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Retail sales grow in May amid early EOFY promotions

Inside Retail

Australian retail sales slightly rose year over year in May as shoppers took advantage of early end-of-financial-year (EOFY) promotions and sales events. Australian Bureau of Statistics (ABS) data showed that retail sales totaled $35.94 Food retail sales grew 3.0 billion during the month.

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Endeavour’s retail sales remain flat in fiscal first quarter

Inside Retail

Endeavour Group ‘s retail sales remained flat in the fiscal first quarter as customers shopped more selectively. The company’s retail sales totalled $2.54 billion, with BWS and Dan Murphy’s comparable store sales declining 1.1 Online sales increased 6.3 Meanwhile, hotel sales grew 2.5

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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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10 Different Techniques to Try to Increase High-End Retail Sales

Retail Focus

Leverage Programs and Promotions Offer creative promotions to entice customers to buy. to create an immersive and upscale shopping experience. In Conclusion… These are just some of the techniques you can use to increase high-end retail sales. Make sure these people have an audience in your niche.

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How poor planning is costing retailers sales – and profits

Inside Retail

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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More Australians lose trust in supermarket pricing, ACCC says

Inside Retail

The Australian Competition and Consumer Commission’s (ACCC) interim report for supermarkets inquiry revealed that almost 50 per cent of consumers now ‘often’ or ‘always’ compare prices before shopping, a significant increase from 17 per cent found by the watchdog’s 2008 Grocery Inquiry.

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Analysis: What to expect from retailers’ FY24 results

Inside Retail

Its economic data analysis will include retail sales at its August meeting with speculation around another increase in interest rates. Retailers are praying for a most unlikely cut to interest rates or, at least, a hold on them at the August board meeting.