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Are we entering a bricks-and-mortar renaissance? Here’s what the data says

Inside Retail

In a rollercoaster year for retail sales, a survey of retailers has indicated an optimistic outlook for store network growth. In what the national property agency CBRE described as a ‘flash survey’, 83 per cent of Australian respondents across a snapshot of the Asia Pacific region indicated expansion plans.

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Why smart retailers are preparing to be ‘on sale’ this Christmas

Inside Retail

Last year, Black Friday sales saw November retail figures up by 1.4 Then along came December and retail sales took a dive of 3.9 Australian Retailers Association CEO Paul Zahra has already warned retailers to “anticipate a bargain-driven Christmas shopper” and that “overall Christmas spending is in decline.”

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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. As we all know, plans can change.

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Experts weigh in: how economic conditions will impact retailers in 2023

Inside Retail

Roy Morgan, in conjunction with the Australian Retailers Association, has developed a sales forecasting engine to give retailers practical guidance on what to expect in the future. “I I can reveal that retail sales for Q1 of 2023 are forecast to be $99.9 billion, and Q2 sales are forecast to be $103.6

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Localisation, livestreaming and logistics: How to tap into the Chinese market

Inside Retail

Before 2020, when travel was easy and diplomatic relations were cordial, I placed great emphasis on the need to build trusted relationships on the ground in China as the foundation of a successful market entry strategy. Accept that China is a very different market to the one you’re used to. Research the right market.

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

RetailMinded

According to a report by Maersk, 40% of retailers have wanted to increase the resilience of their supply chains since the global pandemic, which impacted businesses. Challenge 2: Efficient Inventory Management Challenge: Maintaining optimal inventory levels is a critical aspect of retail.