Inside Retail

NOVEMBER 27, 2023

Retailers are hoping the Reserve Bank of Australia (RBA) will hold interest rates as they look toward a recovery in Christmas after experiencing minimal sales growth in October, driven by food-related purchases. Australian Bureau of Statistics (ABS) data showed that retail turnover amounted to $35.77 billion during the month, up 1.2

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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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Inside Retail

MAY 2, 2023

Trans-Tasman electronics retailer JB Hi-Fi says sales momentum continued to “moderate” during the third quarter from the previous elevated levels. For the three months to March 31, comparable sales in its Australian business were down 0.1 per cent while total sales grew 0.8 per cent.

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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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Management Consumer 241

Inside Retail

JULY 7, 2023

Inflationary pressures, rising operating and freight costs coupled with ballooning retail crime continue to test business survival, says Retail NZ. The retail body’s latest Retail Radar report revealed that half of all retailers surveyed are “not expecting” to meet targets again in the third quarter of this year.

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Inside Retail

FEBRUARY 6, 2024

Estee Lauder is set to lay off up about 3 to 5 per cent of its global workforce – equivalent to about 3100 jobs – after the company reported poor performance in Asia Pacific due to China’s slow rebound. Estee Lauder said the sales were affected by the challenges in Asia travel retail and ongoing slow demand in Mainland China.

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Inside Retail

APRIL 8, 2024

A surprise warning from Kering last month that first-quarter sales would be down by 10 per cent rather than 3 per cent expected by analysts has already cast a cloud over the reporting season. Its present 12 month forward price-to-earnings ratio of 16 compares with 24 for LVMH and 51 for Hermes, according to LSEG data.

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Inside Retail

MAY 10, 2023

At the same time, retail sales have receded for two consecutive months – constituting a consumer recession. However, retail associations including the Australian Retailer Association (ARA) and the National Retail Association (NRA) have commended announcements aimed at supporting businesses and consumers.

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Inside Retail

NOVEMBER 12, 2023

billion in sales for the six months to September, posting a 6 per cent year-on-year growth led by Asia Pacific. The luxury group said the slow pace of growth was influenced by the “uncertain macroeconomic and geopolitical environments”. The post Richemont posts moderate sales growth for H1 appeared first on Inside Retail Australia.

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Retail TouchPoints

AUGUST 8, 2022

Ecommerce juggernaut Alibaba isn’t immune to the economic forces weighing down other retailers, particularly as new lockdowns in mainland China dampen hopes for an imminent recovery. The Chinese tech firm has reportedly shed close to 10,000 employees in anticipation of an economic downturn, according to the South China Morning Post.

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Retail TouchPoints

APRIL 5, 2024

Retailers are always looking to improve their game, with an eye to increasing sales, reducing costs and maximizing profitability. Retail competition has increased from small upstart retailers to big box stores and peers, so the ability for retailers to improve on their game is more necessary than ever.

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Retail TouchPoints

NOVEMBER 13, 2023

August’s overall retail sales in the U.S. However, the overall data masks some key data points that may be of concern to retailers, including data showing declines in discretionary categories such as furniture (-1.0%) and sporting goods (-1.6%). That quote can be a guiding mantra for retailers heading into the Q4 shopping season.

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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 per cent, growth impacted by a slow start to seasonal apparel sales ahead of winter. Sales at Big W grew by 5.7 per cent increase division-wide.

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Inside Retail

MAY 3, 2023

Retail spending rose 5.4 Other retailing increased by 1.6 Australian Retailers Association (ARA) CEO, Paul Zahra, said overall retail sales are “slowing” as cost-of-living constraints increase. Further reading: Retail sales surge in February – but how much is inflation? per cent, department store sales at 4.7

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Retail TouchPoints

JANUARY 25, 2023

The retailer is adding new college degrees and certificates to its Live Better U (LBU) education program, available to part-time and full-time associates on their first day, for which Walmart pays 100% of tuition and fees. The retailer announced earlier this month that store associates also would be eligible for this program.

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Retail TouchPoints

DECEMBER 15, 2022

“We know that for busy families and young professionals, finding opportunities to slow down and live in the moment is a priority — that’s what inspired Text to Shop.”. Additionally, the retailer will reportedly soon be getting into the buy now, pay later space.

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Retail Gazette

SEPTEMBER 20, 2023

Official figures show slowing food prices were behind a surprise fall in inflation in August, with the cost of living now at its lowest level in a year and a half. Price rises for milk, cheese and eggs slowed the most, while fish and vegetable prices also eased. It is the third month in a row that the figure has dropped.

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Retail Wire

APRIL 28, 2023

Auto dealerships have seen sales slow down due to high prices and borrowing rates. AutoZone, another auto parts retailer, is expected to post a 4.3 percent same-store increase when it reports next month. AutoZone, another auto parts retailer, is expected to post a 4.3

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Inside Retail

JULY 14, 2021

The eroding effect of lockdown is likely to hit retail sales, according to research by NAB which predicts cashless retail sales to fall 1.1 per cent in June compared to a month prior. The post Lockdown likely to hurt retailers, as customer confidence fluctuates appeared first on Inside Retail.

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Inside Retail

AUGUST 14, 2023

For a number of years JB Hi-Fi’s annual sales results have delivered an unofficial barometer of the overall health of the retail industry. Smart noted that JB is still cycling an “unusual” period, but that the business’ position as a value retailer is helping it stay top of mind with customers. appeared first on Inside Retail.

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Retail TouchPoints

DECEMBER 18, 2023

After months of teetering on the brink of collapse , Farfetch has found a handhold in the form of South Korean ecommerce giant Coupang. Farfetch is a landmark of the luxury landscape and has been a transformative force in demonstrating that online luxury is the future of luxury retail,” said Bom Kim, Founder and CEO of Coupang in a statement.

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Inside Retail

APRIL 17, 2024

More than 850 retail leaders from over 60 countries gathered in Paris this week for the annual World Retail Congress. How services drive sales in Crate & Barrel stores Like many brick-and-mortar retailers, US furniture and homewares brand Crate & Barrel has been on a digital transformation journey in recent years.

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Inside Retail

SEPTEMBER 27, 2021

National retail sales fell 1.7 per cent in August compared to a month prior, and slowed 0.7 The data, care of the ABS, demonstrates the prolonged impact lockdowns around the country are having on the retail industry: clothing, footwear and personal accessories sales fell 17.4 Food retailing rose 2.7

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Retail Gazette

APRIL 5, 2024

Carpetright has called in advisers to help explore cost-saving measures as demand for the business slows and competition increases. The leading UK flooring retailer is understood to have appointed Teneo to look at various options in a move that could result in store closures, The Times reports. down from £493.2m

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Retail TouchPoints

AUGUST 3, 2022

While luxury brands have been dipping their toes into the NFT market, GameStop is the retailer seeking to make the biggest splash. The video game retailer launched a long-planned NFT marketplace in early July, but trade volume growth reportedly slowed during its first week, according to Ars Technica.

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Retail Times

MAY 2, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! This is due to inflation slowing in April and affected by an earlier 2024 Easter and a drop in general […] If you want more information Retail Times get in touch!

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Inside Retail

APRIL 10, 2024

Retail margins are under pressure from the continued cost-of-living crisis and subsequent decline in discretionary spending, driving many businesses to look for ways to reduce their costs. Reducing errors, freeing up resources According to DuMonet, there is a lot of variation in the back-end systems currently being used in retail.

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Retail TouchPoints

NOVEMBER 20, 2023

Several of the nation’s largest retailers, including Target , Macy’s , Gap and BJ’s Wholesale Club , struggled during Q3, with all reporting net sales declines and all but one showing a fall-off in comparable store sales. during the three-month period. billion for the three months ended Oct. Net sales for Walmart U.S.’s

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Inside Retail

JUNE 3, 2021

April’s online sales growth slowed to 1.4 In month-on-month terms online sales fell 3.7 In month-on-month terms online sales fell 3.7 As mentioned last month, part of this slowdown in year-on-year growth is a result of the base effects of the initial online spike in 2020,” Oster said.

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Inside Retail

FEBRUARY 21, 2023

For the six months to December 31, the company delivered $95 million in EBITDA, higher than it projected. The post Flight Centre Group revenue jumps 217 per cent in first half appeared first on Inside Retail. Group-wide total transaction value (TTV) grew 203 per cent to $9.89

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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%

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Inside Retail

AUGUST 1, 2023

Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said.

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Retail Focus

MARCH 5, 2024

Sitoo , a leading could-native Point of Sale (POS) and Unified Commerce Platform, has been recognised in the 2024 Gartner® Market Guide for Unified Commerce Platforms Anchored by POS for Tier 2 Retailers. Sitoo helps global fashion and lifestyle retailers create positive shopping experiences every time and everywhere.

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Inside Retail

JULY 7, 2021

Retail conglomerate Wesfarmers has reiterated its offer to turn some of its bricks-and-mortar locations into vaccination centres as Australia’s vaccine rollout picks up pace. We also continue to encourage our team to get vaccinated and they can use personal leave to attend appointments,” a spokesperson for the supermarket told Inside Retail.

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Retail Gazette

MAY 28, 2024

The British Retail Consortium (BRC) and NielsenIQ found prices were up 0.6% the previous month, marking the slowest rate since November 2021. for the month, representing the largest decline since 2021. This was helped by slowing food inflation, with fresh food inflation falling to its lowest level since November 2021.

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Inside Retail

MARCH 11, 2024

But it’s also a solution for retailers wanting to sell products through other retailers. Suppliers have gone from one distribution channel to hundreds within a couple of months. Other retailers will come to marketplaces to help source your products, saving the time and effort of scrolling through individual websites.

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Retail TouchPoints

JULY 5, 2022

Census Bureau found that ecommerce sales as a percentage of total retail sales declined slightly in Q1 2022 compared to Q4 2021, even though they grew 2.4% during the month compared to 13.4% Note again that many of the build decisions were made 18 to 24 months ago, so there are limitations on what we can adjust midyear.”.

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