Remove 2023 10
article thumbnail

Consolidation and live shopping: Four e-commerce trends to watch in 2023

Inside Retail

As we launch into the new year, we’ve rounded up our top e-commerce predictions for 2023. While we’re expecting this year to see an acceleration of many trends that took off in the pandemic years, the consumerisation of B2B e-commerce is the sleeper of the 2023 season. Social commerce and live shopping.

Shopping 264
article thumbnail

Aussie supermarkets have a trust problem. Here’s how they can fix it

Inside Retail

What should follow is a golden era of customer engagement. Shonky markets Since the Roy Morgan study was released, Coles and Woolworths – our most trusted retail brands – shared the ignominy of winning a Choice ‘Shonky’ award for 2023. Food prices have played a big role in driving inflation and cost-of-living increases through 2023.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How KOLs, Gen Z are driving growth at Chinese jewellery giant Chow Tai Fook

Inside Retail

According to its annual results for the year ended 31 March 2023, announced in June, the pandemic in mainland China affected all businesses – particularly in Q3. As at 31 March 2023, the group had a total of 7,269 point-of-sale outlets in the mainland, surpassing its target of reaching 7,000 by FY25. billion (HK$94.6

Expansion 130
article thumbnail

The three pillars Godfreys is investing in to transform the business

Inside Retail

The number of Godfrey retail outlets has fallen by 16 per cent since the 2018 takeover – from 210 outlets to 175, according to The Australian Financial Review – but the management team has placed a focus on three key pillars of the business: its product line, property holdings and people. They now make up around 10 per cent of total revenue.

article thumbnail

Top 5 Retail Trends to Keep an Eye on for 2023

Parcel Pending

Here are five retail trends to keep in mind to ensure your business can fulfill customer needs and stand apart from the competition in 2023. 2 Mobile-first cohorts like Zoomers (Gen Z) are a key group influencing consumer trends as they relate to the direction of social commerce and the omnichannel retail equation.

article thumbnail

Is the DTC business model dead, or just evolving?

Inside Retail

Analyzing over 80 different rigorous peer-reviewed studies on DTC, we discovered a few common insights that prove the DTC model isn’t dead, it’s just evolving and, in fact, it could still be a great way for smaller brands to build customer engagement. Engaging with customers directly online is particularly appealing for new brands.

article thumbnail

How a 16th century sculptor inspired Singaporean furniture brand Cellini

Inside Retail

Right now, e-commerce sales constitute less than 10 per cent of our revenue,” she noted. There is no point rushing into something just to be first in line. Last but not least, Tan revealed that the company is looking into expanding into a new market in the Asian region by 2023 but is tight-lipped about the details. “We