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Chinese discount store Miniso is growing by one new store a day

Inside Retail

The expansion has increased Miniso’s store number to 4587 in China and 94 in overseas markets. The brand recorded the strongest performance in its home market, with physical store and online e-commerce revenue surging 69 per cent and 86 per cent respectively during the third quarter of fiscal year 2021, which ended on March 31.

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How Rising Prices Shape Consumer Behavior

Retail Focus

Customers lose brand loyalty as they choose retail brands or discount options. Retail data proves coupon use spikes during high inflation, and discount stores see more traffic. The Role of E-Commerce in Inflationary Periods During times of inflation, online retailers have an advantage over physical stores.

Consumer 130
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How retailers can capture the Millennial market in a cost-of-living crisis

Inside Retail

Afterpay research shows that Millennial spending accounts for 35 per cent of all retail spend in Australia. So how can retailers capitalise on the Millennial market and what drives this generation’s interests? Instead, savvy brands attempting to target the equally savvy Millennial market might need to head for ‘green but lean’.

Marketing 130
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Ethical Commerce: How to Overcome 3 Top CSR Hurdles (With Examples)

Retail TouchPoints

Across all organization sizes and market locations in our survey, cost placed highest ( 53% ) on the list of challenges. This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines. General merchandise.

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Retail spending strong in late 2022, but signs of slowing emerge

Inside Retail

The most significant annual increases in retail were seen in specialty retail stores, alcohol goods, family clothing stores and discount stores. Meanwhile, spending declined in department stores, home supply warehouses, household appliances and furniture categories.

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How Shein is winning the fast-fashion war by putting consumers in charge

Inside Retail

With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M.

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How to Prepare for a Recession

Small Biz Trends

An emergency fund is money you set apart from other savings preferably in a high-yield savings account. A high-yield savings account allows you to receive a higher interest rate than a traditional savings account and because you only use the funds in case of emergencies the interest can accumulate. Is a Recession Coming in 2022?