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Why Dutch-style bike brand Lekker is embracing e-bikes and retail partners

Inside Retail

It is removing all non-electric bikes from its offering and reversing course on its direct-to-consumer strategy as it looks to expand its market share. Localised design Lekker adapted the build of its product offering to suit the Australian market and consumer preferences which contrast with the European markets. “We million this year.

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Buy now pay later: What’s retailers’ responsibility?

Inside Retail

Accordingly, brands spend significant time and money positioning themselves to create positive associations with consumers, whether that’s through communicating their purpose or engaging in worthy environmental or social partnerships. million in the 2017-18 financial year to $32 million in 2018-19 representing an increase of 90 per cent.

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30 Stats that Prove Visual Merchandising is More Important than Ever

Contra

Visual merchandising plays a pivotal role in the retail industry, significantly influencing consumer behaviour and sales outcomes. Magazine, 2019) Window displays alone can boost foot traffic by 23%. (VM Retail TouchPoints, 2017) Using complementary colours in displays can increase sales by 35%.

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30 Stats that Prove Visual Merchandising is More Important than Ever

Contra

Visual merchandising plays a pivotal role in the retail industry, significantly influencing consumer behaviour and sales outcomes. Magazine, 2019) Window displays alone can boost foot traffic by 23%. (VM Retail TouchPoints, 2017) Using complementary colours in displays can increase sales by 35%.

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Imagine being able to see into the future

Inside Retail

And gaining unique insights into consumers’ likely purchasing behaviour is now possible through the CommBank Household Spending Intentions (HSI) Index. The CommBank HSI Index uses advanced analytics to help retailers better understand consumer or household spending intentions. Covers the vast majority of household spending.

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US mall giant Simon’s latest results reveal four issues facing the sector

Inside Retail

per cent and retailer sales per square metre for the trailing 12 months were US$8,166, up 3.3 per cent from the preceding 12-month period. To some degree this is correct, but re-leasing that much space can be painstaking, difficult and time-consuming, and if the location is second- or third-tier then it can be a devil of a challenge.

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How digital payments can help businesses lead in customer experience

Inside Retail

Consumers, too, preferred to use contactless payments or to shop online. In the 2021 financial year, the number of payments on card rose to 12 billion, a 22 per cent increase on 2019 and up by more than 4 billion since 2017. 7 PwC, Frictionless – the future of shopping, November 2022.

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