Home - retailbiz
Afterpay: Shoppers to spend more this Christmas, nearly half will use BNPL. RetailBiz. Retailbiz covers every aspect of Australia’s retail sector with a focus on the innovations and technologies that are driving the industry forward. Online Retailing. Offline Retailing.
The trends that will define the retail industry in 2024
AI adoption will increase. In 2023, artificial intelligence (AI) exploded into mainstream consciousness thanks to the prominence of ChatGPT. In 2024, that momentum will continue. In fact, by 2026, the global AI market in the retail industry is projected to grow by 70%. AI is still in the early stage of its evolution, and many retailers have yet ...
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.
Five trends that every retailer should be adopting in 2024
Nov 28, 2023 · Five key trends that retailers should adopt to stay ahead of the curve in 2024: Warehouse optimisation, digitalisation and automation: The integration of digital technology and automation (including robotics, AI and machine learning tools) with space-optimising vertical or cube storage systems, enables retailers to streamline their warehouse ...
Three tactics for every retailer’s peak season strategy
2 days ago · Three tactics for every retailer’s peak season strategy. by Laura Hill November 13, 2024. . November and December represent the year’s busiest months for the retail and eCommerce industry. With major shopping events like Click Frenzy, Black Friday, Cyber Monday and Boxing Day creeping up, retailers should be well-armed with the right ...
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.
Retail trends for 2024: It all starts with data - retailbiz
Dec 20, 2023 · Retail trends for 2024: It all starts with data. by Damien Mitchell December 18, 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. Here is what we can expect from retail in 2024.
Three strategies to ensure your retail business succeeds in 2024
Jan 23, 2024 · Here are the top three ways retailers can set themselves up for success in 2024 and beyond. Review your supplier arrangements and find savings. The top three concerns for SMEs are the rising cost of goods or services (58 per cent), increasing utility bills (48 per cent) and lower-than-expected consumer spending (36 per cent).
About - retailbiz Australian retail news and inside views
About. Retailbiz has been reporting on Australia’s $299 billion retail sector for over a decade. As the retail industry is constantly evolving, Retailbiz is committed to bringing you not only the latest retail news and trends but also the innovations and technologies that are driving the industry forward. Drawing on a large team of ...
Six crucial retail trends transforming the industry in 2023
Feb 14, 2023 · Expect more rebalancing of consumer shopping habits in 2023. Online shopping habits forged during the pandemic won’t disappear. Still, shoppers will continue to sort their spending between the convenience of clicking to buy and the high-touch and immediate reward of in-person retail. 5. Omnichannel selling becomes essential.