Inside Retail

AUGUST 29, 2023

While total food sales grew by 2.2 per cent compared to the previous year – predominantly attributed to rising prices rather than goods sold – Domino’s Pizza Enterprise EBITDA fell by 23.3 Price increases are reportedly off the table for the current financial year. However, sales in Asia were down by almost 8 percent.

Net Profit 246

Net Profit Consumer Marketing Management 246

Retail TouchPoints

MAY 16, 2023

comparable sales decline year-over-year. Total sales were $37.3 The declines were attributed to a slowdown following three years of “unprecedented growth” in which the retailer boosted its sales by over $47 billion , according to President and CEO Ted Decker. billion , down 4.2% from Q1 2022. billion due to weak demand.

Consumer 251

Consumer Marketing Store Operations ATS 251

Inside Retail

JUNE 28, 2023

Clothing, footwear, and accessories sales were up 4 per cent followed by department store sales at 3.4 Australian Retailers Association CEO, Paul Zahra, said sales growth for essentials like food is “largely attributable to inflationary price increases”. Shoppers spent $35.5 per cent, the ABS said.

Promotions 240

Promotions Department Stores Accessories Consumer 240

Inside Retail

AUGUST 21, 2023

With inflation and cost-of-living pressures rising, Coles says its Dropped & Locked value campaigns and own brand offerings boosted sales in FY23. For the 52 weeks to June 25, sales from continuing and discontinued operations reached $41.5 Supermarket sales reached $36.7 per cent, with online sales of $2.8

Supermarket 245

Supermarket Returns Shopping Planning 245

Inside Retail

JUNE 28, 2022

Seasonally adjusted Australian retail sales grew in May by 10.4 Sales of household goods rose at 0.4 Australian Retailers Association CEO, Paul Zahra advised that sales growth is unlikely to be sustainable and only reflects higher consumer prices as a result of inflationary pressures. per cent and 0.8 per cent increase.

Department Stores 264

Department Stores Accessories Consumer ATS 264

Retail TouchPoints

NOVEMBER 17, 2023

Retailers can expect that customers will turn to other vendors; once this happens, they’ve lost both the sale and the customer’s trust and loyalty. For example, if a customer ordered a certain brand of paper towels, substituting an alternative brand of equal quality and price is an acceptable solution.

Customer Experience 236

Customer Experience Inventory Management Fulfillment Inventory Turnover 236

Retail Wire

OCTOBER 5, 2023

Levi Strauss & Co has revised its annual forecasts downwards for the second time this year after falling short of third-quarter sales estimates. The denim giant attributed the slump to extensive promotions and declining sales in its North American wholesale channels.

Wholesale 113

Wholesale Promotions Consumer 113

Retail TouchPoints

JULY 10, 2023

Global ecommerce sales, representing 22% of all retail sales, could increase to $5.4 Generative AI can dramatically improve customer experiences and drive revenue by helping shoppers find the products that most match attributes of what they’re looking for today, not just what they have purchased in the past.

Merchant Services 270

Merchant Services Customer Retention Shipping Marketing 270

Retail TouchPoints

NOVEMBER 14, 2022

This sharp increase is attributed to surging demand for AI-powered retail solutions as the industry continues to undergo digital transformation. Competitive pricing. Competitive pricing is a key strategy to build customer loyalty and increase sales. billion in 2021 to $31.18 billion in 2028. Customer support.

Customer Experience 318

Customer Experience Marketing Promotions Returns 318

Retail TouchPoints

MARCH 7, 2023

While both chains are focused on value, Ross puts an emphasis on off-price apparel and home fashion, while dd’s Discounts’ assortment competes with department stores through a selection of in-season name brand apparel, accessories and footwear. ” Ross’ comparable store sales fell 4% year-over-year in Q4 2022, which ended Jan.

Planning 249

Planning Apparel Discount Store Department Stores 249

Retail TouchPoints

JANUARY 6, 2023

Today, people associate various things with the metaverse, but in most cases these include such attributes as viral, blockchain, VR, digital, etc. For retailers and brands, the introduction of the metaverse means yet another sales and communication channel with the consumers. What About Pricing in the Metaverse?

Consumer 312

Consumer Supermarket Marketing Accounting 312

Inside Retail

OCTOBER 31, 2023

Prada Group enjoyed higher net revenue in the first nine months of FY23 with Miu Miu delivering outstanding results, attributed to growing brand awareness and increasingly strong client relationships worldwide. Retail sales of Prada brand jumped 13 per cent, while Miu Miu surged 49 per cent. million. .

Wholesale 130

Wholesale Marketing ATS Accessories 130

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). increase in sales, while health and personal care stores saw a 0.7% Overall online sales fell 0.9%. Digital sales are expected to hit $1.3 to return fraud.

Returns 274

Returns Home Furnishings Department Stores Customer Experience 274

Retail TouchPoints

AUGUST 18, 2021

Grocery was a particularly bright spot for the company, with comparable sales up 6.1% Walmart’s ecommerce sales were up 103% from Q2 2019. Sam’s Club comparable sales increased 7.7% , while ecommerce sales grew 27% YoY. Target’s comparable sales grew 8.9% Walmart Posts Solid Ecommerce Growth. compared to Q.

Grocer 278

Grocer Advertising Fulfillment Shopping 278

Retail TouchPoints

SEPTEMBER 1, 2023

year over year, Dollar General CEO Jeff Owen revealed that the company was “not satisfied” with overall financial results for its Q2, which ended August 3, 2023. Dollar General reported a net sales increase of 3.9% billion, largely driven by positive sales contributions from new stores. These sales helped offset a 0.1%

Markdowns 236

Markdowns Apparel Planning Consumer 236

Retail TouchPoints

MARCH 1, 2023

REI also has updated supplier rules regarding pricing equity and inclusivity issues, saying the retailer “expects that all wearable products offered in a variety of sizes maintain the same price within a style regardless of size.”

Outdoor 234

Outdoor Consumer Planning 234

Inside Retail

AUGUST 22, 2023

billion with total food sales up by a meagre 2.2 per cent, driven by higher menu prices. million while net profit attributable to shareholders fell 74.4 I want to be clear to our customers facing cost of living pressures, we do not expect to pass on pricing increases this year.” Group revenue rose 3.4 per cent to $2.4

Net Profit 130

Net Profit Returns 130

Retail TouchPoints

DECEMBER 2, 2021

The off-price retailer announced plans for 1,050 new store openings, 1,750 store remodels and 100 store relocations; the launch of 1,000 pOpshelf locations by fiscal 2025; and the company’s entrance into Mexico with 10 stores in fiscal 2022. net sales increase for the quarter, reaching $8.5 Same-store sales decreased 0.6%

Planning 264

Planning Location Consumer Marketing 264

Inside Retail

JANUARY 29, 2023

In its preliminary half-year results, JB Hi-Fi attributed record sales to strong consumer demand, and its well-executed promotional strategies during Boxing Day and Black Friday. per cent increase to its group wide sales to $5.3 JB Hi-Fi’s sales grew by 9.1 JB Hi-Fi’s sales grew by 9.1 per cent and 16.1

Promotions 246

Promotions Consumer Target Market Marketing 246

Wiser

MAY 6, 2024

Although price intelligence is important, the true foundation of retail success lies in effectively curating a product assortment. Wiser’s extensive data collection provides crucial insights not only into pricing but more critically into product assortment.

Shipping 78

Shipping Promotions Marketing Consumer 78

Retail TouchPoints

JANUARY 14, 2022

Most experts expected holiday 2021 to be a digital success, and the season didn’t disappoint: global sales hit $1.14 sales reached $257 billion , up from $236 billion , according to data from Salesforce. Shoppers started early, with 30% of global holiday sales completed by Nov. trillion , up from $1.1 18 and Dec. 18-31 window.

Social Commerce 283

Social Commerce Fulfillment Drop-Shipping Payment Services 283

Inside Retail

APRIL 24, 2024

Reporting by the business media of retail sales and other economic data produced by governments in developing Asia is often too trusting. Officially then, China’s retail sales rose by 4.7 Online sales grew at a significantly faster pace than offline sales, which is consistent with evidence coming from individual retailers like Walmart.

Consumer 147

Consumer Accounting Planning Promotions 147

Inside Retail

MARCH 25, 2024

These collections tap into three key tenets that higher-end brands typically use to justify their higher price point: fashion-forward designs, higher-quality materials and sustainable values.

Fast Fashion 130

Fast Fashion Fashion Consumer Fulfillment 130

Retail TouchPoints

OCTOBER 11, 2022

online holiday sales to hit $209.7 In 2022, the impact of economic uncertainty, particularly in rising prices of non-discretionary expenditures like gas, food and housing, will rein in consumer spending. Black Friday is expected to generate 1% growth to reach $9 billion , while Thanksgiving sales will fall by $1 billion to $5.1

Apparel 260

Apparel Returns Promotions Accounting 260

Retail TouchPoints

JANUARY 5, 2023

Although there are signs that inflation is easing, higher prices and an uncertain economy continue to impact consumer behavior. Although many customers are “brand loyal,” given the economic environment, stressed consumers nowadays will most often make retailer and product choices with price as the main factor. Today’s Consumer Mindset.

Merchant Services 284

Merchant Services Promotions Consumer Discount Store 284

Inside Retail

DECEMBER 4, 2022

“Feedback from our retailers is that many shoppers have now changed their shopping habits to include local grocery, liquor and hardware stores,” he said, adding that keeping on-shelf prices highly competitive supported strong sales volumes across all pillars. Food sales – excluding tobacco – increased by 6.5

Consumer 246

Consumer Shopping Supermarket 246

Retail Gazette

MAY 1, 2024

Wickes has backed its full-year profit guidance despite warning trading remains “uncertain” as it posted a drop in first quarter sales. Retail sales edged up 0.6% during the period, which the retailer said was driven by volume with an increased number of transactions as selling prices saw “mild deflation”.

Marketing 59

Marketing 59

Retail TouchPoints

SEPTEMBER 28, 2020

The service adds a visual touch to a generally text-heavy search experience, enables you to show up multiple times in Google SERPs (search engine results pages) and can generally help bolster sales. So include as many relevant attributes as possible, such as the color, size, weight and material. of all clicks.

Shopping 188

Shopping Merchant Services Accessories Drop-Shipping 188

Retail Gazette

NOVEMBER 15, 2023

The news comes after the frozen foods supermarket said it would not be releasing a Christmas advert this year, to invest more in keeping prices low. Adjusted EBITDA dipped 16.8% to £105.8m, in the year to 24 March, however the frozen food specialist said this was at the top end of expectations.

Supermarket 119

Supermarket ATS 119

Retail TouchPoints

FEBRUARY 1, 2024

Even though inflation has been easing in recent months, a majority ( 70% ) of retail CFOs say they plan to raise prices in 2024 — although 60% said the price hikes would be slight rather than significant, according to the 2024 Retail CFO Outlook Survey from consulting firm BDO. Can Retailers Win a Pricing ‘Game of Chicken’? “We

Management 217

Management Planning Accounting Consumer 217

Inside Retail

AUGUST 17, 2022

As inflation and rising interest rates start to bite and reduce consumers’ spending capacity and confidence, Australian e-commerce sales declined sharply in July. . This trend is likely to continue over the next year where the majority of brand turnover growth is likely to come from price increases rather than sales volume growth.

Consumer 246

Consumer Promotions Location Shopping 246

Retail TouchPoints

MAY 11, 2023

The loss of margin was attributed to a decrease in average selling price driven by promotional activity, a higher mix of third-party sales and an estimated $1.2 The former DTC darling had a disappointing Q1 2023 in which net revenue dropped 13.4% year-over-year to $54.4 million , creating a net loss of $35.2

Wholesale 244

Wholesale Promotions Planning Management 244

Inside Retail

MAY 29, 2022

Year-on-year retail sales growth hit 9.6 Sales reached an estimated $33.9 Sales reached an estimated $33.9 Department-store sales recorded the slowest rise, of 5.4 While sales are increasing, so too are business costs, while staff shortages remain an ongoing concern.”. Household goods amassed a 7.4

Department Stores 130

Department Stores ATS 130

Retail Gazette

JANUARY 8, 2024

Matalan has invested £35m into lowering the prices on more than 700 products as it continues to support customers through the cost-of-living crisis. Matalan said the business was able to unlock the price cuts through a more collaborative buying and sourcing strategy and by passing on reduced input costs as inflation falls.

Markdowns 109

Markdowns Fashion Planning Management 109

Retail Gazette

MARCH 26, 2024

Ocado first quarter sales have surged 10.6% She added that Ocado had also expanded its own-branded range, lowered the price of 1,700 more products, and increased its general product and delivery slot availability. thanks to an uptick in customer numbers as it continues its investment into strengthening its product offering.

Grocer 111

Grocer Marketing ATS 111

Retail Gazette

JANUARY 10, 2024

rise in like-for-like sales over the golden quarter as its turnaround plan continues to bear fruit. The department store retailer saw UK sales surge to £3.6bn in the 13 weeks to 30 December, driven by market-leading growth in food and a strong performance in womenswear. M&S saw food sales rocket 10.5% to £2.3bn, up 9.9%

Department Stores 124

Department Stores Value Offer Planning Marketing 124

Retail TouchPoints

FEBRUARY 28, 2024

Winning toy of the year in Germany and the UK in 1979, LEGO Space helped drive a 50% increase in sales for LEGO that year. Here are just a few examples: Marketing Attribution model: This model helps in determining which marketing channels and campaigns are driving the most traffic and revenue.

Inventory Turnover 209

Inventory Turnover Supply Chain Management Store Layout Marketing 209