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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.

Consumer 130
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E-commerce sales fall as cost-of-living pressures hit consumers

Inside Retail

As inflation and rising interest rates start to bite and reduce consumers’ spending capacity and confidence, Australian e-commerce sales declined sharply in July. . About the author: Merline McGregor is GM at Pattern Australia. The post E-commerce sales fall as cost-of-living pressures hit consumers appeared first on Inside Retail.

Consumer 246
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Young adults are feeling the pinch – here’s how retailers are responding

Inside Retail

The report found that Australians between 25-29 were more likely to be in the rental or housing market, and were subsequently making the most significant spending reductions to afford rising costs. Volley content and marketing manager Anna Geason told Inside Retail that the usual Volley customer is usually aged between 35-44 years old.

Fashion 238
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What Is Visual Merchandising?

Creative Displays Now

This guide will explain visual merchandising and how to use it to promote your products. 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. Target Market. Visual Merchandising Explained.

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Elements of retail strategy – Retail like-for-likes bounce back after Brexit

Barber Design

Following a post-Brexit slump in consumer confidence which caused a corresponding slump in like-for-like sales, BRC-KPMG sales monitor report that sales have rebounded during July. In the first full month since the EU referendum result, like-for-like retail sales jumped by 1.1% Promotion-driven retail strategy.