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Shoppers hold back as gloom persists about world’s second-largest economy
...The telecoms group expects convenience stores to become more important to ageing shoppers as a falling population hollows out the regional retail sector....
...Rising geopolitical tensions in recent years have created a more patriotic group of Chinese shoppers....
...But since the pandemic ended, shoppers in the UK have fallen back in love with in-store shopping while online players have had to grapple with stiff logistical challenges, mounting competition from ultra-cheap...
...Shopping centres and retail parks were less popular with shoppers than high streets, with visits down 1 per cent year on year, and about a quarter lower than in 2019, according to MRI Software....
...The effects of two years of above-normal inflation have also driven up prices for shoppers. Deferring payment is one way for consumers to cope with the strain....
...The update follows a previous strategy overhaul in 2020, focused on putting food at the heart of the business in an effort to stop shoppers from defecting to cheaper German rivals Aldi and Lidl....
Japan is a pioneer of combining retail outlets with pharmacies and support services for ageing shoppers
Also in this newsletter: Nissan’s EV plans for UK, Trump’s threat to green transition, China recruits western influencers
...It indicates shoppers are buying fewer goods despite spending more — a pattern seen since the second half of 2021....
...Others, such as John Lewis, which have suggested they can use shoppers’ brand affection to find success in unrelated sectors should take note....
...Maybe the answer is to give shoppers both options. Instacart is looking for ways to insert itself into the lives of shoppers who prefer to buy their groceries in person....
...He is on a drive to recruit Generation Z and millennial shoppers with a penchant for design and technology who increasingly stream music as well as wealthy individuals who “don’t want to have something ugly...
...Crucially, they display a fuller range, tempting shoppers to spend more per visit....
...A report by Global Blue, a Swiss payments company, found that the amount spent by US shoppers in Britain in 2022 was 1 per cent higher than in 2019....
...UK supermarket Sainsbury’s said it would buy back £200mn of shares and cut a further £1bn of costs as it updated its strategy, which is designed to attract more shoppers to its stores....
...Abercrombie & Fitch’s ability to persuade middle-aged shoppers to retread the choices of their youth helped its shares quadruple last year, to an all-time high....
...Shoppers have discount fatigue. Desperate to secure our Christmas spend, most online retailers have already launched their Black Friday sales. Some are stretching it by calling it “Black November”....
...The Chinese lunar new year gives every shopper a reason to splurge....
...More concerning was “the lack of Chinese spending power in Hong Kong, as Hong Kong fades in appeal to Chinese shoppers still willing to spend to other locations,” Moody’s Lim said, noting that “prime among...
...British retail sales fell much more than expected in July as an unusually wet month kept shoppers from the high street, according to official statistics....
...Top customers will get all the attention While “aspirational” and first-time luxury shoppers are zipping their wallets shut, luxury executives say that their loyal customers continue to splash out — and...
...“Now they’ve started coming here, but what can they bring us, they don’t have any shoppers.”...
...Word travels via private shoppers and the “dear friends” of Cools’ high-net-worth clients....
...“Things are looking up for shoppers this February.”...
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