article thumbnail

Wiser Insights: Navigating 2023’s Online Back-to-School Retail Trends

Wiser

The convenience, variety, and value offered by online platforms presents a compelling proposition for consumers. One-fourth of consumers also reported that they planned to spend more on back-to-school shopping this year due to their need for bigger-ticket items such as computers, phones, calculators, or furniture.

article thumbnail

Business Growth through Digital Transformation: The Case of Premium and Luxury Brands

Retail Focus

In a world where consumers’ behaviours, expectations, and preferences are rapidly changing, premium and luxury brands are faced with a unique challenge – how to preserve their identity and exclusivity while adapting to the digital age (Purwar 2019).

Insiders

Sign Up for our Newsletter

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

article thumbnail

Losing Shoppers in the Economic Downturn – Why its not such a bad thing!

Mike Anthony

Am I going to lose consumers and shoppers, and if so, what should I do about it? Let’s get this over with: you are definitely going to lose shoppers and consumers! Will you lose consumers and shoppers during the upcoming economic downturn? Losing consumers and shoppers isn’t a bad thing? The simple answer is yes.

article thumbnail

This Holiday Season Finds Retailers Racing to Make Early Sales

VMS

That effort is making consumers pessimistic about the economy, with a possible recession still in the minds of many. As a result, retailers – some of them sitting on a glut of inventory – want to sell as much as they can while consumers are still spending. Many started their holiday blitzes early in the hopes of jump-starting sales.

article thumbnail

Why Colette, TDE parent Marquee Retail Group is looking to expand

Inside Retail

It has opened 22 more stores – bringing the total today to 57 – and placed a strong emphasis on correcting the product range, pricing and promotional strategy. We’ve tried to be smart with our forward buying, we’ve [put] a lid on costs, and are making sure that we’re promoting a value offer.

article thumbnail

How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Caring about every dollar Mark Coulter, Temple & Webster co-founder and CEO, attributes the business’ strong start to the year to a change in consumer sentiment, as well as an enhanced focus on value – which is resonating with its customer base in a retail recession. You can see it in the items that are doing well.

Planning 246
article thumbnail

April Fools’ Day: worth the effort, or a waste of time?

Inside Retail

There are new platforms to join, memes to know, and trends to participate in, not to mention major retail events, such as Black Friday, Mother’s Day and other recurring holidays to promote. Simple message, an unthinkable new product, makes consumers stop and think and hopefully have a chuckle – something we all need at the moment.