Retail News.

WELCOME TO THIS MONTH'S RETAIL DOCTOR NEWS
Do you have 20/20 vision on your customers?
Unlock clarity in time for 2020 with Retail Doctor Group's Limbic Insights™ proprietary methodology. This model leverages the latest research on consumer decision-making to create actionable competitive advantages for retailers, brands and shopping centres.
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Selling With Neuroscience: How the Brain Influences Consumer Behaviour
Insights

It is believed that human beings are logical in their decision making, however new research indicates humans are driven by emotion. Why do we choose certain brands over others? It all lies in the limbic system. Humans are attracted to brands that have values that resonate with them. In fact, positive emotions toward a brand have a greater influence on consumer loyalty than other judgments.

  READ MORE  
The 5 Golden Rules of reducing your occupancy costs: Rule #1

Implementation

Approximately 85% of shops nationally reside in shopping centres. Therefore talk of their demise is somewhat exaggerated, however they do have to adapt. We will examine 2 scenarios.
1. A prospective tenant at a shopping centre
2. About to enter into a lease renewal as an existing agent

  READ MORE 
 
Australian Retail Innovators | 2019

Innovative Retail

Retail Doctor Group is proudly showcasing the most innovative examples of best practice Australian retail in our Retail Innovators 2019 Whitepaper and Webinar. The finalists are noteworthy retailers, large or small, who are outstanding in their approach to innovation.
 WATCH RDG WEBINAR 
 DOWNLOAD RDG WHITEPAPER 

Insights Barometer.

A LOOK INTO CONSUMERS' MINDS AND BEHAVIOURS
57% of Millennials advised it was important for retailers to send personalised emails and other marketing content based on previous purchases.

66% of Millennials said they were interested in retail stores that organised customer events and activities.

  WHAT DOES THIS MEAN FOR YOUR RETAIL STRATEGY?  

Source: RDG proprietary research studies.
 

In the Media.

OUR LATEST RETAIL AND MEDIA COMMENTARY
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American Express Shop Small returns with cashback for cardholders
Businesses feel the pinch
Brian Walker highlights the importance of supporting small businesses
Unrealised small business plans cost $93.8b to our economy
What Retailers Can Learn from Aldi: Could it Solve the Retail Crisis?
 

Trending Posts.

THE HOTTEST TOPICS ON LINKEDIN
 

Vital Statistics.

Australian Bureau of Statistics
The trend estimate rose 0.2% in September 2019.
This follows a rise of 0.2% in August 2019, and a rise of 0.2% in July 2019.
 
The seasonally adjusted estimate rose 0.2% in September 2019.
This follows a rise of 0.4% in August 2019, and a relatively unchanged result of 0.0% in July 2019.
 
In trend terms, Australian turnover rose 2.4% in September 2019.
compared with September 2018.
 
The following industries moved in trend terms in September 2019:
Food retailing 0.2%, Clothing, footwear and personal accessory retailing 0.4%, Other retailing 0.3%, Cafes restaurants and takeaway food services -0.1%, and Department stores 0.2%, Household goods retailing 0.2%.
 
The following states and territories moved in trend terms in September 2019:
NSW 0.1%, VIC 0.1%, QLD 0.1%, the ACT 0.4%, NT 0.0%,
TAS 0.4%, SA 0.1%, WA 0.5%.
 

As Australasia’s most awarded retail advisory and consultancy firm, we leverage our proven methodologies to guide you to achieving your business goals. Interested in building your business fitness? Get in touch by calling us on +61 2 9460 2882 or email businessfitness@retaildoctor.com.au.
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