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Analysis: How Australian department stores can thrive in a post-Covid world

Inside Retail

Those brands that have avoided bankruptcy have often been forced to undertake aggressive cost reduction and store closures. Department stores have been particularly impacted, with consumers forced online during the pandemic now choosing to buy direct from brands or from more price-competitive online marketplaces.

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2023 economy: growth rate slows as regulators battle inflation

Inside Retail

This has been good news for retail spending that is linked to social settings, such as clothing and shoes and department stores. The impact of higher interest rates on the housing market is apparent. Domestic travel has fully rebounded, with 27.7 Hospitality has had a resurgence as well.

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March spending intentions surge amid Australia’s economic rebound

Inside Retail

While the retail sector had been a standout in March 2020, as actual spending and spending intentions surged during the early stages of the pandemic, retail spending and spending intentions growth had stabilised in recent months.

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What Is Visual Merchandising?

Creative Displays Now

Visual merchandising is a marketing practice that retailers and consumer products companies use to capture people’s attention so they’re more likely to purchase something. This practice took off in the 19th century after department store window displays became popular. In-Store Shopping Experience.