Inside Retail

DECEMBER 19, 2023

Airbnb Ireland may pay as much as $30 million in penalties and compensation after the company admitted it misled customers about the currency of the prices on its accommodation booking platform. Airbnb already rectified the currency on its platform, with US prices denoted as USD, effective August 31, 2021.

Consumer 262

Consumer 262

Inside Retail

AUGUST 31, 2023

Pet Circle has paid fines worth $26,640 for stating misleading prices of pet supplies on its website to two customers, the Australian Competition & Consumer Commission (ACCC) reported. This requires retailers to accurately reflect the prices of goods sold on their websites,” Carver said.

Display 256

Display Consumer Marketing 256

Inside Retail

AUGUST 27, 2023

Further reading: As food prices soar, retailers face a discretionary spending downturn The post ‘Unavoidable’ price increases drive retail spending growth in July appeared first on Inside Retail. To ease their budgets, Zahra said shoppers are cutting back on spending and are instead opting for value options. “The

Department Stores 246

Department Stores Accessories Accessories Retail Sales 246

Retail Focus

AUGUST 3, 2021

According to the United Nations’ Food and Agriculture Organization (FAO) food price index, global food prices rose consecutively for the 12th month in May 2021, reaching its highest level since May 2014. Some of the most dramatic price rises came in sugar, which in May 2021 were up nearly 60% from April 2020.

Strategy 246

Strategy Promotion Balance Engagement 246

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. The post Pricing and consumer perception: Why fast-fashion brands launch premium ranges appeared first on Inside Retail Australia.

Fashion 130

Fashion Consumer Strategy Contrast 130

Inside Retail

SEPTEMBER 6, 2022

Retail prices increased 4.8 per cent through the year to the June quarter with the largest price rises seen in food and household goods. “On On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens. “On per cent price growth.”.

Retail Sales 246

Retail Sales Apparel Department Stores Line 246

Inside Retail

FEBRUARY 22, 2023

Discount retailer The Reject Shop says consumers are gravitating towards low-priced consumables due to inflation. The business says consumers prefer “non-discretionary low-priced consumables” ahead of more discretionary products as general merchandise sales were softer than normal. per cent to $439.7 Tax-paid profit grew 6.2

Consumer 246

Consumer Shopping Merchandising Location 246

Inside Retail

JULY 25, 2023

Kmart recently announced that it was dropping prices for over 1,000 items in order to address the growing cost of living challenges and reduce the financial strain on customers. Kmart’s CEO John Gualtieri told Inside Retail that the decision followed an extensive review to see how the brand could reduce prices on current and future ranges.

Apparel 238

Apparel Design Engagement Consumer 238

Inside Retail

DECEMBER 13, 2023

However, the ACCC found that the products were never, or almost never, sold at the higher ‘strikethrough’ price, or without the discount or savings. Further reading: Delicia fined after admitting breach of Franchise Code The post Emma Sleep faces court over misleading prices appeared first on Inside Retail Australia.

Advertising 130

Advertising Accessories Accessories Display 130

Inside Retail

OCTOBER 19, 2023

Brilliant Lighting has admitted to engaging in resale price maintenance and has submitted a court-enforceable undertaking to the Australian Competition & Consumer Commission (ACCC). In September 2022, the company wrote to 42 retailers and distributors, telling them not to resell its 116 Brilliant Lighting products below certain prices.

Light 130

Light Engagement Consumer 130

Inside Retail

JULY 20, 2023

Aussie start-up Little Birdie has launched an AI-powered browser extension that can compare product prices from thousands of online retailers and show which one is the cheapest. The tool genuinely shows a list of the lowest available price for a product online, completely unbiased and not impacted by advertising.

Advertising 189

Advertising Shopping Marketing 189

Inside Retail

JULY 27, 2023

Food makes up more than a third of retail spending and its performance is being inflated by unavoidable price increases. Further reading: Mother’s Day, inflation underpin Australian retail spending growth The post As food prices soar, retailers face a discretionary spending downturn appeared first on Inside Retail.

Department Stores 235

Department Stores Accessories Accessories Consumer 235

Inside Retail

MARCH 3, 2024

In August 2023, the group introduced members-only discount pricing at Woolworths supermarkets as an incentive for shoppers to scan their Everyday Rewards cards, which was modelled off a similar earlier initiative from discount department store chain Big W, which is also part of the group. million active members, with 5.2

Department Stores 130

Department Stores Contrast Engagement Tailored 130

Inside Retail

JANUARY 21, 2024

According to Reuters , the US tech giant slashed retail prices by as much as 500 yuan ($70) on select iPhone models. Apple’s price cuts come after the company chose not to raise prices for the iPhone 15 series during its September launch. or 12.12, people are anticipating better promotions from vendors.

Marketing 130

Marketing Promotion Pattern Perspective 130

Inside Retail

FEBRUARY 1, 2024

One of the best examples of this came from China, as Apple reduced its retail prices on select iPhone models by almost $70. As higher prices have taken a bite out of pandemic-era savings consumers will expect to maximise economic value in their spending,” Wang told Inside Retail.

Strategy 130

Strategy Marketing Consumer Promotion 130

Inside Retail

FEBRUARY 15, 2022

Louis Vuitton, LVMH’s top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company in China told Reuters. The post Louis Vuitton set to raise prices this week as costs climb appeared first on Inside Retail.

Accessories 240

Accessories Accessories Social Media Fashion 240

Inside Retail

NOVEMBER 27, 2022

The latest Consumer Price Index figures from the Australian Bureau of Statistics show prices up 6.1 This brings us to a nuanced but important distinction between value, and price. These differences also lead to ways retailers might maintain the value of their products, even as prices increase. Value vs price.

Strategy 130

Strategy Consumer Other Balance 130

Retail Focus

DECEMBER 21, 2023

Top 5 areas where AI delivers the most value to UK consumers:- 1 – Pricing and promotions – 28% 2 – Loyalty – real-time personalised rewards – 18% 3 – Product discovery when searching online – 17% – Product information (i.e.

Promotion 163

Promotion Consumer Shopping Retail Design 163

Inside Retail

AUGUST 24, 2021

Next to the rise of online and digital channels, one of the most frequently mentioned trends in retail pre-Covid was the rise of the ‘price conscious, empowered consumer’. At the same time, consumer research shows an increasing use of multiple channels to search for information (including better prices), prior to a purchase.

Social Media 246

Social Media Consumer Promotion Other 246

Inside Retail

DECEMBER 17, 2023

The post Wellness booms and so does the share price of pharmaceutical retailers appeared first on Inside Retail Australia. In 2024, Ezz plans to further build its product portfolio to include sports nutrition, weight management, herbal and paediatric products, in order to cater to the demand from Australian and international markets.

Beauty and Health 258

Beauty and Health Social Media Circulation Space 258

Inside Retail

AUGUST 3, 2023

Bike importer and distributor Hornet Industries has admitted to likely breaching regulations on resale prices by preventing its independent resellers from offering products below a specific rate. The post Bike importer Hornet Industries admits to breaking resale price laws appeared first on Inside Retail.

Advertising 130

Advertising Consumer Other 130

Retail Focus

JUNE 3, 2021

Contrast that with pre-pandemic levels of 21% for mobile offers and 31% for in-store flyers and the message to retailers is unmistakable: pricing and promotions in digital channels are of premier importance to shoppers. Deliver channel-specific prices and offers that meet shopper expectations but preserve overall margins. .

Strategy 200

Strategy Promotion Contrast Shopping 200

Inside Retail

JANUARY 3, 2022

The Australian Competition and Consumer Commission has said it will “name and shame” retailers and suppliers jacking up the price of rapid antigen tests, as the Omicron pandemic continues to spread. According to the ACCC, excessive pricing of essential goods and services can be considered unconscionable.

Consumer 240

Consumer Management 240

Inside Retail

DECEMBER 7, 2023

Supermarket chain Coles has admitted to erroneously increasing the prices of several products and has committed to refunding customers following Choice’s complaint to the Australian Competition and Consumer Commission (ACCC). Coles also confirmed that its CEO Leah Weckert will attend the Senate inquiry into supermarket prices next year.

Engagement 100

Engagement Consumer 100

Inside Retail

NOVEMBER 9, 2022

Woolworths has partnered with food-tech company Tiliter to launch new price integration scales at four Scan&Go stores in Sydney. Australian shoppers now have the opportunity to track their spending across fresh produce while they shop, making it easier for them to cross-reference the price with their budget.”.

Concept 130

Concept Shopping Planning Consumer 130

Inside Retail

FEBRUARY 7, 2024

And you will gladly walk down the third aisle to get to the top of the first – and repeat, anticlockwise if needed – precisely because you know the best price for your chosen brand will be found if you can just breathe in and crabwalk with confidence to its suspected location. The post Brands can no longer afford to compete on price alone.

Location 130

Location 130

Inside Retail

SEPTEMBER 8, 2022

Apple Inc on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices in some Asian countries where currencies have dropped against the dollar in the past year. Earlier this year, Apple hiked the price of the model by nearly a fifth to 117,800 yen after the yen weakened.

Consumer 130

Consumer Marketing 130

Retail Times

MARCH 12, 2024

The Perfume Shop has added 36 new fragrances to its perfume price freeze promise, giving customers an even bigger choice when it comes to selecting their favourite fragrances at a lower price.

Shopping 111

Shopping 111

Inside Retail

OCTOBER 10, 2022

The United Nations food agency’s world price index fell for a sixth month in a row in September, receding from all-time highs posted earlier this year after Russia invaded Ukraine. The Food and Agriculture Organization (FAO) said on Friday that its price index, which tracks the most globally traded food commodities, averaged 136.3

Contrast 130

Contrast 130

Inside Retail

FEBRUARY 21, 2022

French luxury brand Louis Vuitton is following Chanel and Hermès’ lead by introducing a price increase for its iconic products from the middle of February. Earlier in January, Bernard Arnault, CEO of Louis Vuitton parent LVMH, told reporters any prices to come would be “reasonable”. The price hikes rolled out worldwide on 16 February.

Accessories 130

Accessories Accessories Circulation Fashion 130

Inside Retail

APRIL 3, 2023

Woolworths Group chief executive Brad Banducci has said one of the contributing factors in a year-on-year fall in vegetable consumption was supply chain and price constraints the sector has seen in the past year, and that the business is working to ensure healthier options are more affordable moving forward.

Department Stores 245

Department Stores Shopping Other 245

Retail Focus

SEPTEMBER 20, 2021

COVID-related economic uncertainty, further compounded by Brexit, caused already price-conscious shoppers to grow even more vigilant about comparing prices, particularly as they flocked to online channels where complete price transparency is a click away. Think Beyond Item Strategy with a More Holistic View.

Rhythm 242

Rhythm Promotion Strategy Line 242

Inside Retail

SEPTEMBER 7, 2022

Bitcoin prices, now down 70 per cent since its peak of nearly US$69,000 in November, are struggling to stay above US$20,000. For example, prices for highly coveted models like the Rolex Daytona have fallen by 25 per cent, while prices of the Submariner model are starting as low as US$10,000. trillion ($2.8

Marketing 130

Marketing Display Form Other 130

Inside Retail

SEPTEMBER 12, 2022

Woolworths CEO Brad Banducci is spruiking frozen peas as the price of fresh fruit and veggies has skyrocketed – and watching shopper behaviour keenly at Woolies’ ‘value’ stores); Kmart has launched “Low Prices for Life” as its “commitment to value”; and Metcash has foregone the bells and whistles at its new value-based supermarket. .

Balance 130

Balance Promotion Consumer Strategy 130

Inside Retail

NOVEMBER 26, 2023

per cent more than last year, representing what it says will be the largest-ever e-commerce shopping day in the US Retailers are set to dangle average price cuts of 30 per cent on electronics, and 19 pe cent on furniture, said Vivek Pandya, lead analyst at Adobe Digital Insights. and 11 p.m. . It’s becoming more important.”

Pattern 130

Pattern Flow Promotion Merchandising 130

Inside Retail

SEPTEMBER 15, 2022

Zara owner Inditex’s strong first-half results show its strategy of raising prices since early 2022 paying off so far, but it and other fashion retailers have to be careful not to overdo it with further hikes that may scare away shoppers, analysts said. Zara’s starting prices were 12.2 The big squeeze.

Fashion 130

Fashion Consumer Marketing Strategy 130

Retail Times

DECEMBER 14, 2023

This New Year’s Eve, BrewDog is going to be partying like it’s 1999, rolling back drink prices in-bar nationwide to what they would have cost over 20 years ago, giving customers savings not seen this century. Literally.

Promotion 110

Promotion 110