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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

The multifaceted benefits of AI in retail So you probably get that AI in retail primarily uses machine learning and predictive analytics to process vast amounts of data, identifying patterns and providing valuable insights. Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI.

Tailored 245
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E-commerce sales fall as cost-of-living pressures hit consumers

Inside Retail

According to new figures from global e-commerce and marketplace accelerator Pattern , online retail sales in July across Australia declined by 34 per cent compared to the same period last year. About the author: Merline McGregor is GM at Pattern Australia. For more information, visit: [link] or email au@pattern.com.

Consumer 246
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How Amazon, Temu, and Shein are reshaping Australia’s retail landscape

Inside Retail

billion, Temu’s growth has been meteoric, largely fuelled by its competitive pricing and frequent promotional events. This shift in buying patterns has left many traditional retailers scrambling to adapt to a retail environment they scarcely recognise. In the last year alone, 3.8 With annual sales in Australia estimated at$1.7

Fashion 246
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The rise and rise of subscription boxes shows the market is ripe for growth

Inside Retail

This is often driven by customers being wary of promotional ‘traps’, where the full price kicks in after an initial promotional period, leading to higher-than-expected expenses if they forget to cancel or pause their subscription.​ These subscriptions often include curated selections of products tailored to individual skincare needs.

Marketing 246
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Why Understanding Modern Banking Products Adds Value to High-End Retail Strategies

Retail Focus

It’s not really like you’re only into selling luxury items; you have high-value offerings about tailored experiences that can speak volumes to financially savvy elite customers. It will also allow you to offer tailored incentives or rewards to customers who are CMA account holders.

Strategy 147
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MAPIC 2024: Highlights of the 2024 Edition

Retail Focus

With 50 acres of parks, the project aspires to build a community around four commitments: achieving zero carbon emissions, ensuring excellent connectivity, promoting sports and recreation, and creating a place where everyone can thrive. These seemingly trivial behaviours reveal deeper emotional and psychological patterns.

Expansion 264
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How Data Analytics Is Revolutionising Retail Design in 2024

Retail Focus

Advanced tools analyze historical data to spot patterns, ensuring you stay ahead of the curve. You analyze foot traffic patterns to determine which areas get the most attention and adjust displays accordingly. Data also reveals peak shopping times so you can optimize staffing and promotions.