article thumbnail

As mass-market outshines luxury, L’Oreal sales rise 9.4 per cent

Inside Retail

per cent rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China. The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of 11.24 L’Oreal reported a 9.4

Marketing 264
article thumbnail

Price, not volume, driving Australian retail sales growth

Inside Retail

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. On a quarterly basis, overall retail price growth has already exceeded sales volume growth in both the March and June quarters,” says Rumbens. per cent.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

“Solid note”: US retail sales soar in December amid strong festive period

Inside Retail

Retail sales in the US soared 0.6 On a year-on-year basis, US retail sales were up 5.6 On a year-on-year basis, US retail sales were up 5.6 For 2023, unadjusted retail sales increased 3.2 Food and grocery stores posted sales growth of 1.0 per cent increase. per cent in December.

article thumbnail

Australia’s retail sales growth can’t last. Here’s how to prepare for it

Inside Retail

The latest retail sales figures are really quite incredible. According to the Bureau of Statistics (ABS), retail sales rose by 0.6 My tip is that retail sales figures in the next couple of months will start to reflect this. The post Australia’s retail sales growth can’t last.

article thumbnail

How coaching influences retail sales culture

Inside Retail

Training that responds to customer feedback can result in growth in net promoter scores, average basket size, and market share. . The post How coaching influences retail sales culture appeared first on Inside Retail. It’ll help your team to develop appropriate skills, improve competencies, and to delight your customers.

article thumbnail

Australian retail sales are looking strong

Inside Retail

Australian retail sales reached a record high in the last three months of 2021. The fourth quarter sales data from the Australian Bureau of Statistics (ABS) showed an 8.2 per cent increase in sales. Retail sales in NSW & Victoria rose by 15.3 What are the implications of the strong retail sales data?

article thumbnail

Inflation, not volume, will drive retail sales growth until 2025 – report

Inside Retail

The quarterly Deloitte Access Economics’ Retail Forecasts finds that – based on trend analysis – real retail spending during the quarter to March 31 ran 6.2 per cent ahead of what might have been expected had Covid-19 not disrupted markets from early 2020. He expects retail sales by volume will increase by an average of only 1.1