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Australians return to the malls despite a plunge in consumer confidence

Inside Retail

Australians are returning to shopping malls as Covid fears subside with Scentre Group reporting customer visitations up 12 per cent on 2021 levels during the first quarter. per cent in March compared to the same month in 2019, pre-Covid, and for the quarter were up by 7.1 per cent to 90.4 per cent in 2022.”.

Consumer 264
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Opinion: Consumers’ screen times gives shopping centres a headache

Inside Retail

It took 59 Myer stores nationwide to generate $2 billion in the same 12 months. Australia Post reported online sales for July 2021 were 78 per cent higher than in the equivalent month pre-pandemic, in 2019, even after the reopening of in-store trading in Victoria. In 2019, online sales accounted for 11.3

Shopping 130
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Why ‘buy now, pay later’ stocks fell in 2021, and what’s in store

Inside Retail

But if you took a punt and bought shares in any of them over 2021, there’s a good chance you’ve lost money. The state of the sector isn’t as bad, however, as suggested by news reports claiming stock have plunged an average of 80% in 2021. Which is bad for consumers, but potentially good for profits. Low profitability.

Marketing 130
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What the cost-of-living crunch means for Black Friday

Inside Retail

Retailers are potentially facing significant headwinds in the months ahead, with rising interest rates and cost-of-living pressures dragging on consumer confidence. per cent in the three months to September, compared with the same period in 2021. More problematic for online sales growth could be consumer trust. The cyber threat.

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Consumers plan for a treat-filled Christmas despite price rises, Kantar reports

Retail Times

over the 12 weeks to 28 November 2021 compared with 2020 according to the latest figures from Kantar. higher in the latest 12 weeks than in 2019. Take home grocery sales fell by 3.8% Sales remain strong compared with the market before the pandemic, and grocery spend was 7.0%

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How L’Occitane’s Dr Vranjes Firenze aims to grow in Australia and beyond

Inside Retail

L’Occitane purchased Dr Vranjes Firenze in January this year for a reported US$164 million, or approximately 12 times its core earnings, from Bluegum Capital Partners, a European private equity fund that specialises in consumer brands. Its work with premium Australian department store chain David Jones is an example of this.

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Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

Consumer 278