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Young adults are feeling the pinch – here’s how retailers are responding

Inside Retail

According to the report – which used data from seven million Commonwealth Bank customers – younger adult consumers appear to be most significantly affected by rising interest and inflation rates, and are cutting spending accordingly. Spending among 35+ year old consumers had increased by 3.1 per cent on apparel, and by 9.7

Fashion 238
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A global and local look at the state of omnichannel

Inside Retail

Consumer expectations for their favourite brands are at an all-time high, demanding seamless and personalised experiences across various channels. In fact, according to IBM, omnichannel is now the preferred way of shopping for a quarter of global consumers.

Strategy 100
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Zwecks service assists retailers provide installation and demo services

Inside Retail

In Australia, by contrast, retailers do not routinely offer an installation and demo with the sale of electronic goods – and this can sometimes cause issues for consumers and retailers alike. For the consumer, they’re left out in the open if they have to find all these additional services in order to be happy with the product.”.

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Why short-term data alone won’t cut it for retailers in 2024

Inside Retail

And it gives perspective to the reactive nature of the short-term rollercoaster of monthly data. Those results, both up more than 4 per cent year-on-year, stand in stark contrast to consumer sentiment and customers reeling from sky-high grocery prices. That’s why it pays to look at the data over the longer term. billion and $1.6

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Why Thailand’s rainy season is a double-edged sword for its DIY chains

Inside Retail

HomePro’s improvement contrasted with the performance of its major competitors. From a corporate reporting perspective, home-improvement retail sits within Central’s Hardline Group, which accounts for 34 per cent of the company’s sales (39 per cent is accounted for by food and the remaining 27 per cent by fashion). million baht, up 15.3

Contrast 130
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“Doing nothing wasn’t an option”: M.J. Bale CEO Matt Jensen

Inside Retail

Travelling – I like to travel a lot for work and with the family, and this also helps with fresh perspectives. The great thing about this industry is that it’s truly at the intersection between centuries-old industrial processes and cutting-edge new technologies, and the consumer tells you very quickly if they agree with you or not.

Tailored 260
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First look: V&A’s 1900-Now gallery brings “the history of design to life”

Design Week

Consumption and Identity examines consumer trends and how objects have developed in conjunction with changing identities. A different perspective on design. This expanded focus hopes to provide alternative perspectives. It’s here that Rizzoli’s book of Kim Kardashian’s selfies can be found.

Design 138