Remove tag substantiation
article thumbnail

Shifting tides: Southeast Asian consumers adapt spending amid challenges

Inside Retail

A substantial 57 per cent are opting for more affordable groceries to manage expenses, and this trend is expected to persist in the coming six months. Additionally, in a country where around 70 per cent live on or below the poverty line and rice is the top food item purchased, the price of rice rose almost 20 per cent. 2023 ended at 6.0

Consumer 130
article thumbnail

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

Inside Retail

It also recently added a private label skincare line to its Believe Beauty brand with 11 new items, all at $5 or less. Jana Bowden, an expert in consumer psychology and consumer engagement at Macquarie University Business School, credits the popularity of discounters to the dopamine-fuelled ‘shoppers high’ that results from a bargain buy.

Consumer 246
article thumbnail

5 Impactful Ways To Improve Your Online Store — And Drive More Sales

RetailMinded

Leverage Social Media Marketing for a Wider Audience Reach Promoting your online store on social media is no longer optional. Sharing product images or user experiences encourages engagement. With the support of digital strategy consulting , you can optimize different channels effectively and achieve substantial growth.