53% of Australians do not expect their purchasing power to improve in 2024, and many will reduce their purchases on selected verticals. We discovered this and many other key insights with ShopFully's latest survey. Curious to know more? Read the article by @Stephanie Cate Chadwick on Inside Retail Australia https://lnkd.in/gdETEnRW
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🌟The #AustraliaPost “Inside Australian Online Shopping” report for 2023 is out now! Dive into the summary of the latest trends in eCommerce and the future of online shopping in Australia. Key takeaways: 🛍️ Aussies spent $361 billion on retail goods in 2023, a 2% increase from 2022. 🛍️ Online spending reached $63.6 billion, with shoppers making more frequent but smaller purchases. 🛍️ Online shopping now accounts for 16.8% of total retail spend. 🛍️ 8 in 10 Australian households shopped online in 2023, totaling 9.5 million, with regional areas driving growth. 🛍️ About 1 in 7 Aussie households made weekly online purchases, highlighting the significance of eCommerce in daily life. 🛍️ 78% of Australians believe loyalty programs enhance their shopping experience. Stay informed and ahead of the curve with the latest insights from the Australia Post report on our LION website 👇 🔗https://hubs.la/Q02qx12X0 #ecommerce #retail #shoppingtrends
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🌟The #AustraliaPost “Inside Australian Online Shopping” report for 2023 is out now! Dive into the summary of the latest trends in eCommerce and the future of online shopping in Australia. Key takeaways: 🛍️ Aussies spent $361 billion on retail goods in 2023, a 2% increase from 2022. 🛍️ Online spending reached $63.6 billion, with shoppers making more frequent but smaller purchases. 🛍️ Online shopping now accounts for 16.8% of total retail spend. 🛍️ 8 in 10 Australian households shopped online in 2023, totaling 9.5 million, with regional areas driving growth. 🛍️ About 1 in 7 Aussie households made weekly online purchases, highlighting the significance of eCommerce in daily life. 🛍️ 78% of Australians believe loyalty programs enhance their shopping experience. Stay informed and ahead of the curve with the latest insights from the Australia Post report on our LION website 👇 🔗https://hubs.la/Q02qw-Xj0 #ecommerce #retail #shoppingtrends
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See our summary of the #AustraliaPost report for 2023! Discover key insights and the future of online shopping in Australia.
🌟The #AustraliaPost “Inside Australian Online Shopping” report for 2023 is out now! Dive into the summary of the latest trends in eCommerce and the future of online shopping in Australia. Key takeaways: 🛍️ Aussies spent $361 billion on retail goods in 2023, a 2% increase from 2022. 🛍️ Online spending reached $63.6 billion, with shoppers making more frequent but smaller purchases. 🛍️ Online shopping now accounts for 16.8% of total retail spend. 🛍️ 8 in 10 Australian households shopped online in 2023, totaling 9.5 million, with regional areas driving growth. 🛍️ About 1 in 7 Aussie households made weekly online purchases, highlighting the significance of eCommerce in daily life. 🛍️ 78% of Australians believe loyalty programs enhance their shopping experience. Stay informed and ahead of the curve with the latest insights from the Australia Post report on our LION website 👇 🔗https://hubs.la/Q02qx12X0 #ecommerce #retail #shoppingtrends
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🌟The #AustraliaPost “Inside Australian Online Shopping” report for 2023 is out now! Dive into the summary of the latest trends in eCommerce and the future of online shopping in Australia. Key takeaways: 🛍️ Aussies spent $361 billion on retail goods in 2023, a 2% increase from 2022. 🛍️ Online spending reached $63.6 billion, with shoppers making more frequent but smaller purchases. 🛍️ Online shopping now accounts for 16.8% of total retail spend. 🛍️ 8 in 10 Australian households shopped online in 2023, totaling 9.5 million, with regional areas driving growth. 🛍️ About 1 in 7 Aussie households made weekly online purchases, highlighting the significance of eCommerce in daily life. 🛍️ 78% of Australians believe loyalty programs enhance their shopping experience. Stay informed and ahead of the curve with the latest insights from the Australia Post report on our LION website 👇 🔗https://hubs.la/Q02qwZzf0 #ecommerce #retail #shoppingtrends
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Despite a boost in UK consumer confidence, the recent analysis by the Financial Times reveals a slowdown in retail spending growth during January. According to British Retail Consortium, weak consumer demand led retail sales growth to slow, whilst the January sales helped to boost spending in the first two weeks, this did not sustain throughout the month. Consumers are exercising caution, prompting concerns about weak spending. As retailers, it's crucial to adapt and influence strategies for customer acquisition. The upward trajectory of spending presents an opportunity, but how can retailers capitalise on this? Data-driven strategies are paramount in thriving in the retail landscape. Understanding your true customer goes beyond demographics. It involves leveraging real-time, accurate data to gain profound insights into customer behaviors, preferences, and expectations – whether online or offline. It's no longer just about selling products; it's about selling experiences. To meet customers on their preferred interaction channels, retailers must establish a robust presence across physical stores, online platforms, and social media. This integrated approach ensures a seamless experience for customers and enhances the overall brand perception. What are your thoughts on the current state of UK consumer confidence? How can retailers thrive amidst challenges? Share your views and insights! #data #datasolutions #omnichannel #UKconsumerconfidence #retailtrends2024 https://ow.ly/vS4o50Qzvj6
UK retail sales growth slowed in January, industry data shows
ft.com
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The cost-of-living crisis is not dampening Australians’ enthusiasm for retail therapy, with new data from Australia Post revealing online spending grew by 2% in the last year. More than 5.7 million Australian households bought something online each month in the last quarter, which recorded a 4.4% jump in online purchases compared to the same period last year, reports SmartCompany. The most popular items were fashion, apparel, health, beauty and recreational goods, with end-of-financial year sales spurring spending. But the number of items in online baskets has dipped by 2.6% year on year. This indicates shoppers are buying more frequently, but purchasing cheaper items, says Australia Post’s post and parcel general manager Gary Starr. “We know shoppers are taking advantage of sales, managing the size of their baskets and using online shopping to help compare costs,” he said. Professionals are discussing the data on LinkedIn, with Profit Peak founder Carla Penn-Kahn arguing the trend means Australians are holding out for sales events to shop. "The result is retail trade is becoming even more seasonal with not only weather patterns and gifting events driving shopping behaviours but now discounting windows," she writes. Economic conditions have also not dampened Aussie appetite for streaming services, with a study by consultancy firm Simon-Kucher showing the number of subscriptions per person grew from 2.5 to 3.1. What retail spending trends are you seeing? What’s your prediction for the coming months amid rising inflation and potentially higher interest rates? Share in the comments below. By Cathy Anderson Photo: Getty Images Source: SmartCompany: https://lnkd.in/dchX8zXz Mumbrella: https://lnkd.in/g4ZZxW83 Carla Penn-Kahn: https://lnkd.in/dpfeqpCD
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The Australia Post 2024 Inside Australian Online Shopping report reveals some VERY interesting insights. Average order value (AOV) dropped 4.6% last year to $98.10, though frequency of online purchases has noticeably increased. 9.5m Aussies now shop online, a 1.4% YoY increase, but a significant jump from the 2019 8.1m figure. So, we're shopping online more but checking out with smaller basket sizes. Continued economic pressure looks to be creating more thoughtful purchase behaviours for many of us. For example, we're spending 10.7% more on non-discretionary items compared to only 1.1% more on discretionary goods. Online marketplaces may also have a hand in that decelerating AOV, attracting a 9.1% surge in consumer spending. Marketplaces' loyalty programs and free shipping benefits seem to be grabbing the attention of shoppers as they make more considered purchase decisions. Only one thing is sure at this point - that it will be another interesting year watching how the ecommerce landscape evolves in 2024! See the full Australia Post report here: https://lnkd.in/g252Bwer #EcommerceGrowth #Retail #OnlineGrowth #Ecommerce
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Quick update! The Golden Quarter Retail Spend Report by Experian and Reward is now available through the British Retail Consortium website. With online Christmas spend forecasted to grow by £1.1 billion compared to last year, this report is packed with insights to help #retailers optimise their #campaigns this festive season and beyond. Have a read here: https://lnkd.in/ehbNmA6v #RetailInsights #GoldenQuarter #DataDrivenMarketing #ChristmasCampaigns
Online spend set to exceed last year’s Christmas sales by £1.1billion
brc.org.uk
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Over the last decade, retail has seen a major shift online, with Australians spending $63.6 billion on eCommerce in 2023. But contrary to some predictions, physical stores are far from dead. In fact, 76% of Australians still shop in-store at least once a month, compared to 43% who shop online for non-essentials. What’s more, 45% of consumers research products online before making in-store purchases. 🚀 To stay competitive, retailers must bridge the gap between online and offline shopping. This means making in-store inventory visible online and offering services like click-and-collect, which 19% of shoppers value highly. Personalizing the in-store experience is also crucial, as 25% of customers seek personalized service and local deals. Especially, as the festive seasion is ready to go full-swing, Australians shoppers are rushing to get their Christmas wishlists wrapped under the Christmas trees, retailers are gearing up to best serve their customers. 🎄 Rather than viewing eCommerce as a threat, savvy retailers are using it to enhance the in-store experience. By integrating both channels, businesses can drive foot traffic, boost sales, and foster customer loyalty. In today’s market, online and offline strategies aren’t competitors—they’re essential partners in delivering a seamless, satisfying shopping experience. The better these channels work together, the more successful retailers will be in the rapidly evolving retail landscape. 🚀🎄 #Simplesellers #ecommerce #Christmas #brickandmortar #retail
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#Kiwi shoppers spent $1.5 billion on online physical goods in the 3rd quarter of 2024 (Q3 2024), up 1% from the same period last year (Q3 2023). This growth was driven by an 8% increase in the number of online transactions and offset by a 6% decrease in the average amount spent on each transaction. We continue to see online shopping holding up much better than instore, which was down 5% on Q3 2023. It appears shoppers are moving their spend online to make their dollar go further as the tough economic times continue. Some key takouts: 🛒 Shoppers are searching for value, gravitating online to compare prices and to search around for the best deals. 🛒 Shoppers are focusing the majority of their spending on essential items – like food & clothes - rather than on discretionary wants like recreation & entertainment. 🛒 Shoppers are buying online more often but spending less each time. This suggests shoppers are buying less items, swapping to cheaper alternative brands, and/or choosing to shop while items are discounted. 🛒 A rise of online transactions with overseas retailers. 72% of spending online in Q3 2024 was with local businesses, which is consistent, but the percentage of online transactions from local retailers fell from 70% to 68%, as online transactions from offshore retailers grew at a faster rate. 🛒 Basket Size: The average spend per transaction in Q3 2024 was $96, down $6 (6%) on Q3 2023, with shoppers choosing fewer and/or cheaper products. 🛒 Year to Date: Kiwis spent $4.36 billion online in the first nine months of 2024. This is 3.4% up on the same period in 2023. #retail #media #retailmedia #newzealand #NZ #NZbusiness #ecommerce #commerce #retailnews #nzpost NZ Post
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