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Shoppers click ‘buy’ as retailers slash prices ahead of Cyber Monday

Inside Retail

Strong online traffic on Black Friday demonstrated a notable pattern of shoppers putting time and effort into selecting the lowest-cost, best-value merchandise, said Rob Garf, vice president and general manager for retail at Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service.

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2023 economy: growth rate slows as regulators battle inflation

Inside Retail

For consumers, there is a very strong desire to get out and enjoy life. per cent in September 2022 only slightly above 2019 levels and well down from the 2020 high of about 24 per cent, suggesting that the amount of dry powder in consumers wallets is declining. per cent last year, with the economy growing by an estimated 6.5

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5 Ways Retail Businesses Benefit From A Merchant Cash Advance

RetailMinded

Retail businesses usually have peak and down seasons. They must thrive by obtaining immediate cash flow support to sustain operational expenses during market fluctuations. Therefore, a merchant cash advance is a very practical funding option for many retail businesses. . Promotes Better Cash Flow Management.

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Analysis: EOFY won’t end the tough times for many

Inside Retail

The retail industry has cause for a touch of optimism entering the next financial year but it is unlikely that the rollercoaster ride is over for everyone. Retail sales for the first four months of 2022 are showing encouraging growth but the devil is in the detail, with the underlying driver of the increased revenue levels being inflation.

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Are more discounts on the cards before Christmas?

Inside Retail

We now know October retail sales shrank for the first time this year ending a run of nine months straight of month-to-month growth. With the Reserve Bank expected to give us another rate bump before Christmas, retailers must be frowning a little more each day. To keep the cash registers ringing, retailers had little option.

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Vertical Integration, Collection Software, and Other Trends That can Make a Brand Thrive

Retail Focus

The Guardian reported that retail sales jumped over 5% as Covid restrictions started to be eased in April 2021. This is a boon to the retail sector in the UK and it is hoped that this is a sign of the high street re-emerging. Using collection software to increase cash flow.

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How Redesigning Packaging Can Help Retailers Prepare for Inflation & Labor Market Changes

CRP

According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) is up by an average of 8.5% Despite this, consumers are still spending their hard-earned dollars, with retail sales up almost 10% compared to 2021, as reported by Retail Dive. Simply put, consumers are spending more but getting less.