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What the Australian retail industry should expect for 2023
With the COVID-19 pandemic, the past 36 months have been a difficult time for Australia’s retail industry, with businesses having to navigate a plethora of challenges, ranging from rising costs and supply chain disruptions to grave labour shortages.. Further adding to the pressure on retailers are rising customer expectations.
The trends that will define the retail industry in 2024
Let’s face it, 2023 was another disruptive and unpredictable year for Australian retailers. Sales surged during retail events like Black Friday, Cyber Monday, and Click Frenzy, but much of the year was clouded by inflation, interest rate hikes, and cost-of-living pressures that impacted spending and sentiment.
Resilience in retail: How labour, skills, and technology can shape ...
Mar 19, 2024 · Just when the retail industry had turned a corner with the global pandemic and supply chain issues in the rearview mirror, it’s now confronted with a new set of hurdles.
Five trends that every retailer should be adopting in 2024
Nov 28, 2023 · The last few years have seen major shifts in the retail landscape, such as the rapid rise of eCommerce, growing demand for a more personalised shopping experience, omnichannel fulfilment options and faster delivery.
Retail trends for 2024: It all starts with data - retailbiz
Dec 20, 2023 · The retail world is changing at breakneck speed, thanks to digital capabilities, shifting consumer habits, and the rise of data collaboration and retail media networks.
Attracting and retaining customers with digital - retailbiz
Jun 7, 2024 · Retailbiz covers every aspect of Australia’s retail sector with a focus on the innovations and technologies that are driving the industry forward.
What retailers should look out for in 2024 - retailbiz
It has been a challenging few years for retailers, especially as they are more likely than average to face risk, according to FIS’ Global Innovation Report.With 89% of retailers concerned about rising inflation, and 78% worried about supply chain disruption, industry norms have been flipped.
Top retail innovation trends for 2021 - retailbiz
Digital transformation has accelerated at unprecedented speeds within the Australian retail industry since the COVID-19 pandemic first began. Retail businesses were forced to fundamentally reassess how they do business to survive and recover.
Data: The fuel accelerating retail’s transformation
May 9, 2023 · The Australian retail sector is undergoing a time of data transformation against a backdrop of economic uncertainty. During turbulent times, a retail business’ ability to harness its customer data could be the game changer that will make or break its success.