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What China’s latest retail sales reveal about changing consumer spending

Inside Retail

Reporting by the business media of retail sales and other economic data produced by governments in developing Asia is often too trusting. Officially then, China’s retail sales rose by 4.7 The online share of total retail sales is now 23 per cent. billion, Same-store sales grew by 6.6 per cent to US$4.0

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The new Tiktok challenge waging war on the major supermarkets’ pricing

Inside Retail

Elijah Etri, Skippy’s Fresh Frootz manager at Victoria Point, Queensland, has started a new Tiktok challenge, encouraging viewers to head into their local supermarket and check the prices of comparable produce and products. Private-label brand sales account for 18.1 per cent overall of all FMCG retail sales.

Strategy 263
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Why US retailers are embracing a more inclusive holiday season

Inside Retail

According to a report by global data and business intelligence platform Statista , retail sales over the 2023 holiday season are projected to be between $957.3 billion in retail sales the year before. However, retailers dedicated a high portion of their ranges year-over-year to footwear and outerwear.”

Gifts 130
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Getting pricing and products right to win in the era of inflation

Inside Retail

Australian retail sales are on the rise, but new research suggests that this growth is driven by inflation, not by consumers buying more. Cost-to-serve elements are essential to managing price and profit but can be overlooked in the race to stand out on value perceptions or promotions. .

Promotion 130
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How to ensure Black Friday doesn’t become the nightmare before Christmas

Inside Retail

It’s also an important time for retail staff, with many retailers taking on additional Christmas workforces to keep up with demand. However, the emergence of BFCM, and the fact many of these sales are predominantly online, has impacted the Christmas period significantly. Consider this; last year retail sales in November rose 5.8%

Consumer 246
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No one will escape: Industry leaders on navigating the retail recession

Inside Retail

This, he said, is covering up volume decreases for retailers. Many retailers aren’t keeping up with the inflation rate and seeing negative growth. Success] will be very much about stealing market share from competitors,” Brookes said. It’s fair to say that no one will escape this dilemma,” he said.

Consumer 246
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Driving store network productivity through intelligent analytics

Inside Retail

In this Post-Covid trading environment, where online sales are now accounting for 25 per-cent or more of retail sales, the majority of Australian retailers are reviewing their physical store network. In reality, many retailers may be better served by retaining a smaller, high-performance store network.