Inside Retail

JANUARY 29, 2024

For many retailers, the stretch from January to October can be financially challenging, with the aim to break even or achieve slight profit margins in November. While this might lead to a spike in short-term sales, it’s a strategy that can erode long-term profitability and dilute brand value.

Payment Services 130

Payment Services Customer Experience Accounting Planning 130

Retail TouchPoints

JANUARY 3, 2023

With shrinking margins, economic uncertainty, and growing cyber risks from automated threats, retailers face continued challenges in 2023. Becoming proficient at navigating these obstacles is key to protecting retail profits. Bad Bots are Siphoning Profits. Five Key Automated Threats Impacting Retailers’ Bottom Line.

Merchant Services 281

Merchant Services Payment Services Accounting Checkout 281

Inside Retail

NOVEMBER 26, 2023

Retailers worldwide have battled slowing conditions, with Australian footwear giant Accent Group and American fashion brand Guess recently highlighting the impact lower consumer confidence is having on the wider market. “The online retail sector is one of the few where the consumer is a bit more in the driver’s seat.

Merchant Services 260

Merchant Services Consumer Fashion Shopping 260

Wiser

NOVEMBER 20, 2023

One of the key calendar dates that looms for online brands and retailers is Black Friday. The day after Thanksgiving has traditionally marked the start of the holiday shopping season and continues to be a significant event for the retail industry. percent average discount, closely followed by Best Buy and Amazon.

Inventory Management 147

Inventory Management Management Promotions Shopping 147

Inside Retail

DECEMBER 7, 2023

After nearly 30 years as a privately held business, pharmacy retail giant Chemist Warehouse is ready to list on the Australian Securities Exchange (ASX). This move would make the retailer more attractive to investors, as it would allow for high margins with a triple threat business model of wholesale, distribution and retail.

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Wholesale Marketing Retail Marketing Planning 245

Retail TouchPoints

APRIL 25, 2024

Retail media networks (RMNs) are rapidly becoming one of the most lucrative digital ad formats, with predictions suggesting that by 2028, RMNs will contribute to 15.4% How can retailers capitalize on this shift and the emerging market opportunities? of all ad revenue , outpacing television advertising.

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Advertising Grocer Marketing Consumer 204

Retail TouchPoints

MARCH 27, 2023

As it continues its laser focus on profitability, luxury resale platform The RealReal is “deemphasizing” the direct sales side of its business to focus on its more profitable consignment operation. At the same time, The RealReal has been under increasing pressure from shareholders to become profitable as its share price has nose-dived.

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Planning ATS Marketing 247

Retail Gazette

APRIL 9, 2024

Home Bargains owner TJ Morris has posted a rise in sales and profit as it pushes ahead with its expansion plan. The Liverpool-based discounter saw its turnover jump 10.2% Pre-tax profits rose 12.4% from £3.4bn to £3.7bn in the year to 30 June 30, according to accounts filed with Companies House.

Planning 112

Planning Accounting Shopping ATS 112

Inside Retail

NOVEMBER 7, 2023

Not-for-profit store operator Community Enterprise Queensland (CEQ) is the sole grocery and retail provider for many remote communities located across northern Queensland and the Torres Strait Islands. So it’s retail, but not as anyone else knows it.” In many cases, “we’re the only store in town,” he said.

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Kiosk ATS Supermarket Location 277

Inside Retail

MAY 9, 2024

And it is becoming increasingly apparent that the government, retail industry and consumers will all need to play a part in easing the current economic circumstances. The nationwide drop in consumer spending due to the rising cost of essential goods and services has created a prevailing narrative of greedy price-gouging retailers.

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Consumer Accounting ATS Shopping 278

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 201

Retail TouchPoints

OCTOBER 23, 2023

While discounts and deals will be core, the ailing department store chain is also prioritizing in-store merchandising and curation to improve the customer experience. To make finding the perfect gift even easier, Kohl’s has developed a new front-of-store experience, aptly called Gift Shop, that is curated for various holiday gifting needs.

Net Profit 222

Net Profit Department Stores Promotions Checkout 222

Inside Retail

NOVEMBER 22, 2022

Discount fashion retailer Best & Less Group (BLG) has reported a “slow start” to its summer trading although expects a “strong finish” to the first-half in terms of profitability. The post Summer’s slow start slows Best & Less’ sales appeared first on Inside Retail. Sales are up 22.8 per cent to $622.2

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Value Offer Fashion Shopping Accessories 246

Retail TouchPoints

SEPTEMBER 1, 2023

Although Placer.ai’s quarterly index for Q2 2023 found that store traffic for discount and dollar stores were up 4.7% Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. The retailer also saw a staggering 24.2% drop in operating profit to $692.3

Markdowns 226

Markdowns Apparel Planning Consumer 226

Inside Retail

APRIL 26, 2024

While the sudden grocery discounts have presumably been introduced to appease consumers during the allegations of price gouging, and ongoing inquiries by the Australian Competition and Consumer Commission (ACCC) and the Senate, some of the promotional materials to advertise the savings have left consumers and independent watchdog Choice confused.

Supermarket 147

Supermarket Promotions Advertising Consumer 147

Inside Retail

APRIL 12, 2021

More than ever, brand marketers are under increasing pressure to reduce reliance on sales, discounting, offers and panic-promotions that undermine profit margins. But with competition fierce, and consumers holding all the purchase power, what can the modern marketer do to reduce discounting tactics while maintaining sales and revenue?

Consumer 246

Consumer Marketing Promotions Returns 246

Inside Retail

NOVEMBER 21, 2023

Chinese discount variety store Miniso posted unaudited revenue of US$519.6 The company’s gross profit rose 60.2 The post Miniso records “best quarter” yet as revenue soars 37 per cent appeared first on Inside Retail Australia. million for the September quarter, representing a 36.7 per cent year-over-year increase.

Marketing 246

Marketing Location 246

Retail TouchPoints

AUGUST 30, 2023

In today’s challenging business landscape, where profit margins are shrinking, supply chains are slow and uncertain, labor shortages are prevalent and inflation is a concern, it is crucial for retailers and brands to differentiate between understanding customer habits and fostering customer loyalty in order to succeed.

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Checkout Shipping Customer Experience Point of Sale 205

Inside Retail

MARCH 14, 2024

Etri emphasised that Skippy’s intention and business strategy is to move volume, so it passes on savings from suppliers and doesn’t use large markups to drive profit. Regulatory reforms, such as divestiture powers and profit limitations, have been suggested to address market concentration. per cent overall of all FMCG retail sales.

Supermarket 263

Supermarket Accounting Grocer Checkout 263

Retail TouchPoints

JANUARY 8, 2024

Ever since a bold, mob-style group ransacked a California Nordstrom , we’ve seen increasing news of retail theft and loss. We’ve also witnessed an increase in retail earnings reports that cite shrink and organized retail crime (ORC) as the cause for reduced profitability compared to previous quarters. Similarly, 57.8%

Loss Prevention 203

Loss Prevention Returns Point of Sale Shipping 203

Retail TouchPoints

MAY 30, 2023

Shoppers have gotten smarter about pricing strategies; they also have an arsenal of tools and options at their disposal for saving big on almost any purchase — from loyalty programs to partner marketing, to cash back incentives, bundle deals, discounts and price-watching intelligence from sites like CamelCamelCamel.

Consumer 232

Consumer Marketing Promotions Shopping 232

Inside Retail

MARCH 3, 2024

Customer loyalty and membership are a valuable asset for many reasons, so it should come as no surprise that retailers are honing their attention on this space, with the current economic climate and cost-of-living pressures here for the long haul. Similarly, Woolworths Group is leveraging its Everyday Rewards program to drive business growth.

Supermarket 130

Supermarket Net Profit Department Stores Checkout 130

Wiser

SEPTEMBER 5, 2023

When it comes to online retail, pricing strategies can make or break a business’s success. Among these strategies, two stand out as particularly effective tools for driving conversions: discounts and free shipping. Discounts have been a traditional marketing tactic for as long as commerce itself has existed.

Shipping 148

Shipping Payment Services Returns Consumer 148

Retail TouchPoints

SEPTEMBER 1, 2022

The price hike could boost income for Walmart as shoppers look for bulk discounts to help offset inflation. In a letter to members, Sam’s Club CEO said the retailer is “mindful of the financial pressure on wallets right now.” The announcement followed a strong quarter for Sam’s Club, with comparable sales rising 9.5%

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Apparel Planning Store Operations ATS 259

Inside Retail

DECEMBER 19, 2023

A shift in Chinese retailers’ strategy toward lower-priced goods and services to win cost-conscious consumers risks embedding the country’s recent deflationary trends more permanently into the world’s second-largest economy. This stands to create more headwinds for China’s stuttering post-Covid recovery.

Retailing Pricing 263

Retailing Pricing Discount Store Consumer Supermarket 263

Inside Retail

AUGUST 3, 2023

New ABS data has revealed a third consecutive quarter of declining retail sales measured by volume, effectively showing the nation’s ‘retail recession’ has now extended to nine months. Volume data excludes the impact of inflation on retail sales, which have been trending up for much of this year.

Department Stores 246

Department Stores Apparel Promotions Consumer 246

Wiser

FEBRUARY 21, 2023

The prices you set can affect the number of sales you get, your profits, and even your brand perception. Two popular choices when forming your pricing strategies are rebates and discounts. What Is a Discount? Discounts are applied at the point of purchase so that the shopper pays the discounted amount when checking out.

Payment Services 158

Payment Services Returns Promotions Marketing 158

Wiser

MAY 8, 2024

In today’s competitive retail landscape, the ability to effectively manage trade spend is critical for brands aiming to drive profitable growth and enhance consumer engagement. Rebates: Manufacturers provide rebates to retailers based on sales performance, motivating them to sell their product.

Accounting 78

Accounting Promotions Returns Management 78

Inside Retail

OCTOBER 23, 2023

As China’s economy grapples with the aftermath of the pandemic, e-commerce giants Alibaba and JD.com are pulling out all the stops for their annual Singles Day shopping festivals, with both players set to unleash an unprecedented level of discounts and deals. And what does it mean for the broader retail landscape in China?

Merchant Services 130

Merchant Services Promotions Consumer Shopping 130

Retail TouchPoints

MARCH 3, 2023

While the 2022 holiday season was an overall success , the specter of a potential recession was clearly looming over the retail industry in the final months of the year. That pressure can be felt in the Q4 2022 results and fiscal 2023 outlooks released by a multitude of retailers this week. during Q4, but they were up 0.6%

Markdowns 261

Markdowns Operating Expenses Department Stores Planning 261

Retail TouchPoints

OCTOBER 16, 2023

The end result isn’t just a better experience for shoppers (because you’re adapting pricing and promotions to their own unique perceptions of value); it also enables retailers to increase margins among consumers who may not be as price-sensitive as others. But Pavich noted that retailers shouldn’t price items based solely on these rules.

Markdowns 297

Markdowns Promotions Merchant Services Marketing 297

Inside Retail

FEBRUARY 16, 2022

In an ASX announcement, the discount retailer has announced that sales for the half were estimated at $424.7 Gross profit landed at $178.8 However,] we believe the discount variety sector presents a significant opportunity for growth over the medium to long term.” million, down by 2.2

Shopping 245

Shopping Shipping Retailing Pricing Planning 245

Inside Retail

AUGUST 23, 2023

Discount retailer The Reject Shop has returned to profitability in FY23 as cash-strapped customers shop for lower-priced goods. Tax-paid profit grew 63.4 Cahn said the priority of FY24 is to continue growing sales by executing the retailer’s new merchandise strategy and continuing to expand its national store network.

Shopping 130

Shopping Returns Location Planning 130

Inside Retail

MAY 24, 2023

per cent and last year’s loss being transformed into a respectable profit. However, as it bucks the general direction of the market and stands in marked contrast to the more negative results of many other discretionary retailers, it is an exceptional level of performance. As a stand-alone set of numbers this is a very solid outcome.

Apparel 243

Apparel Marketing Consumer Management 243

Wiser

NOVEMBER 16, 2023

Competitive pricing is a crucial element for anyone in retail. It identifies and tracks the promotional strategies employed by competitors, including sales, discounts, and special offers. This data is used to justify requests for additional funding to support local discounts. Swift action prevented further revenue loss.

Promotions 148

Promotions Outdoor Payment Services Marketing 148

Inside Retail

OCTOBER 6, 2023

For retailers dealing with global customers and suppliers, the cost of international payments can significantly impact their bottom line. per cent away in fees, ultimately impacting profitability. The challenge with sales is that discounting can become a race to the bottom,” said Lissiman. “If It’s a difficult market out there.

Payment Services 130

Payment Services Finance Accounting Accessories 130

Inside Retail

APRIL 23, 2023

It’s no secret that the cost of acquiring customers online has gone up in recent years, and with shoppers expected to rein in their discretionary spending in the months ahead, retailers must consider ways to optimise the process of attracting and converting customers to continue to grow. It was just over our target.

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Drop-Shipping Advertising Shipping Payment Services 230