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

Inside Retail

Strong online traffic on Black Friday demonstrated a notable pattern of shoppers putting time and effort into selecting the lowest-cost, best-value merchandise, said Rob Garf, vice president and general manager for retail at Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service.

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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. CBRE said events and the return of international students and tourists as well as a return of office workers would be positive drivers for CBD retail sales in the year ahead. per cent to 13.9

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

Inside Retail

With consumer confidence well below 100, inflation high, and interest rates fuelling concerns about mortgage stress and negative equity – and the continuing spectre of recession – we would expect to see highly predictable patterns of behaviour. I can reveal that retail sales for Q1 of 2023 are forecast to be $99.9

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Thinking vs Mindset: The Difference Between

Retailing Insight

Take note of your attitude during the workday, the automatic thoughts you have as people walk into your shop, your reaction to hearing news reports about retail sales numbers, your judgments about employees, and any beliefs, resentments and fears about life in general. Power of Gratitude. Re-Focus Your Vision.

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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. Utilizing data analytics to identify patterns helps reduce return rates through improved product descriptions and quality control.