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Australia’s retail sales growth can’t last. Here’s how to prepare for it

Inside Retail

The latest retail sales figures are really quite incredible. According to the Bureau of Statistics (ABS), retail sales rose by 0.6 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 per cent bump.

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Price, not volume, driving Australian retail sales growth

Inside Retail

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens. per cent.”.

Insiders

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Three practical solutions to drive brilliant customer engagement

Inside Retail

As we know, today’s consumers are doing much of their shopping online. The number of touchpoints to reach them and the amount of data being generated, continues to skyrocket, which can sometimes make for a very disjointed customer engagement strategy. . billion on online retail , accounting for around 13.2

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What retailers need to know about consumer spending this Ramadan

Inside Retail

After a month of fasting from 23 March to 21 April, Eid al-Fitr, the festival of breaking the fast, will be celebrated for around two days, and will most likely lead to an increase in retail sales. Sales figures continued to rise during Ramadan until approximately one week before Eid.

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GoTo and Alibaba lead the charge in Asia-Pacific’s booming retail market

Inside Retail

Leading market research firm Euromonitor International has just unveiled its 2023 rankings for the Top 10 fastest growing and biggest retailers in Asia Pacific, with Indonesia’s GoTo stealing the spotlight. Meanwhile, Chinese e-commerce behemoth Alibaba reigned supreme with a retail value close to half a trillion U.S.

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How Influencers Can Increase Your Retail Sales

Retail Bound

Influencer marketing is a form of marketing where businesses partner with social media influencers to promote their products or services. Retail-specific influencers play a significant role in promoting products and driving sales for brands at specific retailers.

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How Color Psychology Influences Retail Sales

Creative Displays Now

By understanding the psychological impact of colors, retailers can create an atmosphere that resonates with consumers to boost engagement and prompt in-store sales. Color Psychology in Marketing One interesting aspect is how marketers work to balance these psychological triggers with the retail branding in the store.

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