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Woolworths’ first-half profit increases as customers return to stores

Inside Retail

per cent as customers across all businesses returned to in-store shopping. billion driven by an increase in-store shopping while WooliesX sales (including e-commerce) fell 6.3 billion driven by then PFD division’s strong sales growth and market recovery in the half as well as an increase in supply chain provisions.

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Aldi launches Corner Store in convenience push

Inside Retail

The new store layout is designed to support smaller-basket, convenience-driven purchases, in contrast to the traditional big-box Aldi supermarket typically frequented by consumers for larger shopping trips. Reports of the new store concept circulated in May after the retailer submitted an application to North Sydney Council.

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How Brands can Deliver More Value to Shoppers in 2023

Retail TouchPoints

Loyalty programs, as well as strategically deployed marketing tactics, can help retailers win over hesitant consumers. respondents said rising inflation had affected their shopping habits, which included actions such as shopping at discount stores and consolidating shopping trips to save costs.

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Retailers’ Big Opportunity? ‘Create New Shoppers,’ Advises Kantar SVP

Retail TouchPoints

consumers to return to some version of normalcy, global sentiment is still mixed, according to Kantar’s Wave 9 survey of more than 10,000 people across 20 countries. Anxiety rates undoubtedly influence consumer behaviors, especially shoppers’ willingness to return to large physical spaces such as malls.

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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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How can department stores pivot ahead of a spending decline?

Inside Retail

Mortimer explained that the quick drop can be attributed to the long lead times for deliveries, and that Christmas shopping is mostly done in November. I think we’ll start to see a return to normality,” Mortimer told Inside Retail. “It’ll But, he added that it’s a shrinking market. Shopping centres do that today.

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Valentine’s Day spending to hit $23.9 billion

Mass Relators

Demand for gifts of experience, such as tickets to a concert or sporting event, has also returned to pre-pandemic levels, with 41% saying they would “love to receive a gift of experience,” up from 36% last year. billion appeared first on MMR: Mass Market Retailers. Total spending on jewelry is estimated at $6.2 billion, up from $4.1

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