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Crafting Engaging Consumer Promotions that Click with Gen Z

Retail TouchPoints

As brands build out their chance-to-win promotions, attempting to draw in shoppers with sweepstakes and contests, it’s important to consider what will actually appeal to this extremely influential audience with an estimate of $360 billion in spending power (and growing). They spend a lot of time online, particularly on social media platforms.

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Myer cites volatile market and distribution issues in tough second half

Inside Retail

Despite rising promotional activity and an increased cost of business, Myer has achieved sales growth, albeit dragged down by the performance of its apparel brands. per cent, while online sales rose by 9 per cent to account for 21.4 The company says its second-half sales rose 1.9 per cent year on year to $837.2 per cent decline.

Marketing 147
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Retail: Why you Should Include Your Employees in Your Marketing

Retail TouchPoints

They focused on purpose, product superiority, promotion and emotional benefit. Promoting a positive work culture. By highlighting this expertise, you can make your marketing messages more credible and establish your company as a trusted authority. The result? But now, there has been a renaissance. Showcasing expertise.

Marketing 147
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Macy’s Delays Q3 Earnings to Investigate Financial Irregularity

Retail TouchPoints

Following an independent investigation and forensic analysis, Macy’s said it identified “a single employee with responsibility for small package delivery expense accounting” who had intentionally made erroneous accounting entries to hide approximately $132 to $154 million in delivery expenses from Q4 2021 to this current quarter.

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Integrate Pricing, Promotions and Markdowns to Drive Profitability

Retail TouchPoints

Despite a positive job market and a stabilized economic environment, most consumers ( 96% ) are looking to save money in the short term, according to a recent study from PwC. But at the same time merchants’ margins are being squeezed, making intelligent pricing and promotions strategies even more critical for success.

Markdowns 321
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Lowe’s Promotes Finance Exec to CFO

Retail TouchPoints

Lowe’s has promoted Brandon Sink to EVP and CFO, effective April 30, 2022. He is a proven leader with strong financial and operational acumen, and I look forward to working together as we execute our strategy and continue to grow our market share, expand operating margins and deliver meaningful shareholder value.”.

Finance 288
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Solid Holiday Sales Point to Increasing Consumer Confidence

Retail TouchPoints

In fact, the last five days of the holiday shopping season, which includes Super Saturday, accounted for 10% of all spending, according to Mastercard indicating a rash of last-minute spending that wasnt unexpected, given the shortened shopping window between Thanksgiving and Christmas 2024.

Consumer 283