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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
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.
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.
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
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.
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.
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.
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!
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.
In addition to this, patrons could buy special merch and shop exclusive bundles, and the pop-up served as an educational tool. The post What brands can learn from the Béis Wash marketing strategy appeared first on Inside Retail Australia.
The world’s largest retailer shared expansive plans for the future of retail at the recent Consumer Electronics Show (CES 2024), focusing on adaptive retail strategies that encompass realms of customers, workforce and society. Embracing AI Walmart’s goal is to make shopping experiences effortless, engaging and personalised.
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.
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 (..)
Book retailer QBD Books is taking over the former Dymocks store space at the Broadway Shopping Centre in Sydney’s CBD. The post QBD Books to replace Dymocks in Sydney CBD shopping centre appeared first on Inside Retail Australia.
According to the report, about 70 per cent of respondents would like to make a change in their shopping habits to align with more ethical practices. At the same time, she pointed out that 70 per cent of Australians still want to change their shopping habits to align with their values over the next 12 months.
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.
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.
Aesop will return to David Jones next month as part of the department store chain’s strategy to boost its luxury beauty offerings. The brand will later launch at Chadstone Shopping Centre and Bourke Street Mall as part of the stores’ $15 million beauty hall redevelopment. .
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.
We’ve been studying retailer strategies and sentiment towards pre-Christmas mega sales – Black Friday, Cyber Monday, Singles Day etc. Through interviews with retail leaders, we’ve continually heard that many brands participate in these sales reluctantly, acknowledging they train consumers to shop early and demand big discounts.
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?
Despite the e-commerce boom, there remains a deep nostalgia for in-store shopping which can be seen in the rising popularity of experiential retail. While it is clear that the Australian population is increasingly digital, the attachment to physical stores remains very strong,” ShopFully’s The State of Shopping report stated.
Combining the influence of viral content with the ease of online shopping, the triumphant success of TikTok Shop is no secret. Despite launching in select markets less than a year ago, in September 2023, TikTok Shop aims to grow its US e-commerce sales to US$17.5 But this is yet to be confirmed by TikTok.
7-Eleven Australia has launched a 10-store trial of the next generation Pay & Go technology to test new ways to give customers a faster way to shop. 7-Eleven Pay & Go tech speeds up payment processes Stephen Eyears, 7-Eleven Australia’s general manager-technology and strategy, said speedier shopping is the goal.
This year, shopping online takes no more than a few clicks – but getting those carts to checkout and beyond? Let’s unpack three trends to get a snapshot of the powerful delivery strategies top retailers are using in 2024… Same-day delivery: from ‘nice-to-have’ to necessity This year, speedy delivery has become essential.
These Club Card discounts save me roughly £4-8 per shop. Because of this amazing loyalty pricing strategy, I’m very much devoted to the supermarket chain. With such compelling loyalty offers and such a large store footprint, shoppers have the confidence to know they will always save with Tesco regardless of when they shop.
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.
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.
The reported closure of Microsoft’s brick-and-mortar stores managed by authorised retail partners in China has raised questions about the tech giant’s strategy in the world’s second-largest economy and whether the move is counterintuitive when the market’s consumer electronics sector has seen a sign of recovery.
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?
Discount retailer TK Maxx is set to open its first store in Perth’s Ocean Keys Shopping Centre, Clarkson on October 5. Having doubled its presence across Australia, the company plans to open further stores in Perth in the coming years as part of its continued national growth strategy.
The administrators of Mosaic Group, FTI Consulting, have failed to find a buyer, citing uncertain future strategy of its brands, concerns regarding its historical indebtedness and a lack of committed orders for its future stock. They agreed to be interviewed on the condition of anonymity. They don’t have any differentiation so to speak.
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
Essentials have also been the priority for 74 per cent of American consumers in the last three months, with 31 per cent of Americans reducing non-essential purchases as their number on savings strategy, according to a survey conducted by NIQ.
Located about 9km north of the Sydney CBD, Chatswood Chase is a major regional shopping centre with an average household income 32 per cent above the city average. Peter Huddle, Vicinity’s CEO and MD, described the venue as an “iconic asset with strong growth potential” and a key pillar of the group’s strategy.
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.
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.
Unlike traditional franchising or direct management models, Cotti Coffee has adopted an innovative partnership approach,” Yingbo Li, chief strategy officer at Cotti Coffee, told Inside Retail. Our stores include shop-in-shop, grab-and-go, standard, flagship, and outdoor, among others, with grab-and-go being the primary store type.
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.
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