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Australian Retail Outlook 2023: Paradigm shifts and fresh perspectives

Inside Retail

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. More than ever, it is a time for new perspectives and fresh approaches.

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Vincom’s retail struggles: Vacancy woes persist amidst Vietnam’s shopping boom

Inside Retail

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 economy grew by 7.1

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Unwrapping retail spending over the Christmas sales season

Inside Retail

With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retail sales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead. per cent to $51 billion.

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Hong Kong retail sales remain grim: Is there light at the end of the tunnel?

Inside Retail

Hong Kong retail sales 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.

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Black Friday 2024 results showcase the growing power of AI and chatbots

Inside Retail

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.

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Innovation wins: Why global marketplaces are winning the online war

Inside Retail

Research from E-marketer shows that global marketplaces accounted for 62 per cent of online retail sales last year up four points from 2022. And make no mistake, TikTok Shop is now coming to this market. David Jones customers are twice as likely to shop on Temu than the average Australian.

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“A big vote of confidence”: Why Walmart’s store upgrades are key

Inside Retail

The retailer also expanded its vision centres and pharmacies with private screening rooms, and placed digital touchpoints throughout the store to provide information of products and services. And it added new “dollar shops” for consumers to pick through seasonal, more affordably priced items. billion in 2017.

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