Inside Retail

JUNE 1, 2021

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We

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Retail TouchPoints

JULY 20, 2022

Ross Stores is opening 29 new locations in 12 states over June and July as it continues to move toward its goal of opening approximately 100 new brick-and-mortar stores in FY 2022, which ends Jan. off-price apparel retailer plans to open 75 Ross Dress for Less and 25 dd’s DISCOUNTS stores. The Dublin, Calif.

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Retail TouchPoints

MARCH 8, 2021

Ross Stores recently opened four Ross Dress for Less and three dd’s DISCOUNTS stores across five different states in February and March. The off-price apparel and home fashion retailer reported $12.5 billion in revenue for fiscal 2020. .

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Retail TouchPoints

SEPTEMBER 21, 2023

In a return to pre-pandemic behaviors, more consumers plan to throw or attend a party ( 32% ) or to take their children trick-or-treating ( 28% ) this year, although the top celebratory activities for consumers will be handing out candy ( 68% ), decorating their home or yard ( 53% ) and dressing in costume ( 50% ). set in 2021.

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Retail TouchPoints

JANUARY 29, 2021

The holiday may be serving as a form of release for pent-up consumers: nearly three-quarters ( 73% ) of shoppers celebrating Valentine’s Day this year feel it is important to do so given the current state of the pandemic. Just over half ( 52% ) of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8

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Retail TouchPoints

AUGUST 27, 2024

BTS purchases certainly are starting earlier: according to the National Retail Federation (NRF) survey conducted by Prosper Insights & Analytics, more than half ( 55% ) of consumers already had started buying school items in July. If [consumers] see [a BTS item] as more of a ‘want’ than a ‘need,’ that would put more pressure on retailers.”

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Retail TouchPoints

DECEMBER 4, 2023

Following a spending surge during the pandemic, consumers are now cutting back on luxury purchases, putting both brands under pressure. Saks currently operates 39 stores, while Neiman has 36 department stores, two Bergdorf Goodman stores and five Last Call discount stores.

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Inside Retail

SEPTEMBER 13, 2023

“It was a massive challenge, but Silly Solly’s responded to consumer demand for new ranges of products to help ease cost of living pressure with a huge everyday focus on essentials items, at affordable prices.” The chain boasts ‘Nothing over $5’ in its advertising.

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Retail TouchPoints

JULY 14, 2023

Consumers are expected to spend a record $41.5 For all back-to-class shoppers, the top retail destinations are ecommerce, department stores and discount stores. billion on back-to-school (BTS) shopping this year, up from $36.9 billion in 2022 as well as the previous high of $37.1 The firm recorded a 23.7%

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Wiser

JULY 18, 2023

Factors That Could Influence Consumer Spending Part of developing a successful holiday sales strategy includes forecasting the upcoming season. However, a fifth of respondents indicated a reduced budget for the holiday celebration this year, suggesting a potential shift in priorities or economic factors influencing consumer choices.

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Retail TouchPoints

FEBRUARY 8, 2024

Once largely associated with lower-income households, dollar stores are now becoming retail staples even for more affluent households, inspiring retailers in these categories to invest more heavily in marketing, merchandising and technology innovation that will help them differentiate. That all creates positive momentum for these retailers.”

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Retail TouchPoints

FEBRUARY 11, 2022

consumers tune in to the big game. consumers plan to celebrate Valentine’s Day in 2022, up from 52% in 2021. Ecommerce shops will be the most popular destination, visited by 41% of shoppers, followed by department stores ( 32% ), discount stores ( 28% ), small businesses ( 18% ) and florists ( 17% ).

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Retail TouchPoints

JANUARY 5, 2023

Although there are signs that inflation is easing, higher prices and an uncertain economy continue to impact consumer behavior. Although many customers are “brand loyal,” given the economic environment, stressed consumers nowadays will most often make retailer and product choices with price as the main factor. Today’s Consumer Mindset.

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Retail TouchPoints

MARCH 7, 2023

As part of the retailer’s plans to open 100 locations in 2023, Ross Stores opened 11 Ross Dress for Less and eight dd’s Discounts stores in 13 states during February and March. The 2023 additions will include 75 Ross and 25 dd’s Discounts locations.

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Inside Retail

DECEMBER 19, 2023

A shift in Chinese retailers’ strategy toward lower-priced goods and services to win cost-conscious consumers risks embedding the country’s recent deflationary trends more permanently into the world’s second-largest economy. This stands to create more headwinds for China’s stuttering post-Covid recovery.

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Retail TouchPoints

JULY 8, 2021

consumers to return to some version of normalcy, global sentiment is still mixed, according to Kantar’s Wave 9 survey of more than 10,000 people across 20 countries. Anxiety rates undoubtedly influence consumer behaviors, especially shoppers’ willingness to return to large physical spaces such as malls. Do you agree?

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Inside Retail

JULY 12, 2021

Discount supermarket Aldi is making a push into convenience with the opening this week of a Corner Store concept in North Sydney. The new store layout is designed to support smaller-basket, convenience-driven purchases, in contrast to the traditional big-box Aldi supermarket typically frequented by consumers for larger shopping trips.

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Inside Retail

FEBRUARY 20, 2023

Specialty value retailer Best & Less Group has reported a slump in profits as consumer demand softened during the first half. The company plans to open six new stores in this half. The post Weak consumer demand dents Best & Less Group profits appeared first on Inside Retail. million while tax-paid profit fell 31.8

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Inside Retail

DECEMBER 13, 2023

Shein’s low prices — US$5 t-shirts and US$10 sweaters — also draw shoppers who might have otherwise shopped at clothing discount stores. One 2022 study found Shein typically receives orders within five to seven days and can then send the products directly to consumers via air freight.

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Inside Retail

APRIL 6, 2021

Consumers worldwide spent an additional US$900 billion online last year as the Covid-19 crisis forced people to stay home and observe social distancing through much of the year. With more choices at their fingertips, consumer spending on international e-commerce grew around 25 to 30 per cent year on year from March 2020 through February 2021.

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Rangeme

APRIL 17, 2023

Consumers have struggled with rising inflation concerns for well over a year, and the uncertainty has profoundly impacted family spending decisions. As the economic downturn stretches into the second quarter of 2023, consumer confidence is still on shaky ground, even as inflation shows signs of slowing down. In July 2022, only 29.5%

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Inside Retail

JUNE 3, 2021

Aldi also said that staff will have more time to focus on “creating a quality experience” by maintaining stock levels and keeping the store clean. Australian retail expert and QUT professor of marketing Gary Mortimer expects the move will receive a positive response from consumers. The post Good.

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Retail TouchPoints

SEPTEMBER 1, 2023

billion, largely driven by positive sales contributions from new stores. decrease in same-store sales, which was largely due to a decline in store traffic. Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. These sales helped offset a 0.1% in Q2 2022.

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Inside Retail

AUGUST 24, 2023

billion in FY23 as operating conditions and consumer behaviours continued to normalise. billion with sales growth recorded in both consumer and commercial customer segments and across all trading regions despite prolonged wet weather on spring trading on the East Coast. For the year to June 30, group sales rose 18.2 per cent to $43.5

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Retail TouchPoints

MAY 28, 2020

billion in Q1 2020, while same-store sales jumped 21.7% The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. Closed Stores Lead To Losses, But Recovery May Be Right Ahead. during the same period. in Q1 2019.

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Mass Relators

MARCH 28, 2022

Consumers are eager to return to their pre-pandemic holiday traditions, particularly as it relates to purchasing food and gifts for in-person celebrations this Easter,” NRF President and CEO Matthew Shay said. Friends and family want to be together, and consumers are willing to spend money to make these events memorable.”. on clothing.

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Mass Relators

OCTOBER 19, 2023

WASHINGTON – Consumers celebrating the winter holidays expect to spend an average of $875 on gifts, food and seasonal items, according to a survey conducted by Prosper Insights & Analytics for the National Retail Federation. Regardless of how early consumers start, the majority (62%) expect they won’t finish until December.

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Inside Retail

FEBRUARY 14, 2023

Despite prolonged wet weather conditions on Australia’s east coast, resilient consumer demand drove Bunnings’ revenue up 1.5 Online marketplace Catch reported a loss of $108 million as its gross transaction value (GTV) plunged 26.8 per cent to $1.28

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Inside Retail

JULY 25, 2023

For now, the businesses will remain separate in the eyes of the consumer, though they will share systems in the back end, such as having a single tech-stack. Unfortunately, the designs didn’t resonate with Australian consumers and were often out of season, according to industry insiders, leaving the retailer overstocked.

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Retail Wire

JULY 23, 2024

Big Lots has announced plans to close additional stores due to financial challenges exacerbated by a tough economic environment, including high inflation impacting consumer spending.

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Inside Retail

OCTOBER 26, 2022

Salakas attributes this growth to a desire by consumers to go out, socialise and celebrate the festivities. While cost of living pressures are expected to hit retailers and consumers in the coming months, it doesn’t seem to be impacting the buzz around Halloween. Anything related to events is booming at the moment,” he said.

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Mass Relators

JANUARY 25, 2023

WASHINGTON – Consumers are expected to spend $25.9 This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices.” More than half (52%) of consumers plan to celebrate and will spend an average of $192.80.

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Inside Retail

FEBRUARY 13, 2025

Australias department stores are at a crossroads. Once the go-to for everything from fashion to homewares, theyre now struggling to stay relevant in a world of online shopping, specialty retailers, and shifting consumer habits. Initially led by eBay, Australian consumers were suddenly empowered to shop beyond their local retail stores.

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365 Retail

JUNE 6, 2023

Consumer card spending in the UK grew by only 3.6 In response, one-fifth of consumers (20 percent) are opting to purchase products in bulk that offer better value for money, moving away from downsized products by manufacturers. In contrast, discount stores enjoyed a growth of 5.0 percent). . percent and 13.1

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Inside Retail

FEBRUARY 27, 2023

For retailers closely watching consumer confidence levels and spending trends, getting an accurate reading about what lies ahead can be challenging. Still, many consumers are undoubtedly feeling the impact of interest rates and the rising cost of living. This has become more crucial as the economic cycle continues to shift.

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Inside Retail

FEBRUARY 2, 2023

Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? I think consumer spending, certainly in discretionary spending categories, will normalise and soften. I think we’ll start to see a return to normality,” Mortimer told Inside Retail. “I

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Inside Retail

AUGUST 26, 2021

billion, with Scott noting the business’ success was due to its resilient operating model and the ability to adapt to changing consumer needs. Revenue at Bunnings increased 12.5 per cent over the course of FY21, reaching $16.8 Kmart Group, which operates Kmart, Target and Catch, saw revenue grow to $9.9 billion for the year.

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