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The latest e-commerce benchmarks, and what to expect in the year ahead

Inside Retail

According to a recent online consumer study , published by the e-commerce accelerator, Pattern, 86 per cent of Australians have made a purchase online in the past month. An industry worth over $50 billio n online last year, e-commerce sales grew 57 per cent in 2020 representing 16.3 per cent of retail spend.

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What the cost-of-living crunch means for Black Friday

Inside Retail

Retailers are potentially facing significant headwinds in the months ahead, with rising interest rates and cost-of-living pressures dragging on consumer confidence. Retail sales growth has been relatively flat for the past 12 months, with the official figures from the Australian Bureau of Statistics indicating month-on-month growth of just 0.6

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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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Apple forecasts faster sales growth, despite glum economy

Inside Retail

Apple says parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. By contrast, the overall global smartphone market dropped 9 per cent during the just-ended quarter, according to Canalys data.

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Imagine being able to see into the future

Inside Retail

And gaining unique insights into consumers’ likely purchasing behaviour is now possible through the CommBank Household Spending Intentions (HSI) Index. The CommBank HSI Index uses advanced analytics to help retailers better understand consumer or household spending intentions. Covers the vast majority of household spending.

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Safety over sales: Online alcohol retailers under pressure to take action

Inside Retail

Government tax receipt data showed a 3 to 5 per cent increase in alcohol sales in Germany, the UK and US in 2020 compared to 2019. per cent in 2020-21, with annual growth from 2021-26 projected to be 7.9 Off-premise sales, such as e?commerce And there’s no sign of demand slowing. per cent. “The

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Why the world’s biggest DTC mattress brand is betting on Australian retail

Inside Retail

Everything we bring into Australia is specifically tailored to the Australian market and the Australian consumer and how we sleep,” he said. Last year, it had more than $1 billion in global revenue, a 59 per cent increase from 2020. We don’t just turn out cookie-cutter models. We’re not here for a holiday,” King said. “[Our

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