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Christmas retail sales tipped to top $60 billion

Inside Retail

Australian Christmas retail sales are predicted to exceed $60 billion, despite the impact of inflation and cost of living problems, according to research from the National Retailers Association (NRA). Covering the pre and post-Christmas shopping periods, that figure would represent a 3.9 per cent increase over last year.

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How Salvos aims to break the stigma around secondhand Christmas gifts

Inside Retail

The tradition of gift-giving at Christmas drives billions of dollars in retail sales every year. In Australia alone, consumers are expected to spend $63.9 According to a recent survey commissioned by The Body Shop, 1.5 million gifts in Australia will be used just once before being thrown away.

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“Very few small shops left”: Biome founder on the plight of small retailers

Inside Retail

Cost of living, combined with rising interest rates, have hit back-pockets, with consumers looking to restrict spending where possible. All of this has had a damaging effect on retail sales, which have been subdued in recent months. That’s hundreds of people that aren’t filing out every day to buy lunch [and] pick up a gift.”

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How, where and what shoppers are buying in the final week before Christmas

Inside Retail

How will consumers be spending their dollars in the week leading up to Christmas, what are retailers doing to entice consumers in-store and which retailers will benefit from this? These are pressing questions that many in the industry will be asking themselves in the final few big shopping days of the year.

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Aptos survey: 88% of Gen Z shoppers in UK plan to visit a physical store this Golden Quarter

Retail Focus

Aptos , a leader in unified commerce solutions, today announced the findings of its 2023 Golden Quarter Consumer Survey. The report found that the majority of Gen Z shoppers plan to spend more or the same on Christmas gifts compared to last year and that visiting stores during the festive period is a top priority.

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Analysis: What the Black Friday spending boost means for Christmas sales

Inside Retail

Retailers worldwide have battled slowing conditions, with Australian footwear giant Accent Group and American fashion brand Guess recently highlighting the impact lower consumer confidence is having on the wider market. “The online retail sector is one of the few where the consumer is a bit more in the driver’s seat. .”

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Early Shoppers Fuel 8.5% Jump in Holiday Retail Sales

VMS

A surge in early shopping got retailers off to a strong start this holiday season, spurring 8.5 Notably, online sales jumped 11 percent compared to the same period last year. The study – which excluded automotive sales – measured in-store and online retail sales across all forms of payment. percent in 2019.