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Retailbiz covers every aspect of Australia’s retail sector with a focus on the innovations and technologies that are driving the industry forward.
Five retail industry predictions for 2025 - retailbiz
Dec 17, 2024 · This year, we noticed that Australian retailers are less likely to pass on costs and fees to their shoppers and we’ve seen Australian shoppers prefer on-the-spot outcomes such as instant exchanges and instant refunds. Economic pressures in 2024 led to fewer returns but a rise in exchanges, as ...
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 major trends affecting the retail industry in 2024
Among global economic disruption, the last 12 months have seen an unprecedented rapid technological change, most significantly the emergence of generative AI.
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.
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.
Visa Retail Spend Monitor: Electronics and clothing dominate …
3 days ago · With the results in from Visa’s first Retail Spend Monitor, it’s evident many Australians are still enjoying retail therapy with total retail spending increasing by 7.4% year on year and total number of transactions increasing by 10.6%.
What’s on the horizon for supermarket retailing in 2025
Dec 17, 2024 · Amid challenging market conditions, Australia’s growing demand for fresh convenience options has continued to drive new retail opportunities for the grocery sector in 2024. As another festive season and new year approaches, it’s clearer than ever that retailers must continue to deliver value ...
Four payment predictions for 2025 - retailbiz
5 days ago · Australia is a curious market when it comes to payments. We lead the world in digital payments uptake, yet our systems lag comparable markets like Europe. While government legislation to lessen the monopolies on payments services are being introduced, consumers and businesses continue to grapple ...
About - retailbiz Australian retail news and inside views
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 journalists who collectively cover nine separate retail verticals ...