Tanger’s Post

Retail Statistic of the day - RM 62.4 billion, that represents the Sales Value of the Retail Trade in December 2023 according to the Department of Statistics Malaysia. This number is up 5% from the previous month. It's important to remember that despite the challenges facing the retail sector, customers still have the confidence to spend. As business owners, it's crucial to focus on delivering value to customers. Remember, pricing is never the issue; it's the perceived value of your product or service in relation to the price that's causing hesitation. Factors like outlet design, packaging, and customer service can all affect the perceived value of your products or services. If you're unsure about what's causing customers to hesitate, let's have a chat. #VisCreative #retail #DesignProfitableSpaces #thoughtoftheday

Retail Statistic of the day - RM 62.4 billion, that represents the Sales Value of the Retail Trade in December 2023 according to the Department of Statistics Malaysia. This number is up 5% from the previous month. It's important to remember that despite the challenges facing the retail sector, customers still have the confidence to spend. As business owners, it's crucial to focus on delivering value to customers. Remember, pricing is never the issue; it's the perceived value of your product or service in relation to the price that's causing hesitation. Factors like outlet design, packaging, and customer service can all affect the perceived value of your products or services. If you're unsure about what's causing customers to hesitate, let's have a chat. #VisCreative #retail #DesignProfitableSpaces #thoughtoftheday

📈𝗥𝗲𝘁𝗮𝗶𝗹 𝗦𝗮𝗹𝗲𝘀 𝗚𝗿𝗼𝘄𝘁𝗵 𝗥𝗮𝘁𝗲 𝟮𝟬𝟮𝟯-𝟮𝟬𝟮𝟰𝗙 Track the trends in Malaysia's retail sales growth rate from January 2023 to May 2024. Notice the significant fluctuations and recent uptick, reflecting consumer behavior and market dynamics. #RetailSales #EconomicTrends #MarketGrowth #MalaysiaRetail #ConsumerBehavior #FinoFY

💯 We worked with a lot of successful food business owners, and that is some things they all have in common. • Awesome Customer Service: Fast communication and quick response to inquiries and complaints leave a positive impact on your brand. Addressing customer concerns swiftly shows you value their opinion and fosters trust. • Trendy Products on the Shelves: Adapting to market trends is essential. Keeping your catalog up-to-date with popular products that customers are actively searching for is key to driving sales. • Regular Digital Presence: In today's digital world, maintaining an active online presence is crucial. A well-designed website and active social media profiles can showcase your unique business and boost in-store sales. • Store Aesthetics and Ambiance: A clean, well-organized store with clear branding differentiates your business from competitors. Strong branding elements create positive associations in customers’ minds. • Loyalty Programs and Exclusive Offers: Implementing a loyalty program or exclusive deals for regular shoppers encourages repeat visits and builds customer loyalty, making shoppers feel appreciated. Whether you’re a distributor looking to expand your portfolio, a retailer aiming to attract more customers, or a consumer passionate about Korean products, we are here to help you succeed! Let’s connect to discuss how we can grow together! #TheJRD #KoreanFood #FoodIndustry #Food #KFood #B2B #SouthKorea #BrandImage #Brand #FoodBrand

As Malaysia contends with an unexpected inflation increase to 1.8% in February 2024, consumers might adjust by turning to more cost-effective house brands. Value Takes Center Stage With rising prices across various sectors, Malaysians seek value for their money. House brand products, known for their affordability compared to established brands, are becoming increasingly attractive. This trend is fueled by content creators reviewing and testing house brand products, making their findings readily available online. These reviews can significantly influence purchasing decisions. Beyond Price: A Balancing Act While affordability is a key factor, consumers still consider perceived quality and brand loyalty when making choices. House-brand manufacturers compete with established brands and other offerings, necessitating strategic pricing strategies. Retailers Embrace the Opportunity Hence, this shift towards house brands presents a golden opportunity for retailers. By strategically promoting their house brand offerings and expanding product lines, retailers can cater to a broader range of consumer preferences while offering high-quality, affordable options. Data Shows House Brand Growth in Malaysia In Malaysia, MailerTrack data also reveals a 5% increase in house brand promotions in 2023 vs 2022, particularly within the health & beauty, grocery, and chilled & frozen categories. This highlights the growing presence of house brand products across various product lines.   The Future of House Brands House brand adoption may become a long-term expense management strategy as inflation persists. Retailers who adapt their offerings and leverage the power of house brands are likely to thrive in this evolving market landscape. Stay Ahead with MailerTrack Thus, MailerTrack can be a valuable tool for staying ahead of the house brand trend and maximizing success. Our House brand reports track house brand promotion data, while our Price Check Services can help keep track of competitors' pricing. By subscribing to MailerTrack and Intrack Price Check services, retailers can gain a competitive edge in the house brand market and capitalize on this growing consumer preference. For more information on Intrack services, click https://lnkd.in/gWs5Ub3m For the full article, visit this https://lnkd.in/gYE8tnpH #RetailTrends #ConsumerBehaviour #InflationImpact #HouseBrands #Malaysia2024 #FMCG #MarketAnalysis #MalaysiaMarket #FMCGMalaysia #IntrackMarketService #MailerTrack #IntrackInsight #Intrack

Trung Thu Co - Retail solutions in Vietnam

🌏 Discover the World of Asian Traditional Trade with PRS IN VIVO 🌏 💡 Traditional trade channels remain vital in Asia, and understanding these channels is key to unlocking the Asian market's potential. 📹 Join Nour, our intern, as he shares insights on the three key channels in Asia's diverse traditional trade landscape: 1️⃣ Bustling Wet Markets: Discover dry good stores offering essential condiments, canned food, and all kinds of sauces. 2️⃣ Hole in the Wall shops: Learn about compact stores providing quick, affordable essentials in sachets. 3️⃣ Neighbourhood Provision Stores: Explore larger, treasure-filled stores that encourage shoppers to discover new products. 👉 Get in touch with Sophie Mahé, our APAC MD, to discover how PRS IN VIVO can help you better navigate the Asian market! #AsianTradeChannels #FMCG #MarketResearch #ShopperInsights #PRSINVIVO

Ramadhan Festive 2024 is coming soon. Have you prepared your promo strategy to capture that momentum? Dive into YouGov's latest research on 𝐑𝐚𝐦𝐚𝐝𝐚𝐧 𝟐𝟎𝟐𝟒 𝐢𝐧 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚: 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐅𝐞𝐬𝐭𝐢𝐯𝐞 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠, Key purchase categories, and retail channels. Part 1 🛍️ What is the outlook for #consumer spending across various retail categories during Ramadan 2024 in #Indonesia? 🛒 What’s the mix of online vs offline shopping that #Ramadan shoppers plan to do this year for various goods – and which e-commerce channels do they plan to use? Let's find out the insight in this report below: https://lnkd.in/g75Kv6SK or you can contact me via LinkedIn Message and I will share the full report of Ramadhan Outlook 2024. #YouGov #ramadhan #insights #consumerbehavior #consumerinsights #ramadhan2024 #retailmerchandising #ecommerce #socialcommerce #onlineshopping #mobileshopping #Indonesia #industrynews #trends #datainsights #consumerintelligence #marketresearch

Exciting Insights on Shoppers' Behavior from Teh Tarik Talk Session! Stratos Pinnacle had the privilege of hosting a thought-provoking session on 20th June 2024 in collaboration with the Malaysia Shopping Malls Association(Persatuan Pengurusan Kompleks Malaysia (PPK)). This event aimed to uncover what drives these diverse generations to our malls.  Our Managing Director, Ms Teoh Wei Cheng presented fascinating insights on the lifestyle and shopping behavior of Generation X, Y, and Z. Understanding the nuanced preferences and habits of each generation is crucial for crafting tailored experiences that resonate with them. From digital natives of Gen Z to the pragmatic Gen X, each group brings unique expectations and shopping patterns to the table.  A heartfelt shoutout to the incredible team and our esteemed partners who made this event possible and impactful: Teoh Wei Cheng, Low Shu Yik and our awesome analyst team, Karen Chow from Stratos Pinnacle, Evelyn Lo from PPK, Timothy Liew and Pamy Wong from Visata Creative. Your support and collaboration were instrumental in delivering valuable insights that will shape the future of retail experiences.  Thank you to all our valued guests for attending the session.  Stay tuned for more in-depth analyses and insights from our session, which will be presented in a series of segments. Let's continue to innovate and enhance the shopping journey for every generation! 💡📈 #StratosPinnacle #ShopperInsights #ShoppingMalls #MarketResearch

A tale of "good enough" and premium products. I was talking to a prospective client last week who was pushing back on my analysis of the retail price they could realistically expect to charge for their product in China. They picked up a bottle cap and said “We've spent a long time choosing this premium solution for our product. On its own it’s worth a third of the price you've just quoted me. We can’t possibly make any money selling at that price”. At that point I realised they had lost sight of what they were selling. Even for a premium product (in this case a drink), consumers are buying the product, not the container it comes in. Consumers do expect premium products to look and feel premium. No question about that. But once you have met expectations, there are no benefits in over achieving on labels, or bottle caps, or packaging, or anything else that’s peripheral. At the end of the day, it’s all about the product. Cost of goods is a critical driver of competitiveness and profitability in any market, especially when it comes to offline sales in categories like food and beverage in a volume market like China. You need to understand the market, where your product will be positioned, and who you are selling against. It just needs to be good enough. You might think getting it wrong with the cost of packaging is pretty basic, but where are your blind spots? What are you missing or overlooking in the pursuit of your passion project? ---------------------------------------------------- I'm Iain Langridge 毅安 and I launch, incubate and grow premium consumer brands in Asia. Follow or DM me to find out more. ♻ If you found this post helpful, please share it with your network. #chinamarket #premiumproducts #goodenough #brandmanagement In2Asia Export