Inside Retail

SEPTEMBER 26, 2024

Many Australians have lost trust in supermarket pricing, with more consumers now comparing prices between stores before making a purchase. “Many consumers have told us that they are losing trust in the sale price claims by supermarkets,” said Mick Keogh, ACCC deputy chair.

Supermarket 276

Supermarket Bundled Pricing Accounting Consumer 276

Small Biz Trends

JUNE 20, 2022

Mortgage Rates Make Historically Biggest Weekly Jump – Highest Since 2008. Small businesses are often forced to react by taking steps like increasing their prices to accommodate for less consumer spending. A report in Fox News says the rate puts mortgages at their highest level since 2009, 13 years ago. Image: Depositphotos.

Marketing 98

Marketing Consumer ATS 98

Retail TouchPoints

OCTOBER 27, 2024

They’ve been shaped/scarred by not one but two global economic traumas — the Great Recession of 2008-2009 and the COVID pandemic — and they’ve grown up with social media playing an increasingly large (and loud) role in shaping culture, including how these consumers shop, research and purchase products and services.

Payment Services 287

Payment Services Consumer Jewelry Marketing 287

Retail TouchPoints

JULY 21, 2021

Consumer shopping habits have shifted irreversibly towards ecommerce in the past two years. In the face of this product scarcity, the retailers that could fulfill consumer needs quickly were immediately rewarded. For many, every day has become a holiday as new packages arrive from their favorite online retailers.

Apparel 272

Apparel Sporting Goods Consumer Finance 272

Inside Retail

APRIL 2, 2024

Suiting was once reserved for men’s formal attire and workwear but now the fashion industry is following consumer trends and doubling down on business casual. This corporate aesthetic that is bleeding into consumers’ everyday wear signals more than just a style fad.

Fashion 240

Fashion Consumer Accounting Shopping 240

Retail TouchPoints

AUGUST 25, 2021

The term rose to the surface last year as 2020’s unique confluence of events drove consumers toward shopping alternatives that were both environmentally friendly and economically feasible. The consumer is changing, the way that they purchase is going to change,” he said. “We In the retailX keynote session on Wednesday, Aug.

Consumer 300

Consumer Fast Fashion Finance Shopping 300

Retail TouchPoints

AUGUST 3, 2022

Bureau of Labor Statistics Consumer Price Index (CPI), which is the highest rate in nearly 41 years. High inflation is weighing on shoppers’ budgets, with 62% expecting their living costs to increase even further over the next six months, according to data from Ernst & Young’s (EY) Future Consumer Index. Inflation reached 9.1%

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Target Market Marketing Fashion Customer Experience 261

Inside Retail

AUGUST 3, 2023

The last time there were three consecutive quarters of declining retail volume sales was in 2008 – at the time of the Global Financial Crisis. ARA CEO Paul Zahra said the decline demonstrates a continued slowdown in consumer spending – and adds to the pressure retailers are already under as the cost of doing business skyrockets.

Department Stores 246

Department Stores Apparel Promotions Consumer 246

Retail TouchPoints

SEPTEMBER 30, 2024

From preventing foodborne illness outbreaks to revealing specific calorie counts, labels have evolved to meet the needs of consumers, providing the context and critical information to impact daily decision-making. It also shows up in a business’ bottom line, given that eco-conscious consumers are willing to pay 9.7%

Consumer 224

Consumer Accounting Marketing Customer Experience 224

Retail TouchPoints

MARCH 15, 2022

for 2021 — the highest annual rate since 2008’s 3.8%. A retailer may have loyal customers who love what you’re selling, and if you indicate to them what your cost structure is and how it’s gone up, it may help consumers understand that they’re not being taken advantage of,” said Kannan. “A

Consumer 223

Consumer Promotions Marketing Customer Experience 223

Retail TouchPoints

JULY 12, 2022

Vasos joined Dollar General in 2008 as the company’s EVP, Division President and CMO. Other major strategic developments during Vasos’ tenure included a launch into the self-distribution of frozen and refrigerated goods with DG Fresh and the of the pOpshelf retail concept targeted to a more upscale consumer.

Promotions 240

Promotions Store Operations Planning Management 240

Inside Retail

APRIL 16, 2024

Culture Kings is an Australian retail phenomenon, what started as a Carrara market stall in 2008 evolved into an international retailer being listed on the stock exchange with a $600 million valuation. Create the brand, the emotion, the resonance, break [consumers] patterns so they remember you,” concluded Beard.

Advertising 243

Advertising Consumer Marketing Fashion 243

Retail TouchPoints

DECEMBER 8, 2020

As consumers around the world have minimized the amount of time they spend outside their homes, many created digital accounts to conveniently shop online. This data can now be used to help retailers better understand consumer needs, capitalize on digital commerce and track customer shopping patterns over time.

Outdoor 284

Outdoor Consumer Shopping Accounting 284

Retail TouchPoints

SEPTEMBER 5, 2023

Established in Nanjing, China in 2008, and now headquartered in Singapore, Shein has grown rapidly to become the world’s largest fashion retailer with an estimated value of $64 billion ,” reads the letter. Goods manufactured in that area of China are not entitled to entry into the U.S. under the 2021 Uyghur Forced Labor Prevention Act.

Fashion 231

Fashion Marketing Consumer Planning 231

Inside Retail

DECEMBER 11, 2023

After initially launching here in 2000, it withdrew from the market in 2008, before relaunching that same year under the ownership of the Withers Group. Starbucks Australia confirmed a new way to consume take-away coffee will be created and introduced for Australians in 2024.

Consumer 260

Consumer Marketing Accounting Social Commerce 260

Inside Retail

OCTOBER 24, 2023

However, beauty brands and other companies in various retail sectors have been integrating AR technology into the consumer shopping experience since well before 2020. The first commercial use of AR is believed to have occurred in 2008. Developed by German agencies in Munich, it involved a print ad featuring an AR model of a BMW Mini.

Shopping 245

Shopping Home Furnishings Consumer Returns 245

Inside Retail

AUGUST 6, 2023

This collapse follows the demise of Australian furniture brand Brosa late last year – which cited declining sales and cash flow pressures – as well as heightened challenges faced by small-to-medium sized retailers that are struggling to cope with rising costs, and a slowdown in foot traffic and consumer activity. The jury is out.”

Boutique 243

Boutique Department Stores Consumer Fulfillment 243

Retail TouchPoints

SEPTEMBER 25, 2020

We don’t have a COVID-19 crystal ball to see how this uncertainty will pan out, but we can see that consumer spending is shifting amid the pandemic. Disposable income and the savings rates for consumers — despite the nearly Great-Depression-level unemployment numbers — are at multi-year highs. Consumers may do one of three things: 1.

Consumer 112

Consumer Payment Services Promotions Management 112

Retail TouchPoints

AUGUST 11, 2023

He joined the company in 2008 and has held leadership positions across different divisions. Hufnagel has an established career in retail, holding roles at brands like Under Armour , Gap and Abercombie & Fitch as well as deep roots within the Wolverine Worldwide business specifically.

Wholesale 219

Wholesale ATS Consumer 219

Inside Retail

MARCH 19, 2024

The amount of natural resources consumed and waste produced is snowballing. And let’s not forget the power of consumers. Most ultra-fast fashion brands emerged in the late 2010s following the most well known, Shein, founded in 2008. We’re on a downward spiral, from fast fashion to ultra-fast fashion. Cheap clothing at what cost?

Fast Fashion 246

Fast Fashion Fashion Accounting Consumer 246

Retail TouchPoints

JANUARY 23, 2024

In fact, Stephen Sadove, former CEO and Chairman of Saks Fifth Avenue , indicated that “this is one of the most interesting times [for the industry] since the [2008] recession,” where “we came out and saw this massive disruption in the environment,” he said in a press briefing during the Big Show. “It The top five themes include: 1.

ATS 224

ATS Customer Retention Consumer Finance 224

Inside Retail

JANUARY 4, 2023

The brand’s fifth store in Singapore, which is located in Ion Orchard, features an “enhanced shopping experience” that aims to introduce more consumers to Desigual through a new perspective on the brand. When it comes to Singapore, the brand landed in the island republic back in 2008, and later expanded to different markets.

Fashion 246

Fashion Social Commerce Marketing Point of Sale 246

Retail TouchPoints

OCTOBER 31, 2023

While the NRF has yet to release its total sales projections for the season, its early consumer research reveals that consumers plan to spend an average of $875 this holiday season, in line with the five-year average — and most of that money will be spent online. Provide flexible scheduling.

Employee Engagement 254

Employee Engagement Store Operations Consumer Management 254

Inside Retail

AUGUST 16, 2021

As the quality of living and workers’ wages reached new heights, Western brands spotted a golden opportunity and raced to set up shop in the East to reach China’s 1 billion consumers (and counting). Founded in 2012, lingerie label Neiwai (meaning ‘inside and outside’) is another direct-to-consumer label that began online.

Consumer 130

Consumer Beauty and Health Fashion Accounting 130

Inside Retail

MAY 5, 2021

When the first-generation iPhone came out in 2008 for about $700, people thought it was expensive… That’s a far cry from the price of a new iPhone these days where an iPhone 12 Pro Max 512GB will cost an eye-watering $2369 – more expensive than an entry-level MacBook.

Planning 246

Planning Consumer ATS 246

Inside Retail

JULY 9, 2024

The raid in the world’s fashion capital bears some similarity to clean-ups carried out by previous Olympic hosts like Beijing in 2008, which had mixed results, as well as London in 2012 and Rio in 2016. LVMH did not respond to a request for comment on the recent anti-counterfeit measures. Last year, customs seized 20.5

Fashion 273

Fashion Marketing ATS Consumer 273

Inside Retail

APRIL 30, 2023

It’s been in the market since 2008, and is well established. Superdry is known for its outerwear and winter jackets in particular, and it continues to resonate with the Australian and New Zealand consumer from a wholesale and retail point of view. I’ll start with Superdry. The brand is going from strength to strength. AD: Absolutely.

ATS 246

ATS Wholesale Apparel Marketing 246

Retail TouchPoints

NOVEMBER 23, 2020

of its sales through the direct-to-consumer channel during the latest quarter. Like the rest of the industry we have seen a structural shift in the shopping behavior of the consumer — a change that has been further accelerated by the global health crisis,” said Diane Sullivan, CEO, President and Chairman of Caleres in a statement.

Apparel 159

Apparel Planning Consumer Shopping 159

Retail TouchPoints

FEBRUARY 9, 2021

Buy now, pay later options are becoming increasingly popular as consumers demand more flexible payment options. After the 2008 financial crisis, we observed a generational shift away from credit and toward debit,” said Alex Fisher, VP of Retail at Afterpay in the latest Retail Touchpoints Retail Remix podcast.

Merchant Services 144

Merchant Services Checkout Finance Consumer 144

Inside Retail

JUNE 22, 2023

With high inflation and climbing interest rates, consumer sentiment is set to plunge further, with retail spending set to decline in the June quarter. But what are the implications of a retail recession, and just how damaging will it be for retailers and consumers? The consumer is certainly hurting,” he said.

Consumer 246

Consumer Customer Retention Accessories Marketing 246

Retail TouchPoints

APRIL 16, 2021

Amidst ongoing industry disruption and evolving consumer trends, we are uniquely positioned to build on our momentum and accelerate growth and profitability.”. From 2008 to 2013, Day served as the CEO of lululemon, and prior to that she spent more than 20 years at Starbucks in a variety of leadership positions.

Finance 158

Finance Wholesale Apparel Fashion 158

Inside Retail

OCTOBER 2, 2024

“The economic reasons behind the losses are elevated interest rates and weak consumer and business confidence in Hong Kong, which has affected rental income and property valuation,” Gary Ng, senior economist at Natixis, told Inside Retail. “It The youngest son, Christopher Cheng, was appointed as co-CEO of Chow Tai Fook Enterprises.

Shopping 244

Shopping Brand Management Promotions Returns 244

Inside Retail

JANUARY 16, 2025

Until recently, there didnt seem to be a limit to the price that consumers would pay for a luxury status symbol, such as a leather handbag. per cent), the US will remain a key market for luxury brands, attracting affluent consumers and driving sales across various product categories, Zheng said.

Merchant Services 130

Merchant Services Fashion Jewelry Social Commerce 130

Inside Retail

AUGUST 2, 2023

Established in 2008 by Lucy Fenton, the brand sold homewares, furniture and artwork through its physical store in Prahran, Melbourne and online. According to 7News , several consumers have expressed concern regarding their orders since the company entered liquidation. It ships across both Australia and New Zealand.

Shipping 130

Shipping Consumer 130

Retail TouchPoints

AUGUST 21, 2023

As high inflation continues to pose a challenge for the American consumer, research shows that two-thirds of Americans plan to still spend the same or more on retail purchases in 2023. However, it’s no surprise that many of those consumers plan to prioritize shopping for bargains in-store.

Payment Services 186

Payment Services Consumer Promotions Planning 186

Inside Retail

AUGUST 22, 2024

This article delves into the psychological effects of the Olympics, explores how they influence consumer behaviour and provides insights into what retailers can do to capture and extend the positive sentiments the 2024 Olympic Games in Paris will generate. Let’s break some of them down and look at a few examples more closely.

Apparel 260

Apparel Consumer Promotions Marketing 260

Retail TouchPoints

MAY 8, 2023

According to research from Analytic Partners, 63% of marketers that increased their marketing investment during the financial crisis of 2008 generated a positive ROI. And this recommendation makes sense, as research from video creator Wyzowl found that 73% of consumers prefer to watch a video to learn about a product or a service.

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Marketing Returns Advertising Marketing Spend 300