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Two reports reveal ways to drive discretionary spend in a cost-of-living crisis

Inside Retail

Cost-of-living has gone from crunch to crisis and with this new economic reality has come new consumer behaviours. This shift in shopping behaviour is not particularly surprising for retailers but it does present a unique marketing challenge.

Consumer 246
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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.

Planning 173
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Navigating the unique challenges of holiday shopping in 2023

Inside Retail

Consumers are still feeling enormous financial pressures, and many are heading into this period with little optimism towards their finances. Such economic strain is leading to behavioural changes in the way consumers are shopping and planning their festive budgets. But this shouldn’t just be a retail race to the bottom.

Shopping 130
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Super Saturday predicted to be UK’s busiest in-store shopping day of Peak Trading, according to Sensormatic Solutions

Retail Focus

Sensormatic Solutions , the leading global retail solutions portfolio of Johnson Controls , today announced its predictions for the UK’s busiest shopping days of Peak Trading 2023. This compares to 38% of shoppers who planned to buy Christmas gifts online on Amazon Prime Big Deals Day last week (10 and 11 October).

Shopping 147
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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. The brand has also increased its promotional activity and marketing investment. It plans to increase its brand spend in the upcoming financial year. We’re not planning to do any mass cost reduction.

Planning 246
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Sweaty palms and bargain bins: Why consumers are flocking to dollar stores

Inside Retail

Discount stores are booming in post-Covid Europe as price-sensitive consumers seek out bargains amid inflation and the devastating impacts of the pandemic. UK-based Pepco Group, the owner of discount chains Poundland and Dealz, is planning a major European expansion which is expected to create about 13,000 new jobs, according to Reuters.

Consumer 246
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“We did not do enough”: Woolworths cans plans for Darwin Dan Murphy’s

Inside Retail

Woolworths Group has pulled the plug on plans to open a Dan Murphy’s store in Darwin after an independent panel ruled that the development should not go ahead. Jana Bowden, an expert in consumer psychology and consumer engagement at Macquarie University Business School, told Inside Retail that Woolworths “dodged a bullet”.

Planning 234