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Unpacking the “murky” data behind the luxury spending boom

Inside Retail

The fact that some people are splashing out on $3000 handbags in the face of a recession doesn’t surprise Philip Corne, a board member for Camilla and Solbari, who was CEO of Louis Vuitton Australia from 2003-2016. “I The story around ongoing consumer spend in the face of an ongoing cost-of-living crisis isn’t cut and dry.

Consumer 246
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What the bankruptcy of biotech darling Amyris means for the beauty industry

Inside Retail

However, beauty manufacturer New Laboratories CEO Rohan Widdison told Inside Retail , “A founder’s excitement doesn’t always lead to consumer engagement – all the money in the world won’t address the conceptual faults.” But buyer interest was minimal,” he added.

Consumer 130
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SMS campaigns yield highest customer response rates with maximum ROI

Inside Retail

Australian e-commerce is booming in the wake of the pandemic, with vast new groups of consumers coming into the market who have only recently latched onto the benefits of digital shopping, and businesses that have adopted strong customer service strategies delivered via mobile channels are being rewarded.

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Best of 2023: Is private equity ownership slowly killing retail?

Retail Gazette

Similarly, retail analyst Nick Hood of Opus Business Advisory says it’s “too much debt” for “low margin businesses in highly competitive markets” to take on. One of their biggest challenges is the eye-watering debt bills hindering their ability to compete in the grocery market, especially with the rocketing success of the discounters.

Grocer 124
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eCommerce Expo 2023 Preview

365 Retail

Find out more about Scurri Track Plus Visit Website Siteimprove Stand: B51 As the competition for human attention intensifies, Siteimprove empowers brands to stand out with engaging, accessible, and high-performing digital experiences for every visitor—driving marketing success and revenue growth in the process.

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How to Win in Retail: Less Science, More Art

Retail Prophet

E-commerce, which in 2003 amounted to a rounding error on most retailers’ profit and loss statements, has become table stakes for any business wishing to survive. But the shift is bigger than consumer-facing innovations. Most importantly, consumers are looking to retail to play a more artistic role in their lives.

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3 Different Paths to Resale Profitability

Retail TouchPoints

Resale is one of the hottest sectors of retail right now, but despite rampant consumer demand and brand uptake, resale platform operators are struggling to make ends meet. These include new fees for ThredUp’s cleanout service , which was previously free, and an increase in the “restocking fee” for returnable items from $1.99 to $3.99.