Retail TouchPoints

DECEMBER 23, 2022

The post-COVID-19 retail recovery hasn’t quite gone according to plan. With consumers pulling back on spending due to rising prices, retailers must evolve as well. With consumers pulling back on spending due to rising prices, retailers must evolve as well. Retail is already changing.

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Drop-Shipping Shipping Accounting Management 217

Inside Retail

DECEMBER 1, 2022

At a vast warehouse in the southern Dutch city of Roosendaal, automated cranes and driverless vehicles silently stack clothes for the French and Italian stores of retailer Primark, reducing the need for hard-to-come-by labour. Across the region different retailers are taking different approaches. Image: Reuters.

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Retail Wire

AUGUST 5, 2022

2019 and June 2022 when inflation was factored in. Retail and hospitality were the two industries where workers came slightly out ahead of the rate of inflation. Retail workers’ pay was up 0.2 The average worker’s pay shrank 1.2 percent between Dec.

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Retail Wire

FEBRUARY 15, 2023

Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared to expectations for a rise of 1.9%, the Commerce Department reported Wednesday.

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365 Retail

MARCH 25, 2024

“Fierce” competition for cash-strapped shoppers among retailers was cited by the British Retail Consortium (BRC) in February 2024 as one of the main reasons for the BRC-Nielsen Shop Price Index showing its lowest reading since March 2022. Retail systems desperately need an upgrade.”

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Promotions Supermarket Planning Management 67

365 Retail

NOVEMBER 27, 2023

Inflation remains a huge problem for consumers reticent to spend and retailers struggling to stay afloat. While the rate of inflation is in slight decline, it is still more than three times the BoE’s 2% target. in August according to figures published by the British Retail Consortium. in September, down from 6.9%

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Marketing Shopping Accounting Customer Experience 62

365 Retail

SEPTEMBER 6, 2022

Inflation is currently a huge problem facing UK businesses. In fact, around 97% of businesses recently stated inflation as their biggest cause for concern as the Bank of England has warned that the rate is expected to grow higher by the winter. The retail industry, in particular, has a lot of reasons to worry.

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Advertising Promotions Consumer Marketing 104

Retail Customer Experience

NOVEMBER 23, 2023

Brands and retailers must adapt their strategies to retain shopper loyalty amidst inflationary pressures.

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Retail Dive

JANUARY 13, 2023

The holidays led many consumers to buy more discretionary items, but they’re likely going to remain careful about their spending this year.

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Consumer 113

Inside Retail

MAY 8, 2024

Super Retail Group saw its sales inch up across the majority of its brands as it opened 20 stores but closed four during the first 43 weeks of the year. The post Super Retail Group’s sales only slightly up despite 20 new stores appeared first on Inside Retail Australia. per cent base pay rate increase next year, a 3.25

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Retail TouchPoints

APRIL 10, 2024

Treasury, but even as that money faded, lockdowns hurt retailers and inflation took hold, consumers took it in stride and kept spending. Consumers again and again have propped up the economy, fueling consistently strong growth in ecommerce and giving the retail industry an important edge in otherwise dark times. in January.

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Inside Retail

OCTOBER 3, 2023

Both the National Retail Association (NRA) and the Australian Retailers Association (ARA) welcomed the Reserve Bank of Australia’s (RBA) decision to leave the cash rate target unchanged at 4.1 ” The NRA hopes the RBA will start easing interest rates in the New Year so retailers can enjoy their profits from the sales period. .

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Returns Consumer ATS 278

Retail TouchPoints

MAY 6, 2024

Seven years into its most recent comeback, teen fashion retailer Rue21 has filed for its third bankruptcy, citing “the continued growth of online shopping, industry competition, inflation and macroeconomic headwinds.” The retailer’s website currently displays a message that it is being updated, with no further information provided.

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Inside Retail

MAY 13, 2024

It’s tough out there for many retailers – you don’t need me to tell you that. Retail trade figures are still steady if not slightly growing at the overall level. Unfortunately, the combination of these challenges has proved too much for some retailers. The natural question all of this spurs is ‘What can we do about it?’

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Consumer Advertising Marketing Shopping 277

Retail TouchPoints

JULY 26, 2022

With rising gas prices, food shortages, skyrocketing interest rates and ever-present inflation, consumers are worried and that means retailers are worried, too. In the face of these challenging factors, the stars are aligning to deliver another “unprecedented” holiday season for the retail industry.

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Inside Retail

APRIL 18, 2023

million over the Easter trading period, according to Westpac DataX research, reported in conjunction with the Australian Retailers Association (ARA). per cent year-on-year inflation rate. This year’s Easter sales were driven by food retailing contributing $3.6 per cent, followed by other retailing at 3.9

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Department Stores Accessories Consumer Shopping 246

Inside Retail

MAY 1, 2023

Retailers and hospitality operators will be worried by today’s 0.25 Markets were caught by surprise by the Reserve Bank of Australia’s decision to increase the rate given inflation has been easing in recent months. The RBA will be coming towards the end of this raising cycle, but another raise is likely in winter,” he said.

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Consumer Marketing ATS 246

Inside Retail

JULY 3, 2023

per cent in July, offering some leeway for retailers to settle amidst inflationary pressures. He added that RBA will continue to “pay close attention” to developments in the global economy, trends in household spending and the forecasts for inflation and the labour market.

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Inside Retail

FEBRUARY 14, 2023

However, the company says its retail business will soon face headwinds due to ongoing inflation and interest rate hikes. The retail business of Wesfarmers comprises Bunnings, Officeworks, and the Kmart Group – which includes Kmart, Target and Catch. Officeworks’ revenue increased 3.7 per cent to $1.65

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Planning Consumer Marketing Discount Store 264

Inside Retail

MARCH 6, 2023

Today’s Reserve Bank interest rate rise will force some local businesses – especially small retailers – to close, says National Retailers Association CEO Greg Griffith. In fact, the cause is inflated costs hidden in the data. “It The bank raised the official cash rate (OCR) another 0.25 per cent, taking it to 3.6

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Finance Consumer ATS 246

Retail Gazette

APRIL 2, 2024

UK shop price inflation in March fell to the lowest level since December 2021 as retailers battled to win shoppers, the latest BRC-NielsenIQ Shop Price Index found. Driven by falling food costs and competition between retailers amid the cost-of-living crisis, the rate eased to 1.3% Non-food inflation fell to 0.2%

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Shopping Promotions Supermarket Consumer 123

Retail TouchPoints

DECEMBER 26, 2023

year-over-year increase in both online and in-store retail sales, according to the Mastercard SpendingPulse , which measures sales across all forms of payment and is not adjusted for inflation. Preliminary data for the period from Nov. 24 showed a 3.1% The data also excludes automotive sales. increase for this period. compared to 2022.

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Jewelry Payment Services Promotions Apparel 296

Inside Retail

NOVEMBER 6, 2023

A shock Melbourne Cup Day rise in the official cash rate has drawn scorn from retailers and commentators. Christmas and the holiday season are when discretionary retailers make up to two-thirds of their profits to sustain them during the winter months and hence, they will be devastated by today’s decision.

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Consumer ATS 264

Inside Retail

APRIL 17, 2024

Meanwhile, Banducci said Woolworths is seeing falling rates of grocery inflation and will continue to work hard to ensure this. This margin has remained consistent over the last five years, it did not increase with the rise in inflation. Much of that goes back to Australian households in the form of superannuation and dividends.

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Supermarket Returns Marketing ATS 256

Inside Retail

JULY 12, 2023

Australian small retailers are failing to meet their financial benchmarks, as softening consumer spending, rising wages, and inflation threaten business survival. The survey studied 400 retailers nationwide with retail turnovers of below $50 million between May and June.

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Inside Retail

MARCH 1, 2023

Retail theft has hit record levels in Australia, government statistics show, putting pressure on grocery giants Woolworths Group Ltd and Coles Group Ltd that are already struggling with soaring supply costs and freight blockages. Neither state’s data specified which retailers reported theft. Store theft rose 23.7

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Supermarket Payment Services Shopping ATS 356

Inside Retail

MARCH 27, 2024

Taylor Swift’s The Eras Tour concert helped drive retail sales to a modest increase in February, according to the Australian Bureau of Statistics. February retail spending totalled $35.8 This led to increased spending on clothing, merchandise, accessories and dining out,” ABS head of retail statistics Ben Dorber said.

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Accessories Department Stores 249

Inside Retail

AUGUST 22, 2023

per cent, reflecting elevated inflation. The retailer has begun rebranding Countdown Supermarkets to Woolworths New Zealand and has started transitioning its Onecard loyalty program to Everyday Rewards. billion profit, despite consumers cutting back appeared first on Inside Retail. Group sales reached $64.3 billion, up 5.7

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Retail TouchPoints

DECEMBER 27, 2022

retail sales excluding automotive increased 7.6% The index, which was not adjusted for inflation, measured in-store and online retail sales across all forms of payment. of total retail sales, up from 20.9% Inflation altered the way U.S. Inflation altered the way U.S. year-over-year for the period from Nov.

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Accounting Consumer Shopping ATS 271

Retail TouchPoints

DECEMBER 16, 2022

Retail sales fell 0.6% The decline occurred despite muted inflation of just 0.1% , according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). However, food and beverage retailers reported a 0.8% However, there is some good news for retailers. from November 2021, according to Commerce Department data.

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Returns Home Furnishings Department Stores Customer Experience 279

Retail TouchPoints

AUGUST 10, 2022

Retailers are facing a dilemma. Record inflation is forcing unwanted price increases while eroding already frayed consumer loyalty, hitting their bottom lines. Retailers can escape inflation’s grasp, and counter revenue erosion — but to do so, they must look far beyond their balance sheets. compared to May 2021.

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Consumer Customer Experience Promotions Fashion 254

Inside Retail

MAY 1, 2023

That’s marginally ahead of the 7 per cent inflation rate during the same three months but higher growth than archrival Coles reported last week at 6.5 Looking ahead, we’re seeing signs of overall inflation moderate in food. The post Woolworths sales growth beats inflation, as CEO pledges value focus appeared first on Inside Retail.

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Wholesale Apparel Promotions Customer Experience 263

Inside Retail

DECEMBER 18, 2023

Shoppers in Australia will spend an additional $9 billion during the final week before Christmas, according to the re-forecast by the Australian Retailers Association (ARA), in conjunction with Roy Morgan. The post ARA predicts $9 billion spendathon over the last week before Christmas appeared first on Inside Retail Australia.

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Accounting 317

Inside Retail

JANUARY 29, 2024

Trans-Tasman vacuum retailer Godfreys has collapsed into administration and is expected to shut down 54 stores as well as cull 193 jobs. The retailer operates 141 stores with more than 600 employees across Australia and New Zealand, while franchisees run an additional 28 stores.

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Consumer 277

Inside Retail

MAY 14, 2024

Demand for charity aid is rapidly increasing amid the ongoing cost-of-living crisis in Australia, but retailers have the power to offer a helping hand and simultaneously solve their costly $2.5 Partners with benefits For retailers, the problem with holding deadstock doesn’t stop at the opportunity cost. billion in rent assistance.

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Wholesale Management Consumer Department Stores 304

Retail Focus

NOVEMBER 25, 2022

One area being watched with baited breath is the retail sector. In 2020, retailers were hit hard by the pandemic, but those that adapted to ecommerce and home delivery fared well throughout lockdowns and into the post-Covid recovery period. With a whole new danger hitting consumers – inflation – will the same be true?

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Inside Retail

JUNE 22, 2023

Australia is currently in the midst of a “retail recession” with real retail turnover experiencing a decline over two consecutive quarters. With high inflation and climbing interest rates, consumer sentiment is set to plunge further, with retail spending set to decline in the June quarter.

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