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Global online retail sales tipped to reach US$6.8 trillion by 2028

Inside Retail

Total global online retail sales are expected to grow from US$4.4 Online retail sales will record a compound annual growth rate (CAGR) of 8.9 per cent during the five-year period, according to the Global Retail E-Commerce Forecast report, which covers data in 40 countries globally. trillion in 2023 to $6.8

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E-commerce sales fall as cost-of-living pressures hit consumers

Inside Retail

As inflation and rising interest rates start to bite and reduce consumers’ spending capacity and confidence, Australian e-commerce sales declined sharply in July. . per cent of retail spending in the country during the last financial year, e-commerce’s share of wallet is significant. . Representing 19.3 Desktop and tablet.

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Training retail sales teams? Here’s why face-to-face won’t cut it anymore

Inside Retail

We understand that organising training can be time consuming… But, delivering training online can take the hassle out of planning staff training. We specialise in customisable off-the-shelf courses which can be tailored to your unique business. The post Training retail sales teams?

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How Product Videos Help Grow Retail Sales

Retail Bound

In this blog, we’ll explore how product videos can benefit retail sales and why they should be an integral part of any brand’s marketing strategy. This, in turn, can help to increase customer loyalty and drive repeat sales. This not only builds trust with customers but also increases the chances of making a sale.

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‘Storm on the horizon’ for retailers amid economic pressures

Inside Retail

per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 She said that consumers are already making cuts. Rising interest rates hits consumer and business confidence.

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Is technology the answer to wrapping up 2021 in style?

Retail Focus

Supply chain issues and pandemic-related shortages continue to impact retailers worldwide, while the ever-accelerating shift to online shopping has left gaps in the high street – with House of Fraser the latest big name to announce it is closing its Oxford Street store in January. . Despite this, there are some bright shoots of recovery.

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How Retail Businesses Can Excel With Customer Services

Retail Focus

Exceptional customer service goes beyond driving sales. The annual retail sales in the UK totaled 496 billion pounds in 2022, growing significantly over the last decade. Considering these numbers, retailers have valid reasons to go above and beyond to capture their fair share of the market.