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Chinese retailers’ pricing strategy risks ‘vicious cycle’ of low margins

Inside Retail

Andy Yang, a student in Beijing, recently went to Hailao Huoguo with friends and planned to switch from Haidilao in the long run. “I’m graduating next year but I still don’t have any good job offers. For me, the cheaper the better,” he said.

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The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

“[However,] we believe the discount variety sector presents a significant opportunity for growth over the medium to long term.” ” During the half, the company increased its retail prices on selected products to counter rising international shipping costs which were five times higher than pre-Covid levels.

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[Infographic] Brick-and-Mortar Retailers (Plus Chocolate) Drive Sales on Valentine’s Day

Wiser

Instead, 45 percent plan a date night and 24 percent spend the romantic night at home. 83% of shoppers buy their Valentine’s Day gifts at brick-and-mortar retailers. Perhaps online retail can gain a foothold into Valentine’s Day soon, but the odds are lower if chocolates, cards, and flowers remain the most popular gifts.