Is convenience really king in retail? 🤔 While it’s often assumed that consumers prioritize convenience above all, the data tells a different story. Cross-visitation is on the rise and visit duration is declining—showing that consumers are increasingly focused on value, quality, and experience. Check out our latest Weekly Brief to learn more!
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It's all convenience in 2024. And having a convenient product isn’t enough, you need to guide your consumers every step of the way. This is connected to the value of time, our second big retail trend of this year. 👉 Read all about it in our blog: https://lnkd.in/eN5KaRrD.
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It's all convenience in 2024. And having a convenient product isn’t enough, you need to guide your consumers every step of the way. This is connected to the value of time, our second big retail trend of this year. 👉 Read all about it in our blog: https://lnkd.in/eD4tDgPY.
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Consumer resiliency remains strong despite a dip in discretionary spending. Household focus on essentials and experiences has boosted core retail sales by 3.8% year over year in June. Notably, restaurants and online shopping have shown significant gains, leading the way in this trend. For detailed insights, explore the full report here: https://lnkd.in/erPHtUA8 #cre #retail #investing
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Unlocking Retail Loyalty in a Changing World: The Power of Consumer Closeness ️ Today's consumers crave a seamless shopping experience, and that's where consumer closeness comes in. By truly understanding customer needs and staying ahead of trends like blended digital-physical experiences, retailers can build lasting loyalty in a dynamic market. Crystle Uyeda dives deep into this concept in our latest blog. She explores how retailers can leverage consumer closeness to bridge the gap between online and in-store shopping, catering to evolving preferences. Ready to learn more? Check out the full blog on our website! #dowhatmatters #closeness
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It sounds like the future of shopping is all about smarter, tailored experiences. Fingers crossed stores are here to stay. What does the future hold for the retail industry? In this report, we’ll unpack the biggest retail trends for 2024 and beyond. https://dy.si/uTPF2Q2
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Price-sensitive shoppers are turning to larger retailers, leaving C-stores behind. To stay competitive, c-stores should rethink pricing or offer unique value. It's time to innovate and adapt! #ConvenienceStores #RetailTrends #PricingStrategy
Comparatively Speaking
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Retailers beware: if you miss a delivery date, 58% of consumers won’t give you a second chance 📦 Check out project44’s State of Consumer Holiday Shopping 2024 to learn what’s driving this trend and how #retailers can keep up: bit.ly/3Bs4b38
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Retailers beware: if you miss a delivery date, 58% of consumers won’t give you a second chance 📦 Check out project44’s State of Consumer Holiday Shopping 2024 to learn what’s driving this trend and how #retailers can keep up: bit.ly/3Bs4b38
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What’s the crack? 🥚 As we hop into Easter, our Retail Occasions tracker shows that there’s still over £1bn left of consumer spend up for grabs in a market worth £1.7bn! 🤯 There are 9 key Retail Occasions during the year. From Father’s Day to Christmas, we’ve got the answers to all the important questions on consumers’ attitudes and shopping behaviour for the rest of the year. Visit the hub to find out how you can activate shoppers across this year's biggest occasions: https://okt.to/PoE2fv
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Klára Bejblová, our Head of Retail Research, delves into the key findings from the 12th edition of the Shopping Centre Index, focusing on the impact of inflation and customer behaviour. What is notable about this year's results? 📊 Inflation played a significant role in 2022 & 2023, with its growth and level being truly incredible. It contributed to revenue growth, which actually declined in real terms. Shopping centre attendance increased by 4% year-on-year but is still 8% below 2019 levels. Turnover in shopping centres grew by 5% year-on-year, marking a 16% increase compared to 2019. To understand the full impact on your business, watch the full video or connect with Klára Bejblová. #ShoppingCentreIndex #RetailMarket #MarketInsights
Klára Bejblová | Retail Insights 2024
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