article thumbnail

Consumers place more value on product information delivered on retailers’ owned channels, compared to 3rd party marketplaces and social media

Retail Focus

When making online buying decisions, UK shoppers now place more value on product information delivered on retailers’ owned channels, compared to third-party channels, such as marketplaces or social media, the latest research from Intellias , the software engineering and digital consultancy company, reveals.

article thumbnail

Gen Z will rewrite the rules of Australian retail

Inside Retail

Leveraging insights into their lifestyle, aspirations, and consumption patterns, retailers can position themselves for success in this evolving market. Yet, their spending patterns highlight a willingness to pay for products and experiences they perceive as high value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Curating community: Retail’s answer to the loneliness crisis

Inside Retail

The Covid-19 epidemic brought to light flaws in our social media networks, therefore aggravating this problem. And social media, even if it provides some connectivity, can also sometimes make people feel disconnected. This need for customisation emphasises the need for developing relevant brand experiences for consumers.

Curate 130
article thumbnail

Amer Sports’ sales rise in China amidst demand for niche brands like Salomon 

Inside Retail

While major global retailers have encountered significant setbacks in penetrating the Chinese market, niche sportswear brands have demonstrated a markedly different pattern. Daxue Consulting said Chinese social media is buzzing with people enjoying summer sports.

article thumbnail

Ten AI trends retailers must embrace in 2025 to stay ahead

Inside Retail

Three key use cases of AI/ML in retail media centre on: Audience segmentation: AI can draw insights from a vast number of data sources, while advances in GenAI enables data cleansing and drawing insights from structured and unstructured data without the need for complex algorithms. Level up to demand forecasting 3.0

article thumbnail

ACCC to conduct ‘internet sweeps’ targeting greenwashing

Inside Retail

Aside from investigating the companies’ online marketing claims, the consumer watchdog will also conduct a separate sweep to target misleading reviews posted on businesses’ websites, social media accounts and third-party platforms. Influencers in the spotlight.

article thumbnail

Decoding the global trends shaping the future of retail

Inside Retail

Statista has reported that the global value of social commerce will grow from US$1.3 In late 2023, Salesforce reported that 59 per cent of consumers had shopped on social media, a massive jump from 15 per cent in 2021. Furthermore, it reported that half of shoppers are now using social media as their primary discovery channel.