South African retail adapts to technological changes

Scottish government's grocery store surtax faces backlash. McDonald's misses major sales target amid Middle East conflict. And Mitsubishi Motors launches innovative digital solution for car buying.

Forward this email  |  View in browser Retail Insight Network In Brief February 07, 2024 SPOTLIGHT READ South African retail adapts to technological changes From AI-powered supply chains to cashierless shops, innovations are reshaping how consumers interact with brands and shops. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS Scottish government's grocery store surtax faces backlash  Retail leaders fear that the proposal, if implemented, would hinder investment and job creation in Scotland.   McDonald's misses major sales target amid Middle East conflict Declining sales in the Middle East and international boycott campaigns contributed to McDonald's mixed quarterly sales.   Mitsubishi Motors launches innovative digital solution for car buying The result is a tailored experience that speeds up vehicle purchases, benefiting both consumers and dealers.   VF Corporation reports 16% decline in revenue for Q3 FY24   The company posted a loss per share of $0.11 in Q3 FY24, against earnings per share of $1.31 in the same period of FY23.   Poor start to 2024 for German retailers facing supply chain issues The ifo Institute has analysed business development in the German retail industry.   Coles submits report to inquiry into Australian supermarket pricing The Coles grocery chain has reported a consistent profit margin of 2.6% since the financial year 2020.   UK retail sales growth slows in January 2024 amid cost of living crisis The slowdown comes as the cost of living crisis enters its third year. Read more news IN-DEPTH READ Personalization has grown alongside online retail   Personalization has increased as technologies have advanced, with a retailer's ability to collect, analyze, and utilize consumer data being aided by the effective use of analytics tools. Consumers are also increasingly individualistic, especially Gen Z, and want products that are specifically targeted to their needs and goals. Personalized products are currently especially prevalent in the health & beauty sector, due to the links to the health & wellness trend, which is also particularly important to young consumers.  Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Click below to view more from across the network: Packaging Gateway    |   Just Style   |   Just Drinks   |   Just Food        Was this email forwarded to you? Sign up here.   Please send any news or comments to: consumer.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences