As interest rates put pressure on consumer spending, more households than ever are expected to make the most of sale season, with predictions suggesting a 142% increase in sales. Is your supply chain ready? TMX Strategic Advisor, {{linkedin_mention(urn:li:person:SgdJlTVCM_|Bruce Herbert)}}, shares his top five strategies to ensure your supply chain will withstand the pressures from the peak season. Read our latest blog here: https://lnkd.in/gbwHEPCm #SupplyChain #Retail #BlackFriday
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Really interesting insights from Nick Bubb in this article. One top-line insight - “Retailers will look to capitalise on that ahead of Christmas, helped by the stimulus from lower interest rates and new AI-linked product launches.” #blackfriday #ukretail #retailnews https://lnkd.in/eKjbPnKq
Retailers pin hopes on bumper golden quarter with Black Friday, Cyber Monday and Christmas
uk.finance.yahoo.com
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According to Bain & Company's Aaron Cheris, “Black Friday is a prime opportunity for retailers to refine their promotion strategies, ensure adequate inventory, and perfect in-store experiences. The retailers who are ready to meet consumer demand this season and prioritize this key holiday shopping window will come out ahead.” Read on below for more from Retail Dive: https://lnkd.in/gKFddUYr
Black Friday to Cyber Monday US retail sales to hit ‘record’ $75B
retaildive.com
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Earnings reports and?retail sales figures?this year reveal that?consumers remain cautious?about spending, continuing a?two-year trend https://lnkd.in/eR4BXGJ9 The situation has led many retailers toward markdowns, sales events and the?development of private labels. But research shows that in these inflationary times, shoppers aren’t focused solely on price #retail Retail Dive
How to win over customers in inflationary times. Hint: It’s not just about price.
retaildive.com
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Placer.ai provides key insights into consumer behavior at major retailers like Walmart, Target, and Costco. Here’s what you can learn: ?? Trends in foot traffic: See which stores are gaining or losing visitors. ?? Shopper habits: Understand peak shopping times and frequency. ?? Changing patterns: Track how consumer preferences evolve in real-time. #InvestorInsights #RetailTrends #PlacerAI #MarketIntelligence
Here's how long shoppers are spending at Walmart, Target and Costco — down to the second
qz.com
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?? While most of us are wishing for some summer sun, Christmas and Black Friday are already front of mind for #ecommerce and #retail brands ?? Director of Digital David Schulhof discusses the role of #logistics suppliers during the peak retail season and why businesses must be acting now in order to thrive ??https://lnkd.in/gbsNQdqW #logisticsindustry #blackfriday #bfcm
Why Black Friday & Christmas are make-or-break for 3PLs - The PHA Group
https://thephagroup.com
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???????????? ???? ???????????????? ???????????? ???? ??,??????+ ?????????? ???? ???????????? ?????????????????? Target, one of America’s retail leaders, has initiated a sweeping price reduction campaign, aiming to alleviate the burden of inflation on consumers while luring back wary shoppers. Target announced a significant cut on over 1,500 popular items, effective immediately, with plans to extend the reduction to a staggering 5,000 products throughout the summer. Read the full story > https://lnkd.in/eEpCRE-p #Target #retailnews #retailwire
Target Is Slashing Prices on 5,000+ Items To Combat Inflation - RetailWire
https://retailwire.com
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Some good news: Feeling Consumers’ Pain, Retailers Bring Back Discounts U.S. consumers, fatigued by a three-year bout of inflation, want lower prices. And large retailers that have increased prices, partly to contend with their own rising costs, appear to be responding to customer concerns — to an extent, the New York Times reported. Walgreens said last week that it was lowering prices on over 1,000 items. Target recently announced modest price cuts on 5,000 food products and household goods. Craft and furniture stores like Michael’s and Ikea have also said they will drop prices on popular items. A broader range of companies have indicated on quarterly earnings calls that they plan to slow price increases and seek other ways to expand profitability. Signaling empathy with customers facing higher living costs is an increasingly important marketing strategy, retail analysts say. But regardless of motivation, a shift is in motion that may help ease inflation in the coming months.
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?? Based on ReBound's recent survey, Jelle Schoenmaker, ReBound's Managing Director, shares valuable insights on shifting consumer behaviours around Black Friday and the holiday season in the latest Retail Technology Innovation Hub article. ??? From managing impulse buys and spike in returns to the importance of accurate returns data, Jelle highlights strategies retailers can adopt for a smoother returns process this peak season. ???????????????? ?????? ???????????? ?????? ???????? ?????????????? ???????? ???????????????? ???????????????? ?????????? ?????????????????? ???????????????? ????????????????????????. ???????? ???????? ???????? ?? https://okt.to/BMjl98 #ReturnsManagement #ReverseLogistics #HolidaySeason #PeakSeason #ConsumerTrends #RetailTech
ReBound Returns survey: Many Christmas shoppers not influenced by Black Friday Cyber Monday sales - Retail Technology Innovation Hub
retailtechinnovationhub.com
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The e-commerce landscape is constantly evolving, but one thing remains constant: the christmas season is a goldmine for online retailers – and by extension, for the ever-crucial Third-Party Logistics Providers (3PLs) that keep the supply chain humming. Yes I really am talking about Christmas and its only June!! 2024 is shaping up to be a particularly critical year for 3PLs. Check out my blog on why below. #Marketing #Logistics #3PL
?? While most of us are wishing for some summer sun, Christmas and Black Friday are already front of mind for #ecommerce and #retail brands ?? Director of Digital David Schulhof discusses the role of #logistics suppliers during the peak retail season and why businesses must be acting now in order to thrive ??https://lnkd.in/gbsNQdqW #logisticsindustry #blackfriday #bfcm
Why Black Friday & Christmas are make-or-break for 3PLs - The PHA Group
https://thephagroup.com
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Research into consumer behaviour during peak shopping periods is essential for successful demand planning. Our latest consumer spending report that we published today highlights the likely shopping patterns across consumer groups over Christmas. ? It covers the evolving Black Friday, consumer expectation, channel mix and how much ££££ were going to spend. You can see all the findings here: https://lnkd.in/dYJXBjTc
New survey explores UK consumer spending habits - GXO | Supply Chain Management | 3PL Contract Logistics
gxo.com
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