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WEBRetailbiz covers every aspect of Australia’s retail sector with a focus on the innovations and technologies that are driving the industry forward.
The trends that will define the retail industry in 2024
WEBHere are some trends that we anticipate will define the year ahead. 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%.
ARA crowns winners of inaugural Retail Awards - retailbiz
WEB1 day ago · The 2024 ARA Retail Award winners by category are: Shop Small Retailer of the Year – presented by American Express: Glow Collection. Sustainability Excellence: IKEA Australia. People and Culture Excellence: Craveable Brands. Innovation Excellence: 7-Eleven Australia. Franchisee Excellence: Australia Post – …
Three in four businesses evolve in the last four years more than ...
WEBMay 3, 2024 · Three in four businesses say they’ve evolved more in the past four years than previous 20 years, and Australian businesses are the most likely globally to feel the pressure to do more with less. According to the HubSpot research, 70% of local businesses agree that the introduction of AI has required them to reinvent, but that doesn’t ...
Five trends that every retailer should be adopting in 2024
WEBNov 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 ...
Large Format Retail market reports record-breaking transaction …
WEBSep 15, 2024 · Following a strong 2023 with the sale of Chirnside Lifestyle Centre for over $50 million and Dan Murphy’s Shepparton for $13 million, 2024 has carried on the momentum as Colliers Retail Middle Markets has transacted Shepparton Retail Hub for over $11 million in February and the record-breaking sale of …
Australian businesses increase investment in AI - retailbiz
WEBAug 29, 2024 · Australian businesses increase investment in AI. by Emily Bencic August 29, 2024. . Australian businesses are recognising the benefits of AI and plan to significantly boost their AI spending in the coming years to improve operations, drive growth, and remain competitive globally, according to BSI’s International AI Maturity Model.
Attracting and retaining customers with digital - retailbiz
WEBJun 7, 2024 · Attracting and retaining customers with digital. In 2024, it comes as no surprise that retailers are continuing to invest in building omnichannel approaches to customer acquisition and retention. However, retailers are experiencing increasing pressures from international marketplace businesses offering price competitive offerings that are often ...
Loop report urges Australian brands to adapt to new customer …
WEBAug 29, 2024 · Loop report urges Australian brands to adapt to new customer demands. As households tighten their wallets amid soaring living costs, new data highlights the urgent need for retailers to adapt to a shifting consumer landscape. The latest ABS data shows non-essential spending has dipped by 1.9%, while essential spending has surged by …
Latest News Archives - retailbiz
WEBNov 18, 2020 · Five tips to prepare retailers for the 2020 sale season. by Emily Bencic November 12, 2020.