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The Reject Shop sales increase, consumers favour low-priced consumables

Inside Retail

Discount retailer The Reject Shop says consumers are gravitating towards low-priced consumables due to inflation. million while comparable store sales were up 2.4 It closed one store and expects to close four more during the second half due to centre redevelopments. per cent to $439.7 Tax-paid profit grew 6.2

Consumer 246
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Analysis: The rise of the purposeful consumer

Inside Retail

Covid-19 hit the reset button on consumer behaviour. But it is not just the initial seismic shifts in consumer behaviour that have thrown down the gauntlet for retail. But it is not just the initial seismic shifts in consumer behaviour that have thrown down the gauntlet for retail. The answer is deceptively simple.

Consumer 200
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Weak consumer demand dents Best & Less Group profits

Inside Retail

Specialty value retailer Best & Less Group has reported a slump in profits as consumer demand softened during the first half. The company plans to open six new stores in this half. The post Weak consumer demand dents Best & Less Group profits appeared first on Inside Retail. million while tax-paid profit fell 31.8

Consumer 130
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Silly Solly’s plans 10 more stores as it moves to franchise model

Inside Retail

The Silly Solly’s brand has come full circle, now owned by Stanton and an Australian management team that reinvented the model in 2018. “We We experimented with a couple of stores and decided there was a need for this, ” said Stanton. Silly Solly’s has excelled in a bricks-and-mortar retail environment of extreme uncertainty. “It

Planning 298
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Meet the new online outlet mall targeting Gen Z and millennial consumers

Inside Retail

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We

Consumer 246
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Consumer Card Spending Grows at Slower Rate in May as Brits Curb Discretionary Purchases

365 Retail

Consumer card spending in the UK grew by only 3.6 This slowdown reflects Brits cutting back on discretionary purchases to manage mounting inflation and rising food prices. This decrease can be attributed to half of consumers (50 percent) cutting down on discretionary spending to cope with rising household bills. percent). .

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What is Price Management and Optimization?

Retalon

Price optimization and price management are terms that often are used interchangeably, but they are not the same thing. When used properly, both price management and price optimization can substantially affect a retailer’s profitability. You cannot optimize prices without managing them, however. Price Elasticity of Demand.