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Shoppers see sharpest price rises since 2012 as cost of living crisis bites

365 Retail

Shoppers have been hit by the highest price rises in almost 10 years after shop inflation almost doubled over the past month, new data suggests. According the latest BRC-NielsenIQ shop price index, annual shop price inflation jumped from 0.8% in January, the highest rate since 2012. in December, to 1.5%

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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.

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Shein and Temu Face Congressional Scrutiny Over Imports, Forced Labor

Retail TouchPoints

China-based shopping apps Shein and Temu have found themselves in the crosshairs of the U.S. 1 shopping app in the U.S., Both Temu and Shein rely heavily on the de minimis exception to ship packages directly to U.S. House of Representatives. since its September 2022 debut. Temu is now the No. 2, ahead of both Walmart and Amazon.

Shipping 272
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“Pick up the rocks”: CEO on how donating $13 million of profits is good business

Inside Retail

The brand, which was founded by Griffiths, Danny Alexander and Jehan Ratnatunga, has donated 50 per cent of its profits since launching in 2012, helping over 400,000 people worldwide gain access to toilets and adequate sanitation in the developing world. What progress has Who Gives A Crap made towards its mission since being founded in 2012?

Consumer 246
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How to Make the Most of Free Google Shopping Listings

Retail TouchPoints

Fortunately, not long into the crisis, search behemoth Google paid attention to these companies’ needs, announcing in April that merchants would be able to list products on its Google Shopping platform for free. And while companies would ordinarily have to pay to list their products, for the first time since 2012, they can now do so for free.

Shopping 188
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How Aussie menswear brand Peter Jackson is suiting up for e-commerce expansion

Inside Retail

With one in seven Australians shopping online every day, Peter Jackson saw the need to improve its digital offering. The brand offers international shipping for online orders but does not plan to invest in brick-and-mortar retail overseas as part of the next phase of the growth strategy. “We’re

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Due Diligence: Winning October Prime Day Prep Strategies

Retail TouchPoints

While shoppers have a month or so to build their shopping lists, brands need to start preparing now. What still needs to ship? Before founding the company in 2012, Hariharan spent five-plus years at Amazon building out automated vendor management and supply chain. What sold through? What is Amazon sitting on?