Mass Relators

JULY 13, 2023

Spending on big-ticket items such as electronics and furnishings as well as necessities like food accounts for more than half of the increase in total back-to-college spending this year. For all back-to-class shoppers, the top destinations are online, department stores and discount stores.

Shopping 52

Shopping Discount Store Department Stores Consumer 52

Mass Relators

MARCH 28, 2022

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. Like last year, half (50%) of holiday shoppers plan to purchase gifts at discount stores, 41% at department stores and 35% online. on food, followed by $28.04

Consumer 52

Consumer Discount Store Department Stores Planning 52

Small Biz Trends

JULY 11, 2022

An emergency fund is money you set apart from other savings preferably in a high-yield savings account. A high-yield savings account allows you to receive a higher interest rate than a traditional savings account and because you only use the funds in case of emergencies the interest can accumulate. Is a Recession Coming in 2022?

Drop-Shipping 115

Drop-Shipping Finance Payment Services Accounting 115

Inside Retail

NOVEMBER 17, 2022

It has also been reported that discount store chain Don Quijote would be hiring more multilingual foreign staff to prepare for a rise in duty free shopping services. Nonetheless, Chinese travellers who used to account for 30 per cent of tourist arrivals in Japan in 2019, are only contributing 1.8 per cent this year.

Discount Store 130

Discount Store Accounting Shopping Marketing 130

Inside Retail

SEPTEMBER 6, 2023

Afterpay research shows that Millennial spending accounts for 35 per cent of all retail spend in Australia. That means an interactive relationship with their retail brands, as well as multiple touchpoints through which to connect with the brand across both digital and physical store environments – an experience (r)evolution.

Marketing 130

Marketing Consumer Accounting Apparel 130

Mass Relators

SEPTEMBER 19, 2022

Unsurprisingly, costumes account for the biggest area of Halloween purchases. Forty percent plan to purchase their items at discount stores, 36% will go to specialty Halloween or costume stores and 31% will shop online. Spending on kids’ and adult costumes is expected to total $2.9 billion, the highest amount since 2017.

Planning 52

Planning Discount Store Returns Consumer 52

Inside Retail

MAY 2, 2021

Aaron Fidler, head of retail and commerce account management at Mastercard Australia, says the company’s latest Recovery Insights research shows that “roughly 20-30 per cent of the global Covid-related shift to digital is expected to be permanent. Brands must strive to be genuine, authentic, accountable and trustworthy.

Consumer 200

Consumer Social Commerce Shopping Returns 200

Retalon

NOVEMBER 20, 2020

To understand the challenges and constraints faced when implementing retail price optimization let us look at a simplified example: Option 1: The graph below shows that if you offer a product at the low price of $10 (Perhaps at a discount store), you might sell 100 units and make a revenue of $1000. Product Demand Cannibalization.

Management 41

Management Markdowns Accounting Retailing Pricing 41

Mike Anthony

JULY 28, 2021

The IGD in the UK predicts that the discount channel will be the fastest growing grocery channel in the UK over the next five years (yes – faster than online!). And in most markets they continue to aggressively expand their store footprint, which will make their stores even more convenient to visit.

Shopping 147

Shopping Discount Store Returns Management 147

Retalon

JUNE 10, 2020

may cover generic approaches to managing and optimizing price for any given product, but they don’t account for the most critical variables that determine your pricing success. Retailers who don’t account for these considerations often struggle with profitability. A discount store for bargain hunters? What does this mean?

Planning 41

Planning Markdowns Promotions Accounting 41

Retail TouchPoints

APRIL 5, 2022

This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines. According to the NRF , the total rate of returns in 2021 was just over 16% — up 6 percentage points from 2020 — and the online portion accounted for almost 21% , or about $218 billion.

Merchant Services 216

Merchant Services Beauty and Health Returns Consumer 216