Sun.Nov 27, 2022

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Retail spending increases, consumers wary as rising costs bites

Inside Retail

Retail spending increased 12.5 per cent in October as consumers spent $35 billion both in-store and online according to new data from the Australian Bureau of Statistics (ABS). While year-on-year sales growth was strong, retail turnover fell by a marginal 0.2 per cent compared to September, marking the first month-on-month fall this year. Clothing, footwear and personal accessories sales were up 32.8 per cent while cafes, restaurants and takeaway food services increased by 35.3 per cent.

Consumer 264
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Leaders: 11 Tips to Consider When a Key Employee Quits

Small Biz Trends

When one of your early employees decides to quit your new business venture, there are a lot of emotions to process and decisions to make. Depending on the size of your company, you might be scrambling to find someone to pick up their responsibilities — or worse, end up having to add more tasks to your already lengthy to-do list. To help you handle this difficult but common situation, a group of Young Entrepreneur Council (YEC) members answered the following question: “Especially when

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Louis Vuitton picks Shanghai for first furniture and homewares store

Inside Retail

Louis Vuitton on Friday announced plans to open a dedicated furniture and homewares store in Shanghai, a world first for the French luxury brand as it aims to expand further into lifestyle offerings to affluent Chinese clients. The appointment-only showroom, which will open on Monday, is located in a century-old three-storey mansion situated just behind Nanjing Road, the city’s premier upscale shopping strip.

Consumer 246
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LA Gives Retail Workers More Scheduling Control

VMS

The Los Angeles City Council may have given workers at large retailers there an early Christmas gift on Tuesday, when it passed a new law that requires such employers to give employees their work schedule at least two weeks in advance, according to the Los Angeles Times. The law, dubbed the Fair Work Week ordinance, also requires businesses to give workers at least 10 hours’ rest between shifts or provide extra pay for that work.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Why innovation-driven e-commerce is incompatible with monolithic platforms

Inside Retail

When e-commerce was born in the 1990s, this first generation delivered monolithic, all-in-one suites that became the paradigm of desktop-based e-commerce. Shopping was twofold: buy in-store or on the computer. How times have changed. Today’s consumers demand omnichannel shopping, lightning-fast website performance, Google-like search options and meaningful brand experiences.

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Successful start for food delivery robots on Cambridge streets

Talking Retail

Food delivery robots recently took to the historic Cambridge streets of as part of a new scheme by Cambridgeshire County Council, Starship Technologies and, Co-op. Following a popular pilot in nearby Cambourne earlier this year – with 98% of people saying they would recommend the delivery robots to their friends – the decision was made. This story continues at Successful start for food delivery robots on Cambridge streets.

ATS 72

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How Morespace tackled empty shops, vandalism and promoted local businesses

Inside Retail

The Merri-bek City Council in Melbourne’s inner north faced a few, prominent issues, particularly amid Covid-19 lockdowns. Among them were vacant shops and, with that, the prevalence of vandalism and graffiti. The solution – developed by design agency Your Creative in collaboration with the council – was Morespace, an interactive project that activates empty shop-spaces with exhibitions that highlight products made by local businesses and artists.

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Swedish watches and Danish charms: How Norbreeze Group sells Scandi chic

Inside Retail

After recently securing the exclusive distribution rights for Swedish watch brand Daniel Wellington in Singapore and Malaysia through its subsidiary, Cocomi, Asian retail specialist Norbreeze Group is on an upward trajectory and looking to drive further growth by expanding to new markets in the region. “We have certainly come out of the pandemic era in a much stronger position.

Marketing 130
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Strategies to increase your value, without decreasing your prices

Inside Retail

Towards the end of last year, my family decided it was time to move house. With two kids under 3 who’d lived most of their lives within our shared-block unit and the surrounding five kilometres, it was time for more space. Just as we signed the agent contracts, we heard news of interest rates increasing in the near future. We also noticed the amount the bank would pre-approve us for decreased with each meeting.

Consumer 130
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Inside Zero Co’s century-long mission to clean up the world

Inside Retail

Earlier this month, circular home goods brand Zero Co launched an ambitious new project called the ‘100 year cleanup’, which sets out to fund large-scale rubbish removal over the next century. The plan, according to Zero Co founder and chief executive Mike Smith, is to raise $1 million every year – from sponsors, customers, and industry peers – which will fund the removal of plastic to the scale of 15 million water bottles annually.

Fashion 246
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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.