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Chinese discount store Miniso is growing by one new store a day

Inside Retail

Chinese discount chain Miniso accelerated its expansion plan during the pandemic, opening 364 stores around the world during the past 12 months. The expansion has increased Miniso’s store number to 4587 in China and 94 in overseas markets. Its e-commerce sector accounted for $26.1 per cent of sales.

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NRF: Electronics Will Drive Back-to-School Spending to Record $41.5 Billion

Retail TouchPoints

billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). More than 55% of respondents who are planning to shop for school supplies said they had already started buying as of early July — on par with 2022 and up from 44% in 2019. per person, up from $1,199.43 set in 2021.

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BTS spending expected to exceed $41 billion

Mass Relators

While consumers have started shopping early, as of early July, 85% said they still have at least half of their shopping left to do. Families with children in elementary through high school plan to spend an average of $890.07 For all back-to-class shoppers, the top destinations are online, department stores and discount stores.

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NRF: More consumers seeking bargains this Easter

Mass Relators

WASHINGTON – Eighty percent of Americans plan to celebrate Easter this year and will collectively spend $20.8 With just more than half (51%) of consumers planning in-person celebrations, up from 43% the previous year, food will account for the largest spending category. on food, followed by $28.04 on gifts and $27.93

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Back-to-class shopping expected to reach record levels

Mass Relators

While consumers have started shopping early, as of early July, 85% said they still have at least half of their shopping left to do. Families with children in elementary through high school plan to spend an average of $890.07 For all back-to-class shoppers, the top destinations are online, department stores and discount stores.

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7 Price Planning Tips to Maximize Retail Profits (2020)

Retalon

Price planning is one of the most difficult (and often misunderstood) elements of retailing strategies. But emulating successful retailers in price planning isn’t enough. Standard price planning strategies (competition pricing, cost-plus, high-low, EDLP, etc.) What does this mean for price planning?

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How to Prepare for a Recession

Small Biz Trends

The impact of a recession on your business at times can be hard to predict. An emergency fund is money you set apart from other savings preferably in a high-yield savings account. Have a Financial Plan. Having a well-thought-through financial plan can help in challenging times. Cut Out Unnecessary Costs.