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Australian Retail Outlook 2023: Paradigm shifts and fresh perspectives

Inside Retail

While Covid lockdowns shifted many shoppers online, the last six months have brought a leveling out of shopper participation in e-commerce, and of online as a proportion of retail sales. More than ever, it is a time for new perspectives and fresh approaches.

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Retail sales slip in March quarter: ABS

Inside Retail

Retail sales fell 0.5 On a month-by-month basis, sales rose 1.3 Online sales made up 9.4 per cent of monthly sales during the period, compared to 7.1 The data follows last week’s NAB Online Retail Sales Index, which found that online sales fell 0.5 per cent in March following a 0.8

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GoTo and Alibaba lead the charge in Asia-Pacific’s booming retail market

Inside Retail

Top 10 fastest growing retailers Amid the dynamic and competitive retail landscape in 2022, ‘GoTo Gojek Tokopedia PT’ and Singapore’s ‘Sea Ltd’ emerged as standout performers, achieving retail sales growth rates of 44 per cent and 43 per cent, respectively.

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‘Storm on the horizon’ for retailers amid economic pressures

Inside Retail

per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 From a psychological perspective, the inflationary conditions along with the continued rate hikes represent a clear and present danger.

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Why short-term data alone won’t cut it for retailers in 2024

Inside Retail

But 10 years later, advertisers are falling back into old habits ditching long-term brand-building efforts to purely focus on activation campaigns that deliver sales in the short term. And that applies equally to retail sales data. It’s all too easy to get stuck dissecting the monthly ABS retail data.

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How Retail Businesses Can Excel With Customer Services

Retail Focus

Exceptional customer service goes beyond driving sales. The annual retail sales in the UK totaled 496 billion pounds in 2022, growing significantly over the last decade. Considering these numbers, retailers have valid reasons to go above and beyond to capture their fair share of the market.

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Can Singapore’s CapitaLand maintain its momentum as the economy slows?

Inside Retail

For some time now, the growth of e-commerce in the Lion City has been falling back in line with the growth rate of retail sales as a whole. 2023: the year of normalisation Retail sales per square foot (or per square metre according to your taste) for CapitaLand’s malls increased 10.2 per cent versus 4.1