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Summer’s slow start slows Best & Less’ sales

Inside Retail

“Looking ahead, we expect value-conscious shoppers to continue to be attracted to our differentiated specialty value offer. The company expects nearly 60 per cent of its first-half profits to typically occur in the final six weeks of the half given the major shopping season lies ahead for the business. per cent to $622.2

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What’s in Store for Grocery in 2022?

Retail TouchPoints

Grocery shopping experiences will become more specialized. To retain their customers, grocers will provide unique and personalized online shopping experiences that foster customer loyalty — or else go out of business. Mobile commerce will define the next evolution of grocery shopping.

Grocer 302
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Exclusive: The thinking behind Coles’ revamped Chadstone flagship store

Inside Retail

Located within Chadstone shopping centre, the largest shopping centre in Australia, the tweaked design comes as Vicinity Group invests in making Chadstone a renowned food destination in addition to being known as the nation’s “fashion capital.”

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First Look: New Research Unpacks the Differences Between Subscriptions and Memberships

Retail TouchPoints

“Unsurprisingly, 74% of consumers agreed that the economy impacts how interested they are in memberships, so brands and retailers offering these programs need to be mindful of how they balance the financial benefits with more high-value offerings.” Influencing the Membership Journey Because memberships are more closely tied to long-term relationship (..)

Consumer 251
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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

However, in this macroeconomic environment, customers are particularly responsive to a high-value offering. “We Customers start caring about every dollar they spend, do more research and are looking for value. Rather, it’s a relatively non-discretionary product that’s typically bought on a need, rather than want, basis.

Planning 246
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B&M beats lockdown peak as profits boosted by new store openings

Retail Gazette

B&M has beaten its lockdown peak, thanks to new store openings and continued demand for its value offer from cash-strapped shoppers. The value retailer’s statutory pre-tax profits jumped 14% to £498m in the 53 weeks to 25 March, up from £436m. It currently has 741 shops.

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Asda to open over 80 Express stores in December

Retail Gazette

Asda has opened a record number of its Express stores this month, with 81 new shops launching in December. The bulk of the stores are conversions of some recently bought Co-op and EG UK sites, but eight standalone Asda Express shops have also made their debut. Click here to sign up to Retail Gazette‘s free daily email newsletter