BoR Daily Digest | Beyond Price Competition, Fastest Growing Retailers, Mobile Checkout, Retail Trends, Macy’s Increasing Same-Store Sales


Competing Beyond Price To Maximize Customer Loyalty –

“Mobile price comparison and other new ways shoppers are researching products have prompted retailers to implement new strategies, including price-matching models and more consistent pricing across channels — in an effort to attract price-conscious consumers. While addressing pricing challenges, however, merchants must continue to address customer wants, needs and expectations, noted Greg Girard, Program Director of Merchandising and Marketing Strategies and Retail Analytics at IDC Retail Insights.”

24 of world’s fastest growing retailers from emerging countries: Deloitte –

“The growth in large emerging markets such as China is projected to add at least 70 million new consumers to the global middle class per year, which is an additional 500 million new middle-class consumers by 2020,” said Vicky Eng, global retail lead, Deloitte US. “This new wave of consumption represents a huge opportunity for consumer businesses.” In Asia-Pacific, these companies were led by Australia’s Westfarmers Ltd (which also topped the global list of fastest-growing brands), China’s Wu Mart Group, Hong Kong’s Belle International Holdings limited and China’s Suning Appliance Co Ltd.”

Mobile Business Transactions: What, Who and Why –

“If you’ve ever visited a store that utilizes “Self Checkout,” you can appreciate the time savings that it offers to consumers who need to quickly get in and get out with their purchases. But what if there was something even better and even faster than self checkout? The future of shopping is just around the corner and it is coming in the form of mobile transactions, or mobile checkout.”

Britain’s high street revolution shows what’s in store for us –

“”What we are seeing is a seismic shift in shopping habits,” said Tim Steiner, chief executive of online grocer Ocado . Britain leads the way in internet shopping, with online sales making 10 per cent of all retail business in 2012, ahead of the United States, where about 7 per cent is online, and the rest of Europe. For Australia, the Commonwealth Bank reported late last year that online sales represent 5.4 per cent of retail sales. Britain’s online retail sector is rising rapidly too. This year it is expected to rise another 12 per cent to £87 billion ($A131 billion).”

Macy’s Leads Biggest Same-Store Sales Gain Since 2011 –

Macy’s Inc.Gap Inc. and Target Corp. led U.S. retailers to the biggest monthly same-store sales gain in more than a year as shoppers snapped up discounted merchandise chains were clearing out after the holidays. Same-store sales at Macy’s, the second-largest U.S. department-store chain, advanced about 12 percent, surpassing the average projection of 5 percent from analysts surveyed by researcher Retail Metrics Inc.”

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