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

Inside Retail

The expansion has increased Miniso’s store number to 4587 in China and 94 in overseas markets. The brand recorded the strongest performance in its home market, with physical store and online e-commerce revenue surging 69 per cent and 86 per cent respectively during the third quarter of fiscal year 2021, which ended on March 31.

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How retailers can capture the Millennial market in a cost-of-living crisis

Inside Retail

Afterpay research shows that Millennial spending accounts for 35 per cent of all retail spend in Australia. So how can retailers capitalise on the Millennial market and what drives this generation’s interests? Instead, savvy brands attempting to target the equally savvy Millennial market might need to head for ‘green but lean’.

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How Shein is winning the fast-fashion war by putting consumers in charge

Inside Retail

With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M.

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Retail spending strong in late 2022, but signs of slowing emerge

Inside Retail

The most significant annual increases in retail were seen in specialty retail stores, alcohol goods, family clothing stores and discount stores. Meanwhile, spending declined in department stores, home supply warehouses, household appliances and furniture categories.

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BTS spending expected to exceed $41 billion

Mass Relators

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.

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Back-to-class shopping expected to reach record levels

Mass Relators

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.

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NRF: More consumers seeking bargains this Easter

Mass Relators

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