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How Jeanswest went from VA to Clothing Store of the Year in 12 months

Inside Retail

While there’s no doubt that 2020 was a tough year for all retailers, Australian denim brand Jeanswest had a steeper hill to climb than most, starting out the year under voluntary administration with the closure of 37 stores, the loss of 263 staff and owing $50 million to creditors. We definitely see marketplace as an opportunity for us.

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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. Retail TouchPoints, 2017) Using complementary colours in displays can increase sales by 35%. National Retail Federation, 2020) Interactive displays can boost product engagement by 40%.

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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. Retail TouchPoints, 2017) Using complementary colours in displays can increase sales by 35%. National Retail Federation, 2020) Interactive displays can boost product engagement by 40%.

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Mmm, it’s the sweet smell of advertising success

Inside Retail

Since early 2020, like everyone, I’ve been online a lot more. Locally, the retail industry sustained substantial growth throughout the first pandemic affected year (2020-2021). For the year to June 2021, consumer retail spending grew by 9.1 per cent year-on-year growth in retail consumer spending to March 2022 3.

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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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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. Responding to consumer payment preferences Australians are at the forefront in adopting digital payments.

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