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Shoppers click ‘buy’ as retailers slash prices ahead of Cyber Monday

Inside Retail

Cyber Monday, the first Monday after the Thanksgiving holiday, is set to be the biggest US online shopping day of the year as merchants have stepped up online promotions. Other firms use different measurements to gauge online shopping patterns. per cent on Black Friday, while in-store sales rose 1 per cent. and 11 p.m. .”

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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. To keep the cash registers ringing, retailers had little option.

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

Retail Focus

In the USA the term ‘retail apocalypse’ is being used widely to describe the fallout from the pandemic and its subsequent effects. It is predicted that over the next few years, around 80,000 retail units will close across the states. This will bring an end to many shopping malls too as people choose different ways to shop.

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

CRP

Despite this, consumers are still spending their hard-earned dollars, with retail sales up almost 10% compared to 2021, as reported by Retail Dive. Before celebrating, remember that higher priced goods (from inflation) at least partially drive this increase in retail sales. and apparel up 5.1%.

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7 Costly Mistakes to Avoid in Retail

Compliantia

The retail industry has always been competitive, but the last few years have been more challenging than ever. People’s shopping habits have evolved dramatically and consumer expectations continue to increase. All the while, retail profit margins are shrinking. Inventory management. Let’s take a look. Back-office systems.

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E-commerce teams: The unseen keys to success

Inside Retail

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. Clothing retail went up 20 per cent, even though people had nowhere to go.

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Retail’s Supply Chain Puzzle: Understanding And Addressing Retail Supply Chain Challenges

RetailMinded

Shop ’til you drop. Get your retail therapy fix. It’s all a part of our everyday vocabulary—and just as much as retail shopping holds so much power over us ordinary folks, so does the supply chain over the retailers behind the scenes. Reward yourself. Treat yourself. You deserve it.