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Writer's pictureJuanita Neville-Te Rito

ICYMI and what we are reading - September 2024



We make it easy for you to keep up to date with what's happening in the world of retail. Check out what we are reading this month and why.


If you're after more frequent updates about what is happening in the world of retail and CX, give us a follow on LinkedIn: RX Group


 

Second Hand September has arrived in Aotearoa

This September, Designer Wardrobe brings Second Hand September to the shores of Aotearoa in partnership with Dress for Success Auckland.


In an era where conscious consumption reigns, this initiative invites fashion lovers to discover the beauty in more mindful fashion choices.


 

Walmart Marketplace expands into premium beauty, collectibles and pre-owned categories

Walmart has expanded its Marketplace to include the categories of premium beauty, secondhand items and collectibles with efforts to accelerate its online Marketplace, which has seen over 30% sales growth in each of the past four quarters.


 

“One of Retail’s Most Difficult Years” July Retail Turnover Dwindles

Australian Retailers Association (ARA) CEO Paul Zahra has called 2024 one of retail’s most difficult years following the Australian Bureau of Statistics (ABS) report that July’s retail turnover was unchanged month on month, and is up just 2.3 percent year-on-year at $36.1 billion nationwide. 


 

Grocery sector set for regulatory shake-up after inaugural Commerce Commission report

The Commerce Commission is preparing to take decisive action following the release of its inaugural Annual Grocery Report. Grocery commissioner Pierre van Heerden said the report painted a 'concerning picture' and expressed alarm over the report's findings.


 

UK Based Frasers Group Buys $165m Accent Group Stake

Frasers Group who own a large portfolio of brands notably including Sports Direct and the IPs of Everlast and Slazenger have boosted their international footprint with their purchase of Brett Blundy's 14.65% stake in Accent Group.


 

John Lewis launches online Christmas shop

John Lewis has opened its online Christmas shop as shoppers begin looking to stock up on festive decorations. The company has said customers are already getting into the festive spirit, with searches for Christmas tree decorations and baubles up 30% on last year. They expect supersized wreaths and oversized bows to take centre stage this year as ‘doorscaping’ and playing with scale become popular trends.


 

Australia’s 18-month retail recession exposed in “horror show” report

Australian businesses are enduring an “economic horror show” through a retail recession, with meaningful relief unlikely before 2025. Fresh analysis from Deloitte Access Economics, released overnight, shows real retail spending has fallen in six of the last seven quarters.


Per capita spending — the amount spent on retail businesses divided by the number of Australian households — paints an even grimmer picture.

“Real per capita retail spending has contracted for the last eight quarters and is now 2.5% lower than June 2023 and 6.3% lower than June 2022,” the report said.


 

What we are reading






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