This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The latest retailsales figures are really quite incredible. According to the Bureau of Statistics (ABS), retailsales rose by 0.6 My tip is that retailsales figures in the next couple of months will start to reflect this. The post Australia’s retailsales growth can’t last.
Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling. If you only look at the stock turn, you may be too late to determine the root cause.”
As the data-decision driven world continues to evolve, the marketing space is seeing marketers, category and brand professionals alike held more accountable than ever for success and delivering results – not just with vanity metrics like clicks and engagement, but perpetually trying to understand how these convert into sales.
Total sales for the year in China were US$7.5 per cent of global sales compared with 14.2 Accelerating the pipeline The weakish result on the revenue front might have disappointed the market but it shouldn’t have come as a big surprise. billion, or 14.7 per cent in the preceding year. per cent, including 3.7
Dollars and sense While it’s unclear who if anyone will take over AFW, Garland believes it would be better able to serve the industry if it was owned by the government as a not-for-profit organisation – promising an inclusive program that doesn’t exclude designers based on their marketing budget alone. “I
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.
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
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 retailmarkets. If your sales numbers are stagnant or, worse, declining, its a glaring red flag.
Hong Kong retailsales continue to experience a recession, reporting a double-digit drop in two consecutive months in May and a 6.1 A government spokesman said the decline in sales was mainly due to the changes in the consumption patterns of visitors and residents, as well as the strength of the Hong Kong dollar.
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.
Crowdstrike is a market-leading anti-malware solution because it rapidly delivers updates to detect new threats. 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. The same is true for cloud providers like AWS.
South East Asia is an overall important market for us and the initial launches in neighbouring countries made Malaysia a natural market to enter into,” Mulholland told Inside Retail. The company will collaborate closely with its partners to tailor its product range to the Malaysian market.
In a rollercoaster year for retailsales, a survey of retailers has indicated an optimistic outlook for store network growth. In what the national property agency CBRE described as a ‘flash survey’, 83 per cent of Australian respondents across a snapshot of the Asia Pacific region indicated expansion plans.
Vincom Retail is Vietnam’s biggest mall operator by dint of opening malls here, there and everywhere, but is this the right strategy? Its continuing stagnation in key operating metrics on a year-over-year basis, despite rising retailsales and a sound economy, is concerning. per cent in the first nine months of the year.
Influencer marketing is a form of marketing where businesses partner with social media influencers to promote their products or services. Retail-specific influencers play a significant role in promoting products and driving sales for brands at specific retailers.
We have plans to bring in new business systems to Nutrimetics and to increase the sales and marketing support for our independent consultants and grow revenue.”. Rod Taylor, CEO of New Image International, said that when Tupperware had decided to divest its beauty business units, New Image Group saw an opportunity. “We
Continued work from home and a reduced supply in the residential market has also boosted key large format retail categories, with many outperforming broader retailsales growth,” he said.
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.
As the data-decision driven world continues to evolve, the marketing space is seeing marketers, category and brand professionals alike held more accountable than ever for success and delivering results – not just with vanity metrics like clicks and engagement, but perpetually trying to understand how these convert into sales.
Indeed, 2025s business plan includes piloting large-format stores in such locations. For 2025, the companys business plan is to end the year with about 200 stores. According to the company, Thailands retailsales increased by 8.9 per cent in the first 9 months of 2024, on top of 11.7 per cent growth in 2023.
According to a recent report by Bain & Co and Meta, GDP growth and inflation in Southeast Asia are projected to perform better than other markets, such as the US and EU. The share of respondents in the Statista survey who said they were planning to spend more was the highest in India, at 76 per cent. Unique tactics. 10.10, 11.11
How online shopping played a key role Black Friday turnout this year This year’s record-breaking Black Friday sales did not come by accident. 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.
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.
Former Woolworths executive Bill Wavish and gaming czar Bruce Mathieson have developed a “fix it” plan for Endeavour Group. The plan involves having Wavish join the board of the liquor and gaming powerhouse, which they argue has lost its way after being divested by Woolworths in 2019. Sales have increased by around $1.5
And while the business’ retail division is ending the year on strong footing, potentially more impressive is its digital uptake. Donohue noted that the group sees an opportunity to better personalise its marketing content for its growing loyal customer base: with the ‘My Dan’ loyalty program jumping 15 per cent to over 4.5
Retail is booming and rents are, too, in the main cities Vincoms performance took place against the backdrop of booming retailsales. National retailsales tabulated by Vietnams National Statistics Office (NSO) grew by a hefty 9.0 The economy grew by 7.1
Thailand’s HomePro is strengthening its market leadership in the country’s DIY/home improvement industry in the first half of 2023. According to Statista Market Insights, the DIY and Hardware market was worth US$14.21 According to Statista Market Insights, the DIY and Hardware market was worth US$14.21
Before 2020, when travel was easy and diplomatic relations were cordial, I placed great emphasis on the need to build trusted relationships on the ground in China as the foundation of a successful market entry strategy. Accept that China is a very different market to the one you’re used to. Research the right market.
“This is a fantastic new partnership for PAS and we’re very excited to launch Replay into the Australian and New Zealand markets in the first quarter of 2022,” he said. “We PAS Group plans to open three to five Replay stores before deciding on a broader rollout. It also plans to launch a local online shopping site.
The ACCC will not oppose Woolworths Group’s plan to acquire food distributor PFD Food Services following a detailed investigation. And] while there were concerns expressed by some suppliers, many suppliers did not raise competition concerns.”. And according to MGA CEO Jos de Briun, their fight isn’t over.
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.
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. The market is holdings its breath. Brooke Norton – Supplied.
Retailers worldwide have battled slowing conditions, with Australian footwear giant Accent Group and American fashion brand Guess recently highlighting the impact lower consumer confidence is having on the wider market. Still, many shoppers have indicated that they are planning to wait for ‘better deals’ closer to the end of the year.
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
The tradition of gift-giving at Christmas drives billions of dollars in retailsales every year. Salvos’ Christmas campaign comes at a time of growing interest in the secondhand market. In Australia alone, consumers are expected to spend $63.9 billion this festive season, according to Roy Morgan and Salesforce.
Australia, like many other regions, is witnessing a significant shift in consumer behaviour, with e-commerce playing an increasingly integral role in the retail landscape. According to recent statistics, online retailsales have experienced substantial growth, reaching a staggering $40.2 billion in 2022.
Enticing shoppers into bricks-and-mortar stores to spend their hard-earned money during a cost-of-living crisis requires marketing teams to get creative, leveraging everything from giveaways to extended trading and entertainment. per cent higher than last year, with ultra-luxury brands expected to be most disappointed in sales this year.
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). Meanwhile, 33.09
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. This article was originally published in the 2023 Australian Retail Outlook, powered by KPMG.
In that role, he was responsible for product sourcing, buying, design, marketing, wholesale and retailsales, brand positioning and organisational development. Over the past 20 years Brown has had a “uniquely diverse” fashion retail background, said Duncan, spanning strategic planning, brand management and customer service.
You should always prepare for the worst because you won’t likely hit sales in all seasons without a solid sales and marketingplan 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 .
In fact, China saw its economy strengthen in November 2020, with retailsales expanding by five per cent. Hopefully, as vaccines roll out across Southeast Asia, and the eventual relaxation of the MCO, will set the retail industry firmly on the path to recovery and growth. Strategically located on a gross area of 3.48
Aeon Mall, Japan’s pan-Asian mall developer, is slowly but surely engineering a shift in its development focus from Japan to growth markets in China and Southeast Asia. As a result, the contribution of those non-Japan markets to revenue can be expected to increase steadily. In June, retailsales were up 2.0
billion in global retailsales in 2023 , US Polo Assn, the official brand of the United States Polo Association, is reaping the rewards of its strategic expansion across continents, robust digital presence and investment in forging key partnerships. With a resounding $2.4 This series recently won a prestigious Gold LIT Award,” he said.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content