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Showfields and the bankruptcy of the ‘most interesting store in the world’

Inside Retail

US-based retailer Showfields, the self-described “most interesting store in the world”, filed for bankruptcy this month and will be restructuring through a form of Chapter 11 bankruptcy created during Covid to help small businesses continue operations, reorganise, and maintain control of finances without creditors taking over.

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From China to India, how the world’s retail markets stack up: report

Inside Retail

In an era marked by economic flux and shifting consumer preferences, the global retail landscape stands at a pivotal juncture, ripe with both challenges and opportunities. trillion in 2022 and grew at a CAGR of 8 per cent from 2017 to 2022. It was valued at $3.8 Estimates suggest China’s social commerce market enjoyed a 40.25

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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%. Lighting Science Group, 2017) Implementing omnichannel visual merchandising can increase online sales by 15%.

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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%. Lighting Science Group, 2017) Implementing omnichannel visual merchandising can increase online sales by 15%.

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How livestreaming is driving e-commerce sales in China

Inside Retail

The first time that I ever livestreamed was in 2017, when I was accompanying a Chinese rap star, Jackson Wang, to LA to attend the American Music Awards. In 2017, it was mostly a show, used as entertainment, for brand building. It is only natural that a live video provides a more immersive experience for the consumer.

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Analysis: Synergies begin to show after merger of SEA hypermarkets

Inside Retail

Soon after Britain’s Tesco abandoned its retail business in Thailand and Malaysia in early 2021, its buyer, Thailand’s Charoen Pokphand Group, merged it with its Siam Makro wholesale arm. Sales for the wholesale business grew by almost 7 per cent over the first half of 2021. per cent (up from 2 per cent in 2021) on the retail side.

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Shrink or grow? Predictions for online retail in 2022

Inside Retail

Then I went ahead and predicted three ways retail would fragment throughout 2021 anyway. In fact, he was predicting that as early as 2017, when online was under 5 per cent. Yet we’ve also seen consumers in locked down states line up for hours to access physical retail as it reopened. Why online will grow: consumer trial.

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