Property Fund – Retail. Its tenancy profile is supported by 16 mini-majors and 267 specialties and kiosks.
The shopping centre has a lettable area of 99,873sqm and is anchored by Myer, Big W, Kmart, and Target alongside a triple supermarket offering in Coles, Woolworths, and Aldi and approximately 240 specialty stores. The centre boasts robust annual retailsales of $532 million and welcomes about 9.7 million customers a year. “A
A multi-million pound programme of investment announced today by Ellandi , a UK privately-owned shopping centre operator, is set to transform Merry Hill shopping centre near Birmingham into a best-in-class regional retail destination and the most vibrant family lifestyle destination in the West Midlands by July 2025.
Mocka sales fell 24.1 million as customers returned to in-store shopping and the brand moved on from FY22 operational issues and improved customer confidence by enhancing product design and quality. For the first seven weeks of FY24, group sales fell 8.9 per cent to $48.6
Local governments and their communities around the world have been concerned for decades about the decay of their High Streets (called ‘strips’ in Australia, ‘Main Streets’ in America, and various other names in Asia), which is closely linked to the growth of shopping centres. Would they go well in a shopping centre?
And it added new “dollar shops” for consumers to pick through seasonal, more affordably priced items. 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.”
It’s also an important time for retail staff, with many retailers taking on additional Christmas workforces to keep up with demand. However, the emergence of BFCM, and the fact many of these sales are predominantly online, has impacted the Christmas period significantly. Consider this; last year retailsales in November rose 5.8%
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.
Keeping pace with consumer trends and changing behaviours is key to the success of retail operations, particularly when managing the impact of current global events on supply chains to ensure they’re able to consistently meet demand. . Three of six key trends identified in ASCG’s latest eBook research include: 1) Spread the cost.
New concept stores, wholesale distribution and an online shopping site are set to roll out early next year. . It currently has operations in over 50 countries throughout Europe, the Middle East, Asia, Latin America and Africa, with a wholesale distribution network of 4000 points-of-sale, 120 mono-brand stores and 90 corners and shops-in-shop.
The survey of 2,000 UK consumers aged 16 to 26 was conducted in October 2023 and sought to identify the shopping habits and preferences of older Gen Z shoppers during the Golden Quarter , the peak retailsales period that runs from October through December. Currently, Gen Z is recognised as ages 11 through 26.
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. People don’t have the stimulus.
The centre’s tenant lineup is a who’s who of high-end retail, featuring designers from all around the world. Prior to Gotemba, Japan’s retail market was tightly regulated and the industry in bad shape. Government statistics show that at the time of Gotemba’s opening, retailsales in Japan had fallen for 42 consecutive months.
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 retailsales growth. How did they adapt?
Amazon.com has posted its fourth straight quarter of record profits, thanks to the global shift to online shopping during the Covid-19 pandemic. . billion on sales of US$108.5 billion on sales of US$108.5 The two-day online shopping event occurred in October last year due to uncertainty around the pandemic. “In
Competition from online shopping and restrictions from two lockdowns have dealt a blow to physical stores. According to the Centre for Retail Research, almost 14,000 shops have permanently closed this year in the UK which is a 24.8% Concepts show it in use for shops that sell trainers, electronics and food.
Elijah Etri, Skippy’s Fresh Frootz manager at Victoria Point, Queensland, has started a new Tiktok challenge, encouraging viewers to head into their local supermarket and check the prices of comparable produce and products. Private-label brand sales account for 18.1 per cent overall of all FMCG retailsales.
per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retailsales were up 19.2 With the Reserve Bank of Australia (RBA) increasing interest rates for six straight months – most recently, a 0.25
Murphy opened his first bottle shop in 1952 in Chapel Street, Prahran, Victoria, and differentiated the business by offering a guarantee to beat competitors’ prices. We haven’t seen any indication of customers trading down when it comes to the products they shop for with us,” Pfeiffer-Smith said.
The group plans to review its retail operations and identify any new opportunities that a different corporate structure could bring to Smiggle and Peter Alexander, up to a potential demerger of the brands, and to analyse any potential capital requirements, management structures, and separation costs.
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. Malaysia’s inflation rate has remained steady at 3.9
After multiple paradigm shifts in 2022, retailers are facing a very different landscape in the months ahead. Let’s start with shoppers finally emerging from a Covid-19 cocoon of contemplation and online shopping. Doing the right thing Last year also delivered a case study in the business impact of ESG behaviour.
Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the recovery prospects of the world’s second-largest economy. Sales during the marquee Singles Day shopping bonanza last year grew just 2 per cent.
With customers returning to bricks-and-mortar stores, and retail trade beginning to return to something resembling a pre-pandemic ‘normal’, shop-floor sales people are once again the first touch-point many customers will come in contact with when they want to buy.
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.
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