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Retail Consultant | Published author | Visiting lecturer Hyper-local strategies have been increasingly applied by luxury brands to connect with specific communities through limited-time pop-up stores. Luxury brand strategies can be enhanced by incorporating several factors: 1. Ghalia BOUSTANI.
Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. The store openings are part of the strategies to improve sales and gross profit margin in FY25, said CEO Clinton Cahn. The Reject Shop posted record sales of $852.7 million last year, up 4.1
Here are three key strategies Adidas is using to keep its stock in check. Unifying online and offline channels with a single system Todays customers expect a seamless shopping experience, whether theyre browsing in-store or online. We use it across multiple regions, like greater China, and emerging markets in Latin America.
The Reject Shop has entered an acquisition agreement with Canadian convenience chain Dollarama. The Reject Shop Board unanimously recommends that shareholders vote in favour of the scheme, with the acquisition price of $6.68 cash per share representing a 112 per cent premium to the closing share price of $3.15 on March 26.
Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.
Generative AI and machine learning is nothing new to Amazon.The e-commerce giant has been leveraging technology to personalise its customers’ shopping experience for decades now. Instead, Amazon’s AI shopping guides will blend educational content and customer insights to help shoppers make informed purchase decisions.
The Reject Shop says its new merchandise strategy is showing positive results. FY24 is the first full year the strategy has been “meaningfully” deployed and the discount retailer achieved annual comp-store sales growth of 2.7 per cent and overall sales growth of 4.2 per cent while total sales jumped 4.1
This article breaks down five innovative offer strategies that can give your retail business the edge. Whether it’s pairing shoes with care kits or gym wear with supplements, this strategy helps to lift both order value and customer satisfaction. Start with one approach, test, and adapt.
Despite rising costs and inflation in the current economic climate in Australia, Costco has maintained its pricing strategy and incentivised loyal members rather than increasing margins. The more we save, the more loyal our members are, and they’ll [continue to] shop with us, she added.
Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Let's set the record straight: in-store retail isn't dead - it's evolving!
Ramadan continues to be a crucial shopping period across Southeast Asia, with evolving consumer behaviours and market dynamics shaping the retail landscape. However, Indonesia experienced an 11 per cent decline in online sales, pointing to shifting consumer preferences and the need for brands to refine their Ramadan strategies.
In todays competitive retail landscape, customer insights play a crucial role in shaping business strategies and enhancing the overall shopping experience. The post How Officeworks uses customer insights to drive strategy appeared first on Inside Retail Australia. You can download the full report here.
Events like Black Friday have already pulled forward holiday spending, leading to a longer, more consistent sales period, including the Halloween shopping event, which now exceeds more than $450 million in sales in Australia. Retailers need to leverage this trend to prepare for an earlier holiday season.
Planning approval has been granted for the reconfiguration of four entrances at Highcross Shopping Centre, one of NewRivers capital partnership assets in Leicester. Highcross , a 1,100,000 sq ft regional shopping centre sits in the heart of Leicester and is the principal retail and leisure offer within the city and beyond.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
Gain insights into the following: 🎯 Understand the essential role of customer data in creating personalized retail experiences 🔍 Master the step-by-step process for collecting and analyzing data for personalization success 🚀 How to apply new found insights to enhance both online and offline shopping experiences 🛒 Learn (..)
The recent opening of Lululemon’s new flagship at Emporium Melbourne marked a key milestone for the brand and its robust growth strategy in the region. Inside Retail spoke with Paul Tinkler, vice president of Lululemon ANZ, about the significance of this opening and how it fits into the activewear brand’s broader business strategy.
Research shows that a lousy customer experience will deter 76 per cent of customers from returning to shop on your platform. Blue Yonder has identified five common challenges to cover in your peak season strategy… 1. So, it is critical to optimise service and customer experience online.
Seasonal shopping events such as Black Friday, Cyber Monday, and the back-to-school season have a significant impact on retail stock prices. In this article, we will delve into the dynamics of seasonal shopping and its effects on retail stock prices.
Theres a different energy when customers shop in person versus browsing from their homes. The post Beare Park founder Gabriella Pereira reveals her pop-up strategy appeared first on Inside Retail Australia. IR : What insights are you looking to gain from this initiative?
Much like the broader retail industry, The Reject Shop is facing inflationary pressures but it remains focused on its mission to provide value to its customers. “By By shopping with us, customers save money,” Amy Eshuys, The Reject Shop’s chief operating officer, told Inside Retail. “We
While sales might be up for brands that adopt a high/low pricing strategy like JB HiFi, their bottom line isn’t looking so rosy. They can shop on their terms – when they want and get what they need – with the confidence they’re paying a low price. Going all-in on EDLP In its purest form, prices don’t fluctuate within an EDLP strategy.
Let’s dive into the shifts expected to alter shopping for this year’s holiday season and explore additional winning strategies for retailers. With the rise of buy now, pay later (BNPL) services and alternative currencies, shopping has never been more frictionless.
Nestled in the pulsing heart of Seoul’s vibrant Myeong-dong shopping district, H&M’s concept store isn’t just another retail outlet but a bigger part of the group’s bet on Asia. “We We have introduced services where customers can track down real-time where a product can be found on the shop floor through the RFID solutions.
They were visible in malls, high streets, shopping centres, or online marketplaces. million Australians now shopping on the platform every month. Today’s consumers expect a seamless shopping experience, fast delivery, and competitive pricing. Once, we knew our competitors.
Any retailer worth its salt understands that consumers’ shopping behaviour varies across different age demographics. Coresight also revealed several large behavioural differences between these cohorts, ranging from their perspectives on personal financial and economic conditions to the retailers they prefer to shop with.
We currently live in an era marked by economic uncertainty, environmental consciousness, and a desire for uniqueness, Australians are increasingly embracing second-hand shopping. The hunt for the thrill of it One of the driving appeals of second-hand shopping lies in the exhilaration of the search, the dopamine release gained in the hunt.
Eyewear retailer 1001 Optometry is refurbishing 25 to 30 stores located in shopping centres, implementing the brand’s “Details are Beautiful” strategy.
The saying goes, “Any publicity is good publicity,” but more importantly what is the strategy driving such an investment? For 80 to 1,100 Snap Tokens— users can shop designer collections from Valentino, Prada and Miu Miu for their Bitmoji avatars. And in December, Valentino added new styles to the Bitmoji offering.
As the Black Friday 2024 shopping frenzy approaches, Australian retailers are gearing up for their biggest challenge yet – managing skyrocketing demand while staying efficient. To seize this massive opportunity, retailers must ensure smooth, scalable shopping experiences, and automation is the way forward. The key to thriving?
Even so, retailers offering a strong value proposition and attractive shopping experience are gaining steadfast shoppers. Part of the brand’s growth strategy involves tapping into the ‘little treat’ culture at a time when cost-of-living pressures remain high. Growth opportunities are hard to come by. Probably not,” Yakubson said. “We’re
The Grand Eastlakes Shopping Centre in Sydney has rebranded to One Global Gallery. The shopping centre is the first of One Global Capital’s planned retail galleries to be created under the brand. The company acquired The Grand Eastlakes Shopping Centre in October and is targeting more acquisitions in the coming months.
Liz Randle, Vinnies Victoria’s head of merchandise and retail innovation, has been with the company for over 13 years and has witnessed the op shop’s evolution from a network of bricks-and-mortar stores into an e-commerce platform. We have created an environment that heroes our values and honours the donation, said Randle.
This month, Salomon opened its first direct-to-consumer store in Australia at Melbourne’s Chadstone Shopping Centre – a milestone in the brand’s journey of accelerating its growth in the ANZ region. The unique set of Salomon partner trail events is an expansion of its global strategy.
The first two stores will open in Sydneys Stockland Shopping Centres before adding three further stores in New South Wales to its bricks-and-mortar network in 2025. Flying Tigers expansion strategy is rapid; it plans to have a footprint of 50 stores across Australia in the next five years.
I had clients tell me they refuse to shop in the city now,” Poulakis said. They told him it was “easier to drive to Chadstone, valet the car and go shopping” than to navigate public transport. Notably, Harrolds was a latecomer to e-commerce, only launching an online shopping site in 2020.
Wood panelling and glossy floor tiles bring a nostalgic feel to this chocolate shop in London's Covent Garden , which design practice Morrisstudio and architecture firm Built Works have designed to invoke a golden age of confectionery. The interior forms part of a project that includes the brand strategy, naming and concept design.
So what are Sephora’s key tech strategies and how can you apply them to your own business? Transforming the way customers shop Sephora is known for embracing augmented reality (AR) to transform the way customers shop. Building a strong online community and engagement is another important strategy.
Typically, consumers seek out department stores and shopping centres to get in the holiday spirit but LaManna has managed to position itself as the exception. The food emporium has earned a reputation for its hospitality-first approach in the grocery sector and its strategy for the holiday season will follow the same playbook.
The approach of offering fewer products while increasing promotional impact reflects how a retailer like Currys is refining its strategy to balance consumer preferences with enticing deals to consumers. The average price of a wearable this year came in at £287.80, down by 8.55% compared to 2023’s average of £313.83.
A stagnant industry There has been significant innovation in the food and grocery retail supply chain yet it has rarely been deployed to revolutionise how everyday consumers shop. In the average month, you might shop at a half dozen different places for groceries and everyday essentials, like personal and household goods,” shared Hoggett.
Having worked in the public relations and digital strategy space for several years, Kaye already had a well-developed understanding of how to connect with customers and build authentic relationships between the brand and the consumer.
Supermarket chain Aldi has dropped its plan to expand into online shopping believing it might affect its ability to continue providing low-cost products for customers. In addition, offering online shopping would also create more complexity given Aldi is still building warehouses and an automated distribution centre, Lack stated.
Emporium Melbourne shopping centre has welcomed a slew of high-profile retailers in the past month. Despite the economic downturn, the centre’s success is rooted in its ‘carefully curated’ leasing strategy. Post-pandemic, Emporium has identified a shift in shopping patterns and an uptake in the evening and weekend foot traffic.
Consumers like to shop for something new from the range if they have everything already. What’s the retail strategy in Australia? We have a very clear channel strategy by brand. And when we bought Georg Jensen, we were attracted to it because it just amplifies our own strategy. Georg Jensen is DTC.
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