Inside Retail

JULY 18, 2024

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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Retail Focus

MARCH 30, 2023

Start Networking With Influencers Reach out to stylists, bloggers, influencers, and other relevant people in your industry to forge relationships. Build Relevant Partnerships Partner with other stores, services, or even non-profits to create exclusive offers and unique experiences. Put these to use, and you’ll notice great results.

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Inside Retail

MARCH 3, 2025

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? The bottom line?

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Inside Retail

DECEMBER 17, 2024

Research from E-marketer shows that global marketplaces accounted for 62 per cent of online retail sales last year up four points from 2022. The answer lies in brand recognition, a diverse product range, innovation, the use of technology to understand customers’ needs and preferences, and aggressive pricing strategies.

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Inside Retail

JANUARY 6, 2025

Its not a bad ploy and it fits well with the broader expansion strategy, but even so, this is a company with much greater ambition than selling pens to students. According to the company, Thailands retail sales increased by 8.9 Indeed, 2025s business plan includes piloting large-format stores in such locations.

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Inside Retail

FEBRUARY 5, 2025

Retail is booming and rents are, too, in the main cities Vincoms performance took place against the backdrop of booming retail sales. National retail sales tabulated by Vietnams National Statistics Office (NSO) grew by a hefty 9.0 The 20th birthday party was a well-staged event, but it doesnt paper over the cracks.

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Inside Retail

FEBRUARY 20, 2024

In this article, we will delve into the top five e-commerce tips that should be at the forefront of your strategy, with a keen focus on driving growth not only within the digital realm but across your entire business. According to recent statistics, online retail sales have experienced substantial growth, reaching a staggering $40.2

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Inside Retail

JUNE 30, 2024

And CEO John Donohoe has insisted that the company wouldn’t give in on its pricing strategy in an increasingly promotional and competitive environment. According to the China National Statistics Office, retail sales of all consumer goods through the first five months of the year have grown by 4.1 per cent, including 3.7

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Inside Retail

JUNE 22, 2023

There isn’t a silver bullet fix to restoring consumer confidence other than cost-of-living relief. Following the GFC, he noted that the retailers who did this were able to exit the recession quicker compared to competitors, and come out stronger on the other side. Many economists suggest inflation has, or is close to, its peak.

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Inside Retail

JUNE 9, 2022

Last month we talked about How coaching influences the retail sales culture. A great culture is important in performance; however, there are many other benefits of coaching that are often overlooked but are powerful contributors to staff attraction, retention, fewer sick days and better performance. Benefits for the individual.

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Retail Focus

DECEMBER 10, 2021

Supply chain issues and pandemic-related shortages continue to impact retailers worldwide, while the ever-accelerating shift to online shopping has left gaps in the high street – with House of Fraser the latest big name to announce it is closing its Oxford Street store in January. . Despite this, there are some bright shoots of recovery.

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Inside Retail

NOVEMBER 13, 2023

Go-to destination for grocery According to Statista , a German data and analytics platform, in the US, Walmart’s net sales grew by seven per cent year on year in the 2023 fiscal year. Currently, Walmart is the largest retailer in the US, with over double the retail sales of its nearest competitors. billion in 2017.

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Inside Retail

SEPTEMBER 13, 2022

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.

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Inside Retail

APRIL 30, 2024

billion in global retail sales 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

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Inside Retail

APRIL 29, 2021

They are now so big and so powerful that Amazon is the default,” Nathan Bush, director of e-commerce strategy at eSuite, told Inside Retail. “Many domestic retailers were not strong on digital, especially department stores which offer similar home product ranges,” she told Inside Retail. . billion in 2019.

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Retail Focus

MARCH 29, 2022

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. . Download your free copy of the eBook here. .

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Retail Focus

JANUARY 24, 2023

Unsurprisingly, retail sales are predicted to struggle this year, with discretionary and leisure items being more negatively impacted than others. When analysing market conditions, however, other factors need to be taken into consideration, including the geo-political climate and weather conditions.

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Retail Bound

NOVEMBER 28, 2023

In this blog, we’ll explore how product videos can benefit retail sales and why they should be an integral part of any brand’s marketing strategy. Product videos, on the other hand, can instantly pique interest and encourage viewers to learn more about a product.

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RetailMinded

JUNE 16, 2021

Sales forecasting shows the potential problems that impact sales quota to resolve them even before they arise. This information is vital in making the right strategies to prevent a drastic reduction in sales. Below are some tips to help improve your retail sales forecasting. Hire A Financial Analyst .

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Inside Retail

OCTOBER 2, 2023

billion – with a large question mark over how viable such an expansion would be due to the fact that it is ‘unproven’ in other markets. Australian retail sales have fallen in recent months, and Premier hasn’t been exempt from that. “As Despite this, Lew remains bullish on the prospect of Premier’s brands going global.

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Inside Retail

MARCH 13, 2023

Pfeiffer-Smith stepped into the MD job in July 2022, shifting across from a role as Endeavour Group’s chief strategy officer. In the future, we believe customers will still want to visit physical stores, but they will do so for experiences and to engage with others, rather than just picking up a bottle.

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Inside Retail

JUNE 30, 2021

In fact, China saw its economy strengthen in November 2020, with retail sales 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.

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Inside Retail

NOVEMBER 29, 2022

Australian retail sales are on the rise, but new research suggests that this growth is driven by inflation, not by consumers buying more. Other new research also links this growth to rising profits. And consider your platform strategy – promotions, shipping and fulfilment can all influence price-sensitive shoppers.

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Inside Retail

DECEMBER 13, 2023

According to a report by global data and business intelligence platform Statista , retail sales over the 2023 holiday season are projected to be between $957.3 billion in retail sales the year before. But that is beginning to change, as American institutions increasingly embrace multicultural festivities.

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Inside Retail

OCTOBER 5, 2023

The era of combative relationships between retailers and landlords has passed according to experienced retail property specialist Elizabeth Corr. The future should be about collaboration, especially in an era where online is taking a growing share of total retail sales, she says.

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Parcel Pending

FEBRUARY 12, 2024

1,2 The challenge for convenience store owners, therefore, is implementing a business plan with strategies that increase retail sales, foot traffic, and profit margins. Returning customers spend 33% more per order compared to other customers. They are moving away from soda and finding alternatives in other sectors.”

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Inside Retail

DECEMBER 10, 2024

In its annual report, advisory firm Coresight Research identified six trends, including the advanced integration of generative artificial intelligence (GenAI) and the growing impact of GLP-1 drugs, that will impact the US retail industry in the year ahead.

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Inside Retail

APRIL 8, 2021

The Wesfarmers, Woolworths and Super Retail Group chains all posted significant increases along with other retailers, including Coles, Harvey Norman, JB Hi-Fi and Nick Scali. Others have also experienced positive growth due to the increase in online sales. per cent increase in sales and an 88.9

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Parcel Pending

FEBRUARY 12, 2025

This crucial data from shipping patterns to return rates gives retailers essential insights to shape their logistics and fulfillment strategies in the year ahead. Holiday Sales Surpass Expectations Retailers in 2024 had a banner holiday season, exceeding expectations. Sources: Salesforce. Online, Salesforce Data Shows.

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Inside Retail

MARCH 17, 2022

In this interview with Inside Retail , Sullivan discusses the strategy behind the launch, her thoughts on the state of physical retail and how retailers can successfully create a “luxe-for-less” experience for customers. IR: What are some of your other plans for MCoBeauty this year? That’s what our customers want.

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Parcel Pending

NOVEMBER 4, 2024

Ironically, however, the shopping season is getting longer thanks to big box retailers like Amazon, which kicked off its holiday season with Prime Big Deal Days in early October. Other retailers such as Walmart, Target, and Wayfair offered their deals in September and early October as well.

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Inside Retail

SEPTEMBER 17, 2023

To say that the Covid-19 pandemic disrupted the retail industry would be an understatement. However, with international borders open again, and everyone seemingly heading to Europe in recent months, the travel retail market is booming. What does travel retail mean? per cent ove overall sales.

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Retail Focus

FEBRUARY 2, 2024

It is more about providing top-notch customer services to give them a reason to choose your brand over the others and recommend it as well. Exceptional customer service goes beyond driving sales. The annual retail sales in the UK totaled 496 billion pounds in 2022, growing significantly over the last decade.

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Inside Retail

FEBRUARY 2, 2023

He went on to say that given MLB’s success in South Korea, China and Hong Kong, it is a natural progression for the business to explore other markets in the Southeast region. Valiram went on to say that he sees the same customer behaviour in other markets in Southeast Asia. Stay tuned,” he said.

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Creative Displays Now

SEPTEMBER 15, 2023

Retail customers have various ways to shop, from brick-and-mortar to e-commerce stores. When marketing your products, developing strategies that help you reach audiences in all channels is essential. Even with the number of people shopping online, 85% of all retail sales still happen in brick-and-mortar stores.

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Inside Retail

APRIL 4, 2023

IR: Can you discuss the split between e-commerce and physical retail sales, and whether there are distinct strategies in place for each channel? Do you think the physical locations are or will enhance online sales? LR: We don’t view online and offline as disparate strategies. Is that being done already?

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Inside Retail

NOVEMBER 18, 2021

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. While some Australian primary products (e.g. home, mother and infant. ? health supplements.

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