Inside Retail

APRIL 16, 2024

Culture Kings is an Australian retail phenomenon, what started as a Carrara market stall in 2008 evolved into an international retailer being listed on the stock exchange with a $600 million valuation. Create the brand, the emotion, the resonance, break [consumers] patterns so they remember you,” concluded Beard.

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Inside Retail

AUGUST 3, 2023

The last time there were three consecutive quarters of declining retail volume sales was in 2008 – at the time of the Global Financial Crisis. ARA CEO Paul Zahra said the decline demonstrates a continued slowdown in consumer spending – and adds to the pressure retailers are already under as the cost of doing business skyrockets.

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Department Stores Apparel Promotions Consumer 246

Retail Focus

OCTOBER 18, 2021

Grosvenor Britain & Ireland has announced that global fashion retailer, New Look, has relocated from its temporary store on Upper South John Street to a new 20,000 sq ft flagship retail space at 19 South John Street, renewing the brand’s long-standing commitment to Liverpool ONE. Sales are up 7.4%

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ATS Fashion Returns Location 162

Inside Retail

MARCH 19, 2024

The amount of natural resources consumed and waste produced is snowballing. Instead they are producing garments at breakneck speeds and self-generating microtrends such as balletcore, Barbiecore and even mermaidcore. At the same time there is limited transparency or accountability around clothing supply chains. billion in 2018.

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Fast Fashion Fashion Accounting Consumer 246

A1 Retail

MARCH 8, 2024

1 vegan and free from chocolate brand, won six major accolades at the 2024 Free From Easter Awards, recognising the six new products in the brand’s Easter range. NOMO’s 2024 Easter range follows an outstanding sales performance at Easter last year. NOMO, the UK’s no.1 NOMO experienced 45.6

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ATS Marketing Consumer 59

Retail TouchPoints

AUGUST 3, 2022

Bureau of Labor Statistics Consumer Price Index (CPI), which is the highest rate in nearly 41 years. High inflation is weighing on shoppers’ budgets, with 62% expecting their living costs to increase even further over the next six months, according to data from Ernst & Young’s (EY) Future Consumer Index. Inflation reached 9.1%

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Inside Retail

MARCH 26, 2024

The retailer also expects to benefit from the trend of electric bikes, and it has two national expos this year to showcase the company’s fleet to consumers. A year later, Turner founded the Pedal Group, as a joint venture between the Turner family and Flight Centre in 2008.

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Returns Planning Specialty Retailers Customer Experience 130

Retail TouchPoints

SEPTEMBER 25, 2020

We don’t have a COVID-19 crystal ball to see how this uncertainty will pan out, but we can see that consumer spending is shifting amid the pandemic. But chances are it won’t stay at nearly 15% levels forever. So in spite of all this unemployment, consumers are saving more than they’ve saved in a long time.

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Consumer Payment Services Promotions Management 114

Inside Retail

OCTOBER 24, 2023

The future of augmented reality (AR) in retail was on full display at a pop-up event hosted by makeup brand Pat McGrath Labs and Google earlier this week. However, beauty brands and other companies in various retail sectors have been integrating AR technology into the consumer shopping experience since well before 2020. In 2020, 83.1

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Shopping Home Furnishings Consumer Returns 245

Retail TouchPoints

APRIL 22, 2024

In fact, 51% of consumers said they would be willing to pay more for products shipped through sustainable methods, up significantly from just 15% of consumers in December 2023, according to a new survey from Radial. Here is what a number of companies are doing this Earth Day and beyond to meet the demands of consumers and the planet.

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Shipping Fashion Consumer Returns 219

Retail TouchPoints

OCTOBER 31, 2023

While the NRF has yet to release its total sales projections for the season, its early consumer research reveals that consumers plan to spend an average of $875 this holiday season, in line with the five-year average — and most of that money will be spent online. Put managers front and center.

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Retail TouchPoints

AUGUST 11, 2023

Hufnagel has an established career in retail, holding roles at brands like Under Armour , Gap and Abercombie & Fitch as well as deep roots within the Wolverine Worldwide business specifically. He joined the company in 2008 and has held leadership positions across different divisions.

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Wholesale ATS Consumer 223

Inside Retail

DECEMBER 11, 2023

After initially launching here in 2000, it withdrew from the market in 2008, before relaunching that same year under the ownership of the Withers Group. Starbucks Australia confirmed a new way to consume take-away coffee will be created and introduced for Australians in 2024.

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Consumer Marketing Accounting Social Commerce 260

Retail TouchPoints

MARCH 15, 2022

for 2021 — the highest annual rate since 2008’s 3.8%. Kannan, the Dean’s Chair in Marketing Science at the University of Maryland’s Robert H. That increases trust with the consumers, and you will hold on to them for a longer time if they trust you more,” said Kannan. Smith School of Business.

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Consumer Promotions Marketing Customer Experience 232

Retail Wire

JUNE 2, 2022

“We expect Inditex’s sales outperformance to widen in a downturn, as it did in the financial crisis of 2008 and 2009,” said RBC analyst Richard Chamberlain. “Consumers that have been stuck at home for two years are looking to replenish their wardrobes.”

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Fast Fashion Fashion Consumer Marketing 100

Retail TouchPoints

AUGUST 21, 2023

As high inflation continues to pose a challenge for the American consumer, research shows that two-thirds of Americans plan to still spend the same or more on retail purchases in 2023. However, it’s no surprise that many of those consumers plan to prioritize shopping for bargains in-store.

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Payment Services Promotions Consumer Planning 189

Retail TouchPoints

AUGUST 25, 2021

The term rose to the surface last year as 2020’s unique confluence of events drove consumers toward shopping alternatives that were both environmentally friendly and economically feasible. The consumer is changing, the way that they purchase is going to change,” he said. “We Look at brands Sandro and Maje.

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Consumer Fast Fashion Finance Shopping 306

Inside Retail

JANUARY 28, 2024

While none of the practitioners have made bold predictions of the number of retailers at risk, they forecast an increase on the 10,566 business failures recorded for the 2023 financial year. Back in 2016, SV Partners predicted 1200 retailers, including seven major brands, were at risk of financial collapse.

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Consumer ATS 233

Retail Focus

AUGUST 4, 2023

This represents the lowest point since Q3 2020 when the UK was in the midst of tiered lockdown restrictions and about to enter Lockdown 2, and -23 points lower than Q3 2008, at the start of the Financial Crisis and the beginning of the Credit Crunch. percentage points quarter-on-quarter.

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Consumer Management Marketing ATS 130

Retail Wire

JUNE 1, 2021

Teenagers are picking up jobs and, in many cases, higher wages as employers staff up to meet the demand caused by the return of regular pre-pandemic activities among consumers. The percentage of teens between 16- and 19-years-old is at its highest level since 2008.

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Returns Consumer ATS 100

Mass Relators

APRIL 26, 2023

While leading at both Rite Aid and Walgreens, Standley served on the NACDS Board of Directors twice. He served as NACDS Chair from April 2014 to April 2015 while at Rite Aid. and held executive positions at several other grocery and retail companies, including: Fleming Cos.; Fred Meyer Inc.; Ralphs Grocery Co.

ATS 52

ATS Consumer Marketing 52

Retail Gazette

APRIL 22, 2024

The fashion retailer is trailing the option for consumers to send their unwearable clothes from any label using a pre-paid postal donation bag that is left with a local courier that the charity can then resell, reuse, or recycle.

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Fashion Planning Consumer ATS 98

Retail TouchPoints

FEBRUARY 9, 2021

Pay in 4 is now included in Digital River’s PayPal checkout integration at no additional cost. Buy now, pay later options are becoming increasingly popular as consumers demand more flexible payment options. Consumers want to spend their own money. So these millennials and Gen Z’s are saying, ‘I want to spend my own money.

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Merchant Services Checkout Finance Consumer 147

Inside Retail

APRIL 4, 2024

MRG chairman Bernie Brookes told Inside Retail that the decline in consumer spending is likely to see more established retailers fall into administration, particularly companies that are not well-capitalised and don’t have access to financial backing to navigate this tough economic period.

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Accessories Apparel Fashion Consumer 100

Retail TouchPoints

APRIL 16, 2021

The board agreed to expand its existing share repurchase authorization to $2 billion , which can be used to repurchase shares at the company’s discretion. “I Amidst ongoing industry disruption and evolving consumer trends, we are uniquely positioned to build on our momentum and accelerate growth and profitability.”.

Finance 163

Finance Wholesale Apparel Fashion 163

A1 Retail

JUNE 23, 2023

NOMO, the UK’s vegan and free from chocolate brand, won four major accolades at the Free From Food Awards on 8th June. The annual event has celebrated excellence in the industry since 2008. The top honours included being named the Large Independent Brand of the Year 2023.

ATS 59

ATS Supermarket Accounting Brand Management 59

Retail Gazette

FEBRUARY 1, 2024

Two out of five FTSE retailers sounded profit warnings in 2023 as high interest rates and wavering consumer confidence placed pressure on margins. Profit warnings fell year-on-year at the start of 2023 but surged in the final quarter, with nine listed retailers issuing warnings – the same number as those in 2022.

Fashion 67

Fashion Consumer ATS 67

Inside Retail

JUNE 22, 2023

With high inflation and climbing interest rates, consumer sentiment is set to plunge further, with retail spending set to decline in the June quarter. But what are the implications of a retail recession, and just how damaging will it be for retailers and consumers? The consumer is certainly hurting,” he said.

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Customer Retention Consumer Accessories Marketing 246

Inside Retail

DECEMBER 11, 2023

The 2024 prediction was somewhat bearish given that the National Australia Bank reported the actual sales for the four-day Black Friday and Cyber Monday shopping event were estimated at $7.1 Short-term gain for long-term pain?

Customer Experience 147

Customer Experience Promotions Returns Shopping 147

Inside Retail

JANUARY 10, 2023

billion in 2026, as consumers increasingly shift from offline to online purchases. BNPL services are gradually gaining prominence in Singapore, with a growing preference for flexible payment methods among consumers,” Neralla Rama Ravi Teja, a retail analyst at GlobalData, told Inside Retail. “The Rise of online payments.

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Payment Services Consumer Finance Apparel 130

Talking Retail

JANUARY 31, 2023

in the 4 weeks to 22 January 2023 according to Kantar, the highest level since it started tracking the figure in 2008. Fraser McKevitt, head of retail and consumer insight at Kantar, said: “Late last. This story continues at Grocery price inflation rises to record 16.7% Grocery price inflation hit a record 16.7%

Shopping 59

Shopping Consumer ATS 59

Retail Gazette

JUNE 23, 2023

Despite grocery price inflation falling to its lowest level this year , sitting at 16.5% for the four weeks to 11 June 2023, it remains sixth highest monthly figure since 2008. But food sales were down 0.5% in May, signifying customers might be cutting back amid sky-high supermarket inflation.

Outdoor 98

Outdoor Supermarket Consumer Returns 98

Retail TouchPoints

DECEMBER 8, 2020

At the start of the pandemic, retailers did the hard work of rethinking and redesigning their underlying IT infrastructure to ensure these initiatives could be rolled out in a timely and effective manner. Not only did consumers change where they shop, but also what they shop for. COVID-19 shook customer loyalty, with 73% of U.S.

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Outdoor Shopping Consumer Accounting 290

Retail TouchPoints

SEPTEMBER 20, 2023

including Amazon , Target and Macy’s , have announced their plans for holiday hiring, but all told this season may see one of lowest levels of seasonal hiring since 2008 , according to report by Challenger, Gray & Christmas shared with Reuters. Some of the biggest retailers in the U.S., 21 and Oct. The holidays are one of Macy’s, Inc.’s

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Planning Fulfillment Payment Services Location 238

Inside Retail

JUNE 30, 2021

Melbourne-based cycling marketplace Bike Exchange co-founder Sam Salter has just taken on the newly created role of chief of sales and partnerships officer at the business. million consumers each year. Prior to that, he was chief operating officer at Amrest, a European operator of KFC, Pizza Hut, Starbucks and Burger King franchises.

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Returns Management Consumer ATS 219

Inside Retail

JUNE 22, 2022

We’ve just unveiled Asia’s most influential list at Inside Retail Asia , a collection of the region’s changemakers, rulebreakers and innovators. Redefining the modern-day mall experience, Cheng founded K11 in 2008, a concept focused on ‘museum retail’. Drumroll, please! He plans 40 such properties in 10 Chinese cities by 2026.

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Promotions Planning Consumer ATS 130

Inside Retail

MAY 5, 2021

When the first-generation iPhone came out in 2008 for about $700, people thought it was expensive… That’s a far cry from the price of a new iPhone these days where an iPhone 12 Pro Max 512GB will cost an eye-watering $2369 – more expensive than an entry-level MacBook. Here are some reasons why. Supply chain disruptions. Huge Savings.

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Planning Consumer ATS 246