Retail TouchPoints

APRIL 20, 2023

is one of our most important markets, and we see endless opportunities to grow there and get closer to the many Americans with affordable products and services,” said Tolga Öncü, Head of Ikea Retail, Ingka Group in a statement. The new facilities and services are expected to create more than 2,000 jobs. We know U.S. in a statement. “We

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Retail Gazette

JANUARY 2, 2024

The Cotswold Company’s sales jumped over the golden quarter as consumers refreshed their homes ahead of Christmas. The home furnishings retailer saw orders surge 13% to £16.4m in the nine weeks to December 31, up £1.8m on the same period last year and 64% on pre-Covid results.

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Mass Relators

FEBRUARY 23, 2024

NEW YORK — Consumers are still worried about rising prices, according to the latest data from Deloitte’s ongoing ConsumerSignals study. That’s important because a sense of personal financial well-being can impact how consumers approach everything from budgeting for big purchases to their grocery lists. a year ago. a year ago.

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Inside Retail

OCTOBER 24, 2023

” There are real benefits to being able to virtually try on products online, as Stephanie Horton, senior director of commerce marketing at Google, pointed out in an official statement about the launch. This allowed consumers to “try out” a piece of furniture and get a feel for whether or not it would work. In 2020, 83.1

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Retail Gazette

FEBRUARY 14, 2024

Dunelm saw an uplift in profit and sales during its first half, as it continued to grow its market share. for the half to 30 December to reach £123m for the home furnishings retailer as sales advanced 4.5% Profit rose 4.8% The business saw a 4.2% ” Click here to sign up to Retail Gazette‘s free daily email newsletter

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Inside Retail

MARCH 5, 2024

Ikea have established themselves as an affordable and accessible homewares brand for Australian consumers but they are showing no signs of slowing down. IR : What are your expectations for consumer sentiment and spending in the year ahead?

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Retail Times

DECEMBER 3, 2021

The West Sussex-based home furnishing retailer Swyft Home, known as a disruptor in its market, has secured a £1m invoice discounting facility from the alternative funder Growth Lending to support the company’s strong direct-to-consumer sales strategy and drive its business-to-business sales.

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Retail TouchPoints

APRIL 15, 2021

YoY; Furniture and home furnishings stores: Up 5.9% American households are clearly feeling the full effect of additional fiscal stimulus, gains in the job market and the reopening of the economy,” said Matthew Shay, President and CEO of the NRF in a statement. For instance, clothing and accessory store sales were up 18.3%

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Mass Relators

APRIL 13, 2021

WASHINGTON – Former Macy’s executive Martine Reardon is joining the National Retail Federation as chief marketing officer and executive vice president of content and membership. She served as Macy’s chief marketing officer from 2012 through 2016. She served as Macy’s chief marketing officer from 2012 through 2016.

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Inside Retail

MARCH 10, 2022

Uniqlo owner Fast Retailing Co on Thursday said it would suspend operations in Russia, in a U-turn by the Japanese fast-fashion giant which had indicated it would stay in the market after Moscow’s invasion of Ukraine. The company has more than 800 stores in China, about the same as in its home market of Japan.

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Storis

JANUARY 22, 2024

So, buckle up, home furnishings retailers; we’re ready to accelerate. Our survey found that furniture retailers are enthusiastic about many applications of AI led by those that will increase marketing efficiency and reduce bottom-line costs. economy is driven by consumer spending and a thriving job market.

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Inside Retail

NOVEMBER 16, 2023

Through this rebranding, we’re breathing new life into Bed Bath & Beyond, positioning it as an asset-light, e-commerce retailer with an expanded home furnishings and furniture assortment. The second, is that Overstock continues to fall off the consumer radar and is not drawing in customers, even to browse, like it used to.

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Retail TouchPoints

FEBRUARY 17, 2021

The jump in consumer spending after three consecutive months of declines is largely attributed to the $600 stimulus payments shoppers received as part of the $900 billion package passed by Congress in December 2020 to counteract the economic impact of the ongoing pandemic. increase from December 2020, according to the U.S. Census Bureau.

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Home Furnishings Returns Customer Experience Consumer 147

Mass Relators

AUGUST 17, 2022

WASHINGTON – Core retail sales as calculated by the National Retail Federation rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation, NRF said Wednesday. percent unadjusted year over year.

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Retail TouchPoints

OCTOBER 27, 2022

With their in-experience earnings, residents can invest in accessories for their avatars and pets; build, decorate and personalize their homes; purchase vehicles to cruise the town in; and gain access to special events and partner experiences.

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Retail TouchPoints

DECEMBER 31, 2021

In combination with changes in worker attitudes and consumer behavior, these shifts have weakened the industry’s long-standing low-wage model. Tech training can create a more attractive job for some employees, because it’s a marketable skill,” said Kotlyar.

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Retail Gazette

JANUARY 15, 2024

However, there will be winners and losers across the sector with market conditions favourins some businesses and smart strategic moves setting others apart. Susannah Streeter Head of money and markets Hargreaves Lansdown Winner: Marks & Spencer “Marks and Spencer is on a roll and looks set to continue to be a winner in 2024.

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Home Furnishings Beauty and Health Finance Returns 114

Mass Relators

MAY 9, 2024

Consumer spending continues to drive economic growth and retail sales increases, though we see some moderation in spending as consumers continually search for value,” National Retail Federation president and CEO Matthew Shay said. The ability to spend is supported by a growing job market and real gains in wages.

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Home Furnishings Sporting Goods Merchandise Store Accessories 52

Retail TouchPoints

JANUARY 24, 2023

Economic headwinds are likely to blow harder when consumers’ savings from the pandemic dwindle, which a Charles Schwab analyst believes could happen by Q3. There is built-up excess savings — estimates vary in the $1.5 to $2 trillion range — and that has been fueling consumption.

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Retail TouchPoints

MARCH 28, 2023

Under lenient returns policies, retailers tend to be too quick to blame high returns on so-called “opportunistic renters” — consumers who buy with the intention of returning the item rather than keeping it. Setting the ideal returns policy for your business, therefore, will require working across marketing and operations silos.

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Inside Retail

MARCH 20, 2023

Earlier this year, Shopee released its annual consumer trends report with insights about the way online shopping behaviour has changed across its five key markets in Southeast Asia, namely Singapore, Malaysia, Indonesia, Vietnam and the Philippines. We have also noticed an increase in younger shoppers on our platform.

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Home Furnishings Payment Services Consumer Shopping 130

Inside Retail

JUNE 14, 2023

He said that New Zealand is a smaller market compared to other countries, including Australia, where Ikea has had a presence for 50 years. In terms of online shopping, New Zealand rates highly compared to many markets. But the development and popularisation of online shopping has enabled the company to reach more people.

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Mass Relators

APRIL 12, 2024

“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said. “In The post CNBC/NRF: Retail sales grew at a steady pace in March appeared first on MMR: Mass Market Retailers.

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Sporting Goods Home Furnishings ATS Merchandise Store 52

Inside Retail

OCTOBER 5, 2023

Corr is the founder and principal of Retail Network Strategies which is redefining the approach to developing retail store networks, by working with landlords and store owners to develop a collaborative approach to lease negotiations aiming to put the consumer first, to the benefit of all parties.

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Home Furnishings Fulfillment Consumer Shopping 130

365 Retail

JANUARY 15, 2024

Consumer spending dynamics Consumer spending undergoes substantial shifts in response to interest rate fluctuations. Lower interest rates translate to cheaper borrowing, prompting consumers to take loans for significant purchases such as homes and cars.

Home Furnishings 52

Home Furnishings Consumer Marketing Returns 52

Mass Relators

JANUARY 17, 2024

Consumer spending was remarkably resilient throughout 2023 and finished the year with a solid pace for the holiday season,” said NRF chief economist Jack Kleinhenz. from 2010 to 2019, despite 2023’s slower growth rate compared with the past three years, when trillions of dollars of stimulus propped up consumer spending.

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A1 Retail

SEPTEMBER 14, 2023

billion) for the financial year 2022/23, setting a new record for the global home furnishing company. The global retail market is still under pressure and consumer trust and buying power is low. The turnover for JYSK increased by 6.3 percent reaching DKK 38.5 billion (EUR 5.2 billion (EUR 5.2

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Home Furnishings Retail Marketing Planning Shopping 69

Retail TouchPoints

MAY 13, 2021

Overall, online physical goods GMV grew 21% YoY in fiscal year 2021, driven primarily by the FMCG [ fast moving consumer goods ] and home furnishings categories. The company also pointed to increasing engagement among existing consumers as a growth driver. billion ) in fiscal year 2021. Cloud Computing — As with its U.S.

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Home Furnishings Merchant Services Supermarket Social Commerce 169

Storis

DECEMBER 5, 2022

One of the challenges home furnishings retailers are facing today is having excess inventory due to prolonged supply chain delays. Speak to a Home Furnishings Retail Expert. Having a home furnishings eCommerce website enables you to reach a broader audience, increasing the market for your excess inventory.

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Home Furnishings Inventory Management Fulfillment Shipping 52

Retail TouchPoints

JULY 27, 2021

That means more consumers are venturing out into the world — and going back into stores. Research from Springboard points to similar results: the company’s latest Retail Consumer Survey indicated that 56% of consumers were “very” or “completely comfortable” visiting brick-and-mortar destinations, a steady increase from the 50% figure in May.

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Mass Relators

MARCH 12, 2024

February retail sales indicate continued momentum from consumers.” While the future direction of interest rates and inflation remains uncertain, it’s clear that a strong job market and increases in real wages are continuing to support spending.” NRF president and CEO Matthew Shay said. To learn more, visit nrf.com/crci.

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A1 Retail

MARCH 17, 2023

YouGov study commissioned by Gekko finds millions planning shopping spree ‘Retail as leisure’ as consumers combine shopping with eating out and socialising As the UK heads towards the spring and an enhanced bank holiday season, millions of consumers have revealed they are planning to go shopping on the forthcoming Bank Holiday weekends.

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Retail Focus

AUGUST 18, 2021

“People have higher expectations for home, and a greater desire to belong in the community and social life,” says Anna Pawlak-Kuliga, Country Retail Manager and Chief Sustainability Officer for China. It was created by internal and external specialists, experts in consumer behaviour, food, expansion, mega trends, and futurology.

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Home Furnishings Fulfillment Customer Experience Shopping 64

Mass Relators

OCTOBER 17, 2023

WASHINGTON – Reports out today on retail sales in September show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth, according to the National Retail Federation. seasonally adjusted from August and up 2.2% unadjusted year over year.

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Home Furnishings Merchandise Store Sporting Goods Accessories 52

Mass Relators

JULY 18, 2023

“June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF president and CEO Matthew Shay said. Jobs aren’t growing as fast as they were, but employment is by no means in a slump, and if consumers have jobs, they have the willingness to spend.

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Retail TouchPoints

OCTOBER 5, 2022

Despite their temporary nature, pop-up shops are intended to make a lasting impression on visitors through offering extraordinary consumer journeys. One thing that is consistent through all of our pop-ups is the consumer journey,” said Giovanni Zaccariello, SVP of Global Visual Experience at Coach in an interview with Retail TouchPoints. “My

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Home Furnishings Consumer Planning Shopping 189

Mass Relators

JUNE 15, 2022

WASHINGTON – Retail sales slowed in May as consumers faced continuing inflation and higher prices for essentials like food and gasoline, the National Retail Federation said Wednesday. Furniture and home furnishings stores were down 0.9% Census Bureau today said overall retail sales in May were down 0.3% year over year.

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