article thumbnail

Attracting, winning, and retaining a new breed of value-driven consumer

Inside Retail

As consumers manage cost of living pressures, it’s led to a pullback in spending across the retail landscape, particularly in non-discretionary categories. CommBank’s latest Consumer Insights Report shows that around one in four Australians have not enough, or just enough, to meet household expenses.

Consumer 130
article thumbnail

What to do when waste-conscious consumers expect action

Inside Retail

At least two significant forces are reshaping how and where consumers shop and their expectations of brands. Encouragingly, consumers are ready to increase participation in the circular economy. Consumers want businesses to make it more convenient to take part.” . In stark contrast, Finland is targeting 100 per cent by 2025 2.

Consumer 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Concept to Consumer: The Journey of Device Design, Development, and Retail

Retail Bound

Out of numerous brilliant ideas, only a handful evolve into products that consumers truly desire. Marketing and Promo Marketing and promotion are absolutely essential for educating potential users about your product and driving sales. Long way negotiating begins: pricing, placement, promotional support are the starting points only.

Concept 52
article thumbnail

Five retailers share their expectations for peak season

Inside Retail

Will the rising cost of living cramp consumer spending in the most important quarter of the retail calendar? . Every day of trade from Black Friday to Christmas is important, so this year we have segmented our promotional calendar into days, not weeks, during peak. We’re expecting an especially strong result in our physical stores.

Gifts 246
article thumbnail

Singles Day set to end with subdued sales and no fanfare

Inside Retail

Consumer sentiment is, however, at a low ebb – hit hard by China’s stringent Covid curbs and a sharply slowing economy. “But it seems most consumers, particularly in the current environment, just want cheaper goods.” per cent to 3.6 Before 2020, the festival was a one-day event. per cent and 8.9

article thumbnail

How can department stores pivot ahead of a spending decline?

Inside Retail

Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? I think consumer spending, certainly in discretionary spending categories, will normalise and soften. I think we’ll start to see a return to normality,” Mortimer told Inside Retail. “I

article thumbnail

Creating Buzz For Product Launches Through Experiential Marketing

RetailMinded

You can’t just put it on a store shelf or make it available and hope people find it – you’ve got to promote it if you want a shot at it being successful. As the name implies, experiential marketing involves creating an immersive experience for the consumer as a means of creating a deeper personal connection.