Inside Retail

OCTOBER 11, 2021

With occupancy rates under pressure, shopping-centre landlords have already reviewed property valuations to account for tighter rent market conditions and financial concessions required to retain key retail brands. Myer online sales increased by 28 per cent, to $540 million, in FY21, accounting for 20 per cent of total group sales.

Shopping 130

Shopping Consumer Accounting Department Stores 130

Inside Retail

APRIL 22, 2024

According to a recent Euromonitor report, while consumer food-service value nears pre-pandemic levels in 2024, dining-in at restaurants will not return to pre-pandemic level until 2028 in Asia Pacific. The report predicts that regular dining out will be off the menu for cost-conscious consumers until 2028. trillion in 2023.

Kiosk 147

Kiosk Fulfillment Consumer Accounting 147

Mass Relators

DECEMBER 14, 2022

WASHINGTON, December 14, 2022 – Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a report released today by the National Retail Federation and Appriss Retail. As retail sales continue to grow, the average rate of return has remained flat at 16.5%

Returns 52

Returns Accounting Customer Experience Consumer 52

Inside Retail

MARCH 14, 2024

Revo Sunglasses return to independence Revo Sunglasses was founded by Nasa astrophysicist and optical engineer Dr Mitch Ruda who asked himself the question, what if we used the coatings that protect satellites to shield our eyes from the sun? Then, it set up a direct-to-consumer channel. “It

Location 130

Location Wholesale Consumer Planning 130

Inside Retail

JANUARY 31, 2023

Late last year brought a symbolic event in the athletic footwear business in China: it was the return of the Shanghai Marathon, scratched in 2021, which attracted a record 18,000 runners and was won, both in the men’s and women’s divisions, by Chinese athletes. In 2019, Nike sold US$6.2

Consumer 130

Consumer Apparel Fashion Outdoor 130

Retail TouchPoints

OCTOBER 4, 2021

compared to the same period in 2019, showing significant growth since its exited from bankruptcy in 2018. However, the brand has yet to return to profitability despite its growth. The retailer is seeking to complete its turnaround by zeroing in on its appeal to Gen Z consumers, among whom the brand is already well-known.

Jewelry 259

Jewelry Accessories Accounting Location 259

Retail TouchPoints

FEBRUARY 23, 2021

“Our investments in digital innovation continued to pay off in the quarter, with digital sales up 21% from 2019. Digital accounted for 44% of net sales in Q4 2020, and the retailer also highlighted the fact that 25% of its digital sales were fulfilled from its brick-and-mortar stores via curbside pickup and same-day delivery.

Department Stores 210

Department Stores Returns Jewelry Apparel 210

Retail TouchPoints

AUGUST 15, 2022

Following several years of pandemic-driven declines, shoppers are eagerly returning to stores, and that enthusiasm is being echoed in a new upswing in store openings and lease signings. And yet, a recent study from LeaseQuery , which compares the number and value of retail leases from 2019 to 2022, tells a slightly different story.

Payment Services 208

Payment Services Returns Consumer Accounting 208

Inside Retail

SEPTEMBER 26, 2022

Online sales, favoured during lockdowns, might have been expected to decrease as life returned to normal, however, the research showed the trend endured, accounting for 3 per cent of total sales in 2019 to 6 per cent in 2021. At the same time, this type of initiative fits post-Covid consumer craving for live interaction.

Department Stores 130

Department Stores Store Layout Fashion Returns 130

Retail TouchPoints

MARCH 1, 2024

For example, by specifically retargeting those customers who had added to their online carts over the previous 30 days, and spotlighting the specific items they had browsed or put into their carts, Natori achieved a Return on Ad Spend (ROAS) of 943% in Q3 2023. That’s much more useful [data] than the first consumer.

Department Stores 208

Department Stores Wholesale Finance Apparel 208

Inside Retail

NOVEMBER 9, 2022

Retailers are potentially facing significant headwinds in the months ahead, with rising interest rates and cost-of-living pressures dragging on consumer confidence. The figures indicate a fall in sales in all categories as consumers became able to return to in-store purchasing. per cent for August and September.,

Payment Services 241

Payment Services Consumer Returns Accounting 241

Retail TouchPoints

AUGUST 19, 2020

Same-day services, including order pickups, drive-ups and its Shipt subsidiary, grew 273% and accounted for approximately six percentage points of total company comp sales growth. It’s also an indication that there was some favorable mix shift away from lower-margin consumables and toward higher-margin general merchandise categories.”.

Fulfillment 299

Fulfillment Accounting Returns Consumer 299

Inside Retail

FEBRUARY 20, 2023

For consumers, there is a very strong desire to get out and enjoy life. per cent in September 2022 only slightly above 2019 levels and well down from the 2020 high of about 24 per cent, suggesting that the amount of dry powder in consumers wallets is declining. per cent last year, with the economy growing by an estimated 6.5

Department Stores 246

Department Stores Returns Consumer Marketing 246

Retail TouchPoints

APRIL 21, 2021

Buy now, pay later (BNPL) also thrived over the past year, rising nearly 78% to account for 1.6% I think more consumers, particularly millennials and Gen Z, are aware of the ability to pay with their wallet, so those two are big drivers. Digital wallet usage is expected to account for 40.5% of ecommerce spend.

Merchant Services 289

Merchant Services Payment Services Checkout Accounting 289

Retail TouchPoints

JANUARY 20, 2023

Even more impressive, eMarketer expects it to nearly double, from $31 billion in 2021 to more than $61 billion by the end of 2024, when it will account for almost 20% of digital advertising spend. consumers spent $1.7 digital media revenue to Amazon between 2019 and 2023. digital media revenue to Amazon between 2019 and 2023.

Advertising 260

Advertising Sporting Goods Boutique Returns 260

Inside Retail

MARCH 28, 2023

According to the UN, Australia is one of the world’s top producers of e-waste, ranking fifth with almost 22kg of waste per person as reported in 2019. The rise in traffic to marketplaces offering refurbished electronics points to a shift in consumer behaviour, with Australians seeking to save money wherever they can.”

Returns 130

Returns Accounting Consumer Management 130

Retail TouchPoints

NOVEMBER 3, 2022

A recent survey from retail research firm NPD showed that the share of consumers’ planned shopping for the holidays ticked up this year for in-store versus online, in contrast to a long-term decline, and major retailers like Walmart and Party City just announced plans to direct the majority of their holiday hires to work on store floors.

Accounting 261

Accounting Returns Management Advertising 261

Retail Gazette

APRIL 8, 2024

Savvy Marketing CEO Catherine Shuttleworth says there are a few factors behind this, citing the “softening” of consumer spending on clothing, the shift towards casual attire amid remote working, and the demise of the department store. But the brand’s problems predate Debenhams’ demise in 2020.

Department Stores 105

Department Stores Fashion Returns Accounting 105

Retail TouchPoints

MAY 5, 2021

Propelled by new technologies and heightened consumer demand, some segments that had been slower to gain traction online finally moved into the digital fast lane — cars , adult beverages and even trees , to name just a few. billion compared to roughly $3 billion in 2019, according to data from IWSR.

Returns 272

Returns Consumer Marketing Comparison Shopping 272

Inside Retail

NOVEMBER 22, 2022

In 2019, it brought in 233.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. This year, Isetan-Mitsukoshi projects sales to return to pre-pandemic levels and even beat the record set in 2018. trillion yen, still more than 10 per cent below 2019.

Department Stores 130

Department Stores Boutique Accounting Returns 130

Inside Retail

APRIL 24, 2023

With the return of tourism to New York after pandemic-related declines, luxury retailers are again betting on refreshed flagships to drive consumer interest and traffic. million international visitors in 2019, according to the New York City Tourism and Conventions bureau. in the first quarter of 2019 to 3.8%

Returns 130

Returns Accounting Location Management 130

Retail Focus

JANUARY 24, 2023

The Bank of England has predicted that the United Kingdom is falling into a prolonged recession, with inflation not expected to return to its target level of 2% until 2024. in December, with consumers stocking up for the holiday season and people spending less out and about. Sainsbury’s (SBRY.L) not far behind with 8.0%

Supermarket 130

Supermarket Accounting Marketing Returns 130

A1 Retail

MAY 10, 2022

Takeaways, nights out and subscriptions all had smaller uplifts than in March as rising prices led to changes in consumer behaviour. The Barclaycard report combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending. Consumer card spending grew 18.1 per cent vs.18.8

Consumer 75

Consumer Beauty and Health Finance Department Stores 75

Retail TouchPoints

APRIL 28, 2023

But Wells knows that to successfully acquire this coveted group of consumers while also retaining its incredibly loyal base of millennial shoppers, the brand can’t simply live in the past. When he returned to True Religion as creative director in late 2019, social media and the creator economy had reached a critical inflection point.

Fashion 253

Fashion Consumer Marketing Accounting 253

Inside Retail

APRIL 28, 2021

As bricks and mortar retailing returns to pre-pandemic rates, business owners are left to question whether the traditional in-store experience suffices in this new, convenience-driven consumer world. Recently, ShopExp have set their sights on a key consumer pain point: fit recommendations. Don’t trust the size guide?

Fashion 130

Fashion Returns Consumer Accounting 130

Inside Retail

APRIL 28, 2021

As bricks and mortar retailing returns to pre-pandemic rates, business owners are left to question whether the traditional in-store experience suffices in this new, convenience-driven consumer world. Recently, ShopExp have set their sights on a key consumer pain point: fit recommendations. Don’t trust the size guide?

Fashion 130

Fashion Returns Consumer Accounting 130

Retail TouchPoints

JULY 26, 2022

With rising gas prices, food shortages, skyrocketing interest rates and ever-present inflation, consumers are worried and that means retailers are worried, too. We’re already seeing online shopping demand level off , with consumers finding a new balance between digital and physical channels. Loyalty Shifts to Value.

Drop-Shipping 277

Drop-Shipping Fulfillment Consumer Shipping 277

Inside Retail

SEPTEMBER 6, 2022

Customers will be able to create accounts and list items for rent directly from the online checkout pages of participating brands, helping Designerex reach new customers and increase its inventory. The platform is doing triple the volume it did in 2019, its last normal trading year that wasn’t affected by Covid-19 lockdowns. .

Fashion 130

Fashion Checkout Fast Fashion Consumer 130

Inside Retail

JANUARY 16, 2023

According to the research house, visitors to Malaysia can account for anything from five to 30 per cent of total footfall in malls, and 40 to 70 per cent of hotel guests. According to her, as China is still transitioning and Chinese consumers are being conservative in outbound travel, the growth will be gradual. “In

Accounting 130

Accounting Returns Management Consumer 130

Retail TouchPoints

MARCH 3, 2022

Enhancements to its same-day delivery offering with the previously announced addition of product returns and Starbucks order pickup to its Drive Up service at select stores, as well as an expansion of the backup item option for more categories.

Payment Services 220

Payment Services Shopping Planning Fulfillment 220

Retail TouchPoints

JULY 30, 2020

Households with children in elementary and high school are set to spend an average of $789.49 , far exceeding the 2019 record of $696.70. Only consumers only had 17% of their shopping done by early July, and 54% said they held off on spending because they didn’t know what they needed. per family, up from $976.78 — another record.

Merchant Services 250

Merchant Services Advertising Apparel Planning 250

Retail TouchPoints

FEBRUARY 17, 2021

in March 2020, consumer buying behavior began shifting. In addition, as the popularity of online ordering and delivery continues to skyrocket, marketers need to rethink how they communicate with and market to consumers. In order to do this, retailers need to leverage valuable consumer data to create a more targeted marketing strategy.

Target Market 224

Target Market Marketing Kiosk Promotions 224

Inside Retail

AUGUST 13, 2023

As consumers actively seek out more experiential retail engagement, brands are increasingly looking for ways to integrate digital signage in stores. In the past, digital signage has very much been ‘let’s put a TV here and some LED here’ but those days are over,” adds Natalie Layton, Entwined’s key account manager. “It’s

Point of Sale 130

Point of Sale Promotions Returns Accounting 130

Retail TouchPoints

NOVEMBER 30, 2020

Brick-and-mortar sales — which will account for 81.2% Regardless, these communications will be crucial to whether holiday customers return throughout 2021. Consumer Expectations are Higher. Nine out of 10 consumers expect proactive updates on the progress of their packages. Consumers Want Options. of total U.S.

Drop-Shipping 160

Drop-Shipping Shipping Consumer Planning 160

A1 Retail

APRIL 12, 2022

Nine in 10 consumers are concerned about the negative impact of rising household bills on their personal finances. The Barclaycard report combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending. per cent compared to the same period in 2019. Card spending grew 17.7

Consumer 40

Consumer Finance Outdoor Supermarket 40

Retail TouchPoints

OCTOBER 29, 2020

Economists are predicting a flat or modest increase in holiday sales compared to 2019, but they expect a big increase in online holiday shopping. vs. 2019, when sales amounted to $145 billion. Consumers love it because they avoid shipping fees and delays, since the goods are often available within an hour of making an order.

Merchant Services 151

Merchant Services Accounting Shipping Returns 151

Retail TouchPoints

OCTOBER 21, 2021

In the world of ecommerce, Google is a bit of an anomaly: while a relatively minor player in the marketplace landscape compared to giants like Amazon and eBay , it is at the same time central to the shopping journeys of millions of consumers every day. Google Ads accounts for the vast majority of the company’s revenue.

Merchant Services 292

Merchant Services Advertising Shopping Drop-Shipping 292