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2023 economy: growth rate slows as regulators battle inflation

Inside Retail

The shift in spending towards online channels is another permanent outcome of the pandemic, with annual events such as the Black Friday and Click Frenzy sales helping to propel end-of-season retail sales well into November , permanently changing the flow of consumers’ retail spending patterns.

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How Redesigning Packaging Can Help Retailers Prepare for Inflation & Labor Market Changes

CRP

How Redesigning Packaging Can Help Retailers Prepare for Inflation & Labor Market Changes We’ve all felt it. Despite this, consumers are still spending their hard-earned dollars, with retail sales up almost 10% compared to 2021, as reported by Retail Dive. over this time last year, with grocery items up 13.1%

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5 Ways Retail Businesses Benefit From A Merchant Cash Advance

RetailMinded

Retail businesses usually have peak and down seasons. They must thrive by obtaining immediate cash flow support to sustain operational expenses during market fluctuations. Therefore, a merchant cash advance is a very practical funding option for many retail businesses. . Promotes Better Cash Flow Management.

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Are more discounts on the cards before Christmas?

Inside Retail

We now know October retail sales shrank for the first time this year ending a run of nine months straight of month-to-month growth. With the Reserve Bank expected to give us another rate bump before Christmas, retailers must be frowning a little more each day. While margins may suffer, you can only bank money, not percentages.

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Vertical Integration, Collection Software, and Other Trends That can Make a Brand Thrive

Retail Focus

The Guardian reported that retail sales jumped over 5% as Covid restrictions started to be eased in April 2021. This is a boon to the retail sector in the UK and it is hoped that this is a sign of the high street re-emerging. Using collection software to increase cash flow.

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E-commerce teams: The unseen keys to success

Inside Retail

A retail business is far more than a store front, a website, and a social media post or marketing email – although often these elements are all the end customer perceives. Despite most shops being closed, retail sales rose 11 per cent during lockdown, largely because people didn’t have much else to spend money on.

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7 Costly Mistakes to Avoid in Retail

Compliantia

All the while, retail profit margins are shrinking. According to data from CSI Market , the specialty retail sector’s profit margins sat at 35.55% in the first quarter of 2021, down from 36.01% in the previous quarter. . Time management is, therefore, a crucial skill that every retailer needs to possess in order to succeed. .