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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. “Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23.”

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First Quarter Feedback for Grocery Retail: Insights from the Start of 2021

Retail TouchPoints

Despite early struggles by traditional grocery retailers to meet the surge in demand for online goods and services, the imprint on consumers of ecommerce as a source for grocery products is now permanent. He has been analyzing consumer promotions for more than 20 years. Hybrid Shopping is Here to Stay. Only more so.

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How Brands Large and Small are Leaning into the Amazon Effect to Compete

Retail TouchPoints

Amazon: the Consumer-First Platform. Amazon has completely upleveled what a high quality ecommerce experience looks like for consumers. Since Amazon Prime’s inception 15 years ago, Amazon has only increased the annual membership cost three times — rising from $79 per year in 2005 to $119 in 2018. behind Amazon.

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Sephora Celebrates UK Expansion with VIP Launch Event for Second Store in Westfield Stratford City

365 Retail

Sephora’s return to the UK retail scene has been strategic and impactful. The beauty giant initially exited the UK market in 2005 but made a strong comeback in 2021 through the acquisition of Feelunique, subsequently rebranding and relaunching the site in October 2022.

Returns 103
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First Quarter Feedback for Grocery Retail: Insights from the Start of 2021

Retail TouchPoints

Despite early struggles by traditional grocery retailers to meet the surge in demand for online goods and services, the imprint on consumers of ecommerce as a source for grocery products is now permanent. He has been analyzing consumer promotions for more than 20 years. Hybrid Shopping is Here to Stay. Only more so.

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What’s next for online retailers as investors lose faith?

Retail Gazette

You’ve had consumer demand fall down, then you’ve had issues with supply chain and freight costs,” he explains, references spikes in costs suffered both during the pandemic and earlier this year due to disruption caused by attacks on vessels in the Red Sea.

Fashion 105
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With Consumers Awash in Subscriptions, Brands Set Sights on Paid Membership

Retail TouchPoints

Some stats support the gloomy outlook: according to Kearney , 40% of consumers feel they have too many subscriptions, and subscription ecommerce is predicted to have its slowest growth year on record in 2023 ( Insider Intelligence ). Today, brands are competing for consumers’ share of wallet. The reality though is less stark.

Consumer 299