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How Brands can Deliver More Value to Shoppers in 2023

Retail TouchPoints

In general, retailers are experimenting with a variety of promotional components to convey value, reduce the actual cost of products and win the battle for the customers’ wallet. They may also consider other triggers, such as individualized promotions based on customers’ historical average order values.

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Sweaty palms and bargain bins: Why consumers are flocking to dollar stores

Inside Retail

Discount stores are booming in post-Covid Europe as price-sensitive consumers seek out bargains amid inflation and the devastating impacts of the pandemic. Much of its focus is on what it calls “attractive discount markets” such as the UK, the Republic of Ireland and Spain. All consumers love a good bargain.

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NRF: Record numbers turn out to shop

Mass Relators

million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. Retailers saw a sizable uptick of in-store shoppers. Approximately 72.9

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Independence Day Trends: What Consumers Purchased Fourth of July 2023

Wiser

In fact, just this year, Salt Lake City, Utah made the switch over from fireworks to drones in order to promote safety after a record number of wildfires. Amazon Prime Day Since its inception in July of 2019, Amazon Prime Day has created fierce competition with 4th of July holiday sales and discounts.

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NRF: Consumers budgeting $875 for holidays

Mass Relators

“Retailers have been preparing for months to ensure their inventories will meet demand, while at the same time helping consumers maximize their budgets with shopping events and discounts running throughout the extended holiday shopping season,” according to Matthew Shay, NRF’s president and chief executive officer.

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How can department stores pivot ahead of a spending decline?

Inside Retail

Despite the significant drop in month-to-month department store spending, he said there was a $200 million increase in sales between December 2021 and 2022. 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.

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6 Ways Rising Costs are Impacting Consumer Behavior

Rangeme

As inflation continues and supply chain issues leave plenty of room on store shelves, shoppers are focusing more on value and availability when making purchasing decisions. Many are also turning to private-label brands to save money on their shopping bills. Shoppers are turning to discount stores for everyday needs.