Is your retail business prepared for the holiday season's unique challenges? The festive period poses a unique challenge to retailers regarding shrinkage, thanks to a busier retail environment, a larger volume of high-price items on shelves, and increased consumer demands, all of which increase the likelihood of theft. This ‘perfect storm’ of factors, against the backdrop of the cost-of-living crisis, means retailers are already experiencing hefty rises in shoplifting. Experts predict this will only worsen as we edge closer to the big day. Of course, certain products tend to be more susceptible to theft due to their desirability and market value. But don’t worry—we have prepared something for you that can help you safeguard your profits during this festive season. #business #retail #holiday
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UK retail sales saw significant growth in August, driven by warmer weather as consumers stocked up on picnic and barbecue supplies and refreshed their wardrobes with new seasonal outfits. For more insights, read the full article in The Guardian: https://ow.ly/LNKo50TjaUo #News #Retail #Economy #UKEconomy
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Retail sales activity surrounding the 2024 Easter season reveals so much more than holiday shopping activity. ?????? “Current #retail purchase patterns are being led by the consumer,” says Circana's Marshal Cohen. Are these lasting changes, or merely short-terms reactions to cumulative financial impacts and looming concerns? Get the full story below ?? #Easter #retail #toys
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Dismal weather and disappointing sales led to a depressing start to spring for retailers, even accounting for the change in timing of Easter, according to data from the British Retail Consortium https://lnkd.in/ezqkuQPu #retail #retailnews #retailsales #shopping #consumerbehaviour #consumerinsights #consumerspending
BRC: Wet Weather Dampens Retail Sales In April
insightdiy.co.uk
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Dismal weather and disappointing sales led to a depressing start to spring for retailers, even accounting for the change in timing of Easter, according to data from the British Retail Consortium https://lnkd.in/ezqkuQPu #retail #retailnews #retailsales #shopping #consumerbehaviour #consumerinsights #consumerspending
BRC: Wet Weather Dampens Retail Sales In April
insightdiy.co.uk
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With the critical holiday shopping season rapidly approaching, retail sales increased moderately in October. Read what our experts have to say. #economy #retailsales https://lnkd.in/gMDCpy9k
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3 tips for defusing retail shopping tension. While the holiday shopping season is prime time for combustible interactions within the store environment, retailers can avoid the scenario year round with a few strategies. One surprising one is to let go... https://ow.ly/Ck8c105b2QY
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Do empty stores affect your shopping centre? ??? Results from our AL Marketing Spring 2024 Seasonal Shopper Survey show that the number of empty shops was by far the most significant concern across all shoppers with 85% citing this as an aspect requiring improvement. This rose to 88% amongst shoppers in medium sized centres and in the smallest centres – which often have the lowest presence of national multiples – it was of slightly less concern (cited by 80%) but still clearly significant. A slightly greater proportion of shoppers in centres in the North regard this as an issue (90%) than those in the Midlands or the South. Want to read the full report? Head over to our website now ?? https://lnkd.in/eXjnfQtq #ALMarketing #SpringShopperSurvey #EmptyStores #Retail #ShoppingCentres -------- Follow #ALMarketing and tap the ?? to know when we post next! For more information about our services, check out our website here: www.almarketing.com
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You must’ve come across retail stores around you where the main focus isn’t over the products but the pricing. These stores are known as fixed-rate stores, which have a uniform price range across all products and categories, and the prices fixed are usually low. If we observe the buying pattern of consumers closely, averaging out our observations, we’ll observe a common pattern: Cheaper the goods, more is the quantity bought, i.e., humans tend to hoard items regardless of their utility when they come across low prices. This hoarding attitude is supported by store's strategy of providing everything under one roof, from a pen to clock, a desk to bottle, they've got it all! This leads to an increase in the average ticket price. Now, this average ticket price is what is responsible for such a retail store's profitability. They might not be earning on each product, but they’re earning on the total amount. Can you think of some examples of such stores? Let me know down below!
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Looking to build out your next retail holiday program? Our latest Holiday Retail Insights Webinar delves into the most pertinent holiday shopping trends in the past year. Download the recording today to access the latest holiday trends at retail: https://bit.ly/3C6pxk7
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In our recent post, we covered the overall trends in #retail cart abandonment in 50 statistics. These numbers give us insights into the scale of this issue and the specific reasons why customers abandon their carts before making a purchase. For a full picture, read the story here ?? https://lnkd.in/dJztCgKe #AbandonedCart #Stats #DataDrivesInsights
