article thumbnail

Rising sales are hiding retailers’ anguish, says ARA chief

Inside Retail

Releasing the latest monthly Mastercard SpendingPulse data this morning, that covers June, Zahra says consumer spending continued its strong trajectory, rising 11.1 SpendingPulse covers all in-store and online spending across all forms of payment and includes the hospitality sector. per cent, on home furnishings by 6.5

article thumbnail

2024 Industry Trend Guide

Storis

So, buckle up, home furnishings retailers; we’re ready to accelerate. The State of the Home Furnishings Industry With abundant opportunity, let’s explore how market and consumer behavior position retailers for success. economy is driven by consumer spending and a thriving job market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Ikea Australia plans to champion affordability and the shopping experience

Inside Retail

Ikea have established themselves as an affordable and accessible homewares brand for Australian consumers but they are showing no signs of slowing down. IR : What are your expectations for consumer sentiment and spending in the year ahead? The rising expectations of customers are propelling our omnichannel strategy at lightning speed.

Planning 130
article thumbnail

Concerns about rising prices weigh on consumers

Mass Relators

NEW YORK — Consumers are still worried about rising prices, according to the latest data from Deloitte’s ongoing ConsumerSignals study. That’s important because a sense of personal financial well-being can impact how consumers approach everything from budgeting for big purchases to their grocery lists. a year ago. a year ago.

article thumbnail

Why Shopee is optimistic about the long-term rise of e-commerce in SEA

Inside Retail

Earlier this year, Shopee released its annual consumer trends report with insights about the way online shopping behaviour has changed across its five key markets in Southeast Asia, namely Singapore, Malaysia, Indonesia, Vietnam and the Philippines. They pay more attention to factors like security of payment methods,” he noted.

article thumbnail

Guest Post: Understanding Digital Customer Experience in Retail Industry

Hyken

Did you know that 70% of consumers have stopped doing business with a brand following a poor customer experience? It is not only about the product or service, which channel, and in what frequency or time of the year a customer is buying. It helps in the identification of the right products for the targeted consumer segment. .

article thumbnail

Digital Shopping Carts

Storis

Even if you are a home furnishings retailer that converts most of your revenue in your physical stores, your website plays a critical role in driving store traffic. A user may access product pages, submit payment information and enter details to complete a transaction.”. Consumers will appreciate that you value their time.