Inside Retail

MAY 29, 2022

Retailers in Southeast Asia, like elsewhere, have accelerated their adoption of digital platforms as consumers have been forced online to meet their everyday needs. Singapore-based e-commerce platform Shopee broke its 2020 record with over 2 billion items sold throughout the 11.11 DTC is poised to grow. The VMware Digital Frontiers 3.0

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Inside Retail

NOVEMBER 1, 2023

In July’s retail stores, for instance, consumers spend a lot of time in front of the mirror: “They’re literally looking at themselves looking at the suitcase and trying to get their persona ready for what their journey is going to be,” Didaskalou said. billion in 2020 and is projected to reach US$70.77

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Inside Retail

APRIL 3, 2023

India crossed that threshold in 2021, according to the bank’s latest available data, which could put it on a similar growth trajectory even though weak job growth and income inequalities in the country pose a risk to this outcome. in 2020 and $389.3 versus $212.9 for China, data from CLSA showed. for China, the data showed.

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Creative Displays Now

FEBRUARY 15, 2022

While in-person purchasing remains a popular option, many consumers have chosen to complete their shopping online, causing retailers to adapt to the changing landscape. The 2020 shopping season was unlike any other, and many of the trends established during this time are here to stay for holiday shoppers. Trends to Consider.

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Parcel Pending

SEPTEMBER 30, 2021

Consumer Shift: Hybrid Work is Here to Stay. Consumer Shift: Mask Mandates Are Keeping Residents Home. Further, the Transportation Security Administration extended its mask mandate, originally set to expire on May 11, until September 13, 2021. Consumer Shift: Outdoor Spaces are Safer Than Indoor Spaces.

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Retail Focus

OCTOBER 25, 2022

On the back of the latest Springboard data which revealed a nationwide drop in shopper footfall on high streets, shopping centres and retail parks, a Northern Irish outlet is bucking this UK and Ireland-wide trend reporting that shoppers continued to visit The Boulevard in large numbers resulting in an 11% increase in sales growth on 2021.

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Inside Retail

AUGUST 17, 2021

per cent on 2020. With 11 lockdowns over the course of the financial year, Coles chief executive Steven Cain said shopping behaviours were starting to normalise to pre-Covid levels in the fourth quarter, before the latest round of lockdowns hit. In 2020, it was just 3.8 per cent growth in online groceries between 2021 and 2026.

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Inside Retail

OCTOBER 4, 2021

Christmas is coming early for retailers, with Australians preparing to spend $11 billion on Christmas gifts and a staggering 80 per cent expected to purchase before December, figures from Roy Morgan show. The early bird catches the worm.

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Contra

JANUARY 10, 2024

Visual merchandising plays a pivotal role in the retail industry, significantly influencing consumer behaviour and sales outcomes. National Retail Federation, 2020) Interactive displays can boost product engagement by 40%. Visual Merchandising & Store Design, 2020) Using mannequins in displays can bump up sales by 66%.

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Contra

JANUARY 10, 2024

Visual merchandising plays a pivotal role in the retail industry, significantly influencing consumer behaviour and sales outcomes. National Retail Federation, 2020) Interactive displays can boost product engagement by 40%. Visual Merchandising & Store Design, 2020) Using mannequins in displays can bump up sales by 66%.

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Retail Focus

JUNE 13, 2023

in Feb 2020 to 25.1% Although a shift in consumer culture has been evidenced, it is also clear that around three quarters of retail spend still takes places within a store; the UK’s high streets and physical retail are, therefore, not dead – but must respond to an evolving consumer culture if they are to survive.

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Inside Retail

NOVEMBER 18, 2021

Before 2020, when travel was easy and diplomatic relations were cordial, I placed great emphasis on the need to build trusted relationships on the ground in China as the foundation of a successful market entry strategy. per cent in 2021 and domestic consumption set to double in the next 10 years. trillion, and the US$5.6

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Inside Retail

MARCH 27, 2022

While the platform’s revenue plunged to almost zero in 2020 due to weddings and other events being cancelled, demand has surged back in recent months, and transaction levels this month are almost triple what they were in March 2019. Post-Covid, the opportunity for the circular economy is huge. Focus on customer experience.

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Inside Retail

NOVEMBER 23, 2021

Then I went ahead and predicted three ways retail would fragment throughout 2021 anyway. Yet we’ve also seen consumers in locked down states line up for hours to access physical retail as it reopened. Then, in April 2020, as restrictions started, they jumped to 11.1 Why online will grow: consumer trial. So which is it?

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Inside Retail

MAY 30, 2022

Riding on China’s new-found obsession with health after the pandemic, Lululemon built a new cult following among Chinese consumers. The company’s Q3 2021 earnings report states that Lululemon’s net income jumped 30 per cent, year on year, to $1.5 China is projected to outpace this growth, and is forecast to hit $202.2

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Inside Retail

NOVEMBER 29, 2021

In the US, publishers are encouraging early ordering and bulk buying and holding large quantities of inventories to satisfy consumer demands. Between 2016 and 2021, the industry contracted by 6.1% , and it was expected to continue to fall. In 2020, 15.9% There are some 1,900 bookstores in Australia that contribute about A$1.4

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Inside Retail

AUGUST 9, 2021

When it comes to the biggest markets in the world, in terms of consumers, China is at the top of the list. As times change, the behaviour of this consumer group is also shifting and how they’re spending isn’t the same as 10 years ago or even five years ago. As of April 2021, there were over 24.6 and Shihuo (??).

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Inside Retail

SEPTEMBER 19, 2022

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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E Delevry

MAY 3, 2022

It showed that UK-listed companies issued 72 warnings in Q1 2022, the highest quarterly figure since the second quarter of 2020 at the start of the pandemic. A record-breaking 43% of warnings were due to rising costs, up from 27% in Q4 2021 and well above the 2011-2021 average of 10%.

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Parcel Pending

JUNE 24, 2021

Retail stores continue to play a big role in the customer experience, bringing in impulse purchases, acting as brand builders, and efficiently traversing “the last mile” to get purchases into the hands of consumers and improve their customer retention rate. 85% of consumers buy additional items when picking up a BOPIS order.

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Parcel Pending

JUNE 24, 2021

Retail stores continue to play a big role in the customer experience, bringing in impulse purchases, acting as brand builders, and efficiently traversing “the last mile” to get purchases into the hands of consumers and improve their customer retention rate. 85% of consumers buy additional items when picking up a BOPIS order.

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Inside Retail

NOVEMBER 22, 2022

per cent in 2020. In 2021, there was a recovery of sorts but sales still remained almost 18 per cent below the pre-Covid level. trillion yen in the first nine months of 2021. The problem was not ust trading restrictions but also the absence of foreign visitors, who before Covid-19 contributed heftily to duty free sales.

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Parcel Pending

SEPTEMBER 21, 2021

Customers returned an estimated $428 billion in products in 2020 according to the National Retail Federation (NRF) 1. It’s as if eCommerce “shopping” has transformed into “discovery options” whereby consumers haphazardly fill their online shopping carts knowing full-well they’ll return a significant quantity.

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Parcel Pending

FEBRUARY 7, 2022

Estimates are that the resale market is projected to double in the next five years , reaching $77 billion , and will grow at 11 times the rate of traditional retail 1,2. Sustainability has risen to a top concern for consumers , especially younger consumers. Chairish’s business in 2021 was up 42 percent compared with 2020 5.

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Parcel Pending

SEPTEMBER 30, 2021

Fast, Flexible, and Free Delivery is Crucial to Consumers. In fact, 83% of consumers expect regular communication about their purchases and where their shipment is throughout the shipping process 2. Clearly, winning over consumers requires exceeding their service expectation by communicating early and often.

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Parcel Pending

APRIL 20, 2022

The D2C e-commerce market exploded during the pandemic as consumers were house-bound and took to online shopping to fulfill their grocery, wardrobe, home goods, and grooming needs. million consumers will buy from a D2C consumer brand in 2022 1 ! million consumers will buy from a D2C consumer brand in 2022 1 !

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Parcel Pending

SEPTEMBER 30, 2021

Consumer data clearly backs up this strategy: 84% of consumers say they’re more apt to stick with a brand that offers a loyalty program 2. And 66% of consumers say the abi lity to earn customer rewards actually changes their spending behavior 3. 2021 Premium Loyalty Data Study [Report]. 2021, April 29).

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Inside Retail

SEPTEMBER 15, 2021

The business grew by 141 per cent between March 2020 and March 2021, and 100 new staff were hired to cope with demand. ” Over 11 per cent of the Irish diaspora reside in Australia. Australian consumers are getting used to shopping online and Australian courier companies are getting better at delivering to the home.

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Parcel Pending

APRIL 8, 2021

For grocery retailers, this year is a big one – with grocery sales expected to surpass $100 billion in 2021; for any retailer, it’s important to note that all online sales will hit an estimated $843 billion in the same period 2. 92% of consumers surveyed said that they will buy again if the product return process is easy 8.

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VMS

APRIL 7, 2021

(PRESS RELEASE) WASHINGTON – The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

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Inside Retail

SEPTEMBER 6, 2022

Between between 2013 and 2018, the country’s retail market was growing at about 11 per cent each year – massive cumulative growth for any retail market in the world. IGD Research projected Vietnam’s convenience store market would be the fastest growing in Asia by 2021. They grew quickly, relatively unchallenged by local operators.

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Parcel Pending

DECEMBER 25, 2023

Sustainability is the buzzword among both retailers and consumers in 2024. According to a recent NielsenIQ study, 78% of consumers claim a sustainable lifestyle is essential, and 30% are more likely to purchase sustainability-focused products. 11 More often than not, returns end up in landfills as they are out of season or unsaleable.

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Parcel Pending

DECEMBER 30, 2021

2021 was a perfect storm for retailers as they struggled with labor shortages, material scarcity, and supply chain bottlenecks. After all, 92% of consumers surveyed said that they will buy again if the product return process is easy 2. 2021, October 27). 2021, April 11). 2020, December 2). 2021, November 5).

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Parcel Pending

MAY 18, 2021

predicted in January 2021). By examining college student consumer trends as they relate to online shopping, higher education institutions can learn how to better manage high package volumes and provide a premium student experience while also saving valuable staff time and money. In 2020, it surged 54% to $95.82 was online 6.

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Inside Retail

MAY 9, 2021

Simon Schofield : Despite the impact 2020 had on the retail sector, it certainly was a special year for Witchery. SS: Covid has undoubtedly impacted the way consumers are shopping, and it’s impossible to ignore the consistent growth in the digital space as a result. We have an array of exciting new product categories set to launch.

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Parcel Pending

JANUARY 21, 2022

Whereas in- store shopping in early to mid-2020 was all about not touching anything or social distancing, the new goal for retailers who are determining how to improve in-store experience is to limit human interaction. For instance, a mere one-third of shoppers surveyed stated they would feel comfortable shopping in malls again and U.S.

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Parcel Pending

NOVEMBER 21, 2021

And, in August 2021, biosafety firm R-Zero gobbled up Reno-based CoWorkR which develops AI-driven sensors that determine where people are in a given space. Adding tracking technology (similar to the consumer version, Tile) can reduce theft and some additional costs. 2021, July 24). 2021, March 31). 2021, August 10).

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