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Retailsales improved in October, with cosmetics, sports and recreational goods leading the increase, Australian Bureau of Statistics (ABS) data showed. Retailsales during the month climbed 3.4 billion, with other retailing – which includes cosmetics, sports and recreational goods – soaring 8.4 per cent to $5.85
Australian Christmas retailsales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Meanwhile, the Australia Retail Association (ARA) says Australian retailsales increased 12.9
Working with retailers across Australia and New Zealand, Quantiful CEO Jamie Cormack has identified poor planning outcomes as one of the significant causes forcing retailers to contract and even close stores today. The innovation is a demand planning tool that delivers accurate forecasts and illustrates what is driving demand.”
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.
per cent like-for-like retailsales growth, opened 42 new stores, secured the distribution rights for Dickies and Lacoste, divested The Trybe business and made progress on the closure of underperforming Glue stores,” said Daniel Agostinelli, Accent Group CEO. . “During the half, the company delivered 2.9
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.
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.
Retailsales are extremely patchy and discretionary spending is down,” stated Garland. The ones that can afford it really don’t need it as they are established brands with strong distribution, retail and PR already put in place,” she added.
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 retail markets. Sometimes, the very agency you trusted to drive your retail success may start holding your business back.
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. “The
Footwear retailer Accent Group ‘s net profit plunged amid higher sales in the last fiscal year. million despite sales increasing 2.7 However, like-for-like retailsales fell to 1.7 For the current fiscal year, the company plans to open at least 50 new stores. Like-for-like retailsales jumped 3.5
The report found that the majority of Gen Z shoppers plan to spend more or the same on Christmas gifts compared to last year and that visiting stores during the festive period is a top priority. As this demographic gets older and gains more disposable income, they have become a key audience for retailers to engage.
Accent Group’s sales in the first 19 weeks of FY24 remained flat but the fashion and footwear company is still on track to open 70 new stores in the first half of the fiscal year. The company said that its owned retailsales went up 2.1 per cent while like-for-like sales declined 2 per cent.
That plan included switching from company-owned stores to a third-party distribution and retailsales model. News.com reports that the plan would involve the loss of 700 jobs and the closure of nine warehouses and 100 retail and fleet stores, which the site said was a reference to Beaurepaires.
We understand that organising training can be time consuming… But, delivering training online can take the hassle out of planning staff training. The post Training retailsales teams? Here’s why face-to-face won’t cut it anymore appeared first on Inside Retail.
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. In Australias 2023 Optus outage, retailers with contingency plans, such as accepting cash or switching to backup systems, were able to minimise downtime and maintain customer trust.
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.
Plan for Success Once you find the right influencer to represent your brand, it’s time to create brand messaging guidelines for the influencer’s content. Creating a guide will inform the retail-specific influencer with what kind of content you expect from them to portray your brand accurately.
According to a Statista survey conducted in selected Asian countries in February and March, 46 per cent of all Muslim respondents in Asia were planning to spend more during Ramadan this year compared to the previous year. The post Here’s an in-depth look at the major retailsales events in Southeast Asia appeared first on Inside Retail.
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.
The first seven weeks of FY23 have been relatively strong, with a return to a normal pattern of trade in retail and a continued recovery in Endeavour Group’s hotels division. Compared to the beginning of Fy20, before Covid-19 hit, retailsales were up 12.7 per cent and hotels 13.4
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. Adjacent to the centre lies 7.34
Understanding these changing patterns has become crucial for businesses looking to capitalise on this significant retail opportunity. According to the company, from 2022 to 2023, sales increased by 8 per cent, followed by an even stronger surge of 16 per cent from 2023 to 2024.
National retailsales fell 1.7 The data, care of the ABS, demonstrates the prolonged impact lockdowns around the country are having on the retail industry: clothing, footwear and personal accessories sales fell 17.4 There’s little consistency across the three reopening plans,” Zahra said.
Analysts suggest that while a cut seems probable in the first quarter of next year (hopefully before Easter anyway), it’s uncertain how quickly any rate reduction will trickle down to impact retailsales. Online shopping continues to grow, with Australians increasingly planning their purchases earlier than their in-store counterparts.
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.
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.
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
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.
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
Among those celebrating 30 years of tenure with Officeworks this year is Dee Brun, who is in retailsales with the company. Under the 2025 plan, Officeworks has achieved its targets to reduce Scope One and Two emissions two years early, having reduced its direct carbon emissions by 40 per cent since 2018 and by 12 per cent in FY23.
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.
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.”.
PAS Group plans to open three to five Replay stores before deciding on a broader rollout. PAS Group is also exploring wholesale distribution of the brand through the likes of David Jones and independent menswear retailers. It also plans to launch a local online shopping site. The first store is set to open in February.
“As long as it doesn’t invade or reduce the retail store spaces, it can only be perceived as a positive by retailers and their customers.”. Senior Lecturer in Urban Planning at the University of Melbourne, Dr Judy Bush believes there are many opportunities to create or increase green spaces in urban areas across Australia.
The third company reporting segment is rental and retail services from space it leases to small tenants in its self-anchored malls in Thailand and Malaysia. Although it is a much smaller income stream than wholesale or retailsales, it is important and becoming more so. Revenues for this segment amounted to 3.6
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.
Retailsales increased by 1.3 Retailsales are still well ahead by 16.5 Total sales for the Super Retail Group, one of Australia and New Zealand’s largest retailers, increased by 2.8 Overall consumer confidence also remains in deeply negative territory. per cent month on month in July and are 16.5
According to Salesforce, US retailsales are expected to grow only 1 per cent over the November and December period, a rate far slower than recent years. Still, many shoppers have indicated that they are planning to wait for ‘better deals’ closer to the end of the year. This isn’t just an Australian trend, either.
Nine in 10 of the best-selling days for e-commerce retailers come in the same quarter. And one-third of all retailsales happen during the holiday season. Testing When gearing up for peak, ensure rigorous testing of your content and promotional plans on both test environments and in production well in advance.
You should always prepare for the worst because you won’t likely hit sales in all seasons without a solid sales and marketing plan 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 .
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