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As we head into the Black Friday and Cyber Monday sales for 2023, this promotional period is arguably the most important for ASX-listed retailers. Firstly, they are able to heavily discount old stock to reduce inventory levels. Secondly, retailers gauge investor propensity for retail spend ahead of the busy holiday season, which is especially important as cost-of-living pressures continue to bite.
While some retailers remain resilient despite slowing consumer spend, others have shifted focus in the slow sales environment to invest in AI for customer experience enhancement and to gain market share. We explore what the Black Friday and Cyber Monday sales will reveal for retailers as we close out 2023 and more!
In this week’s wrap, Grady covers:
Read the transcript here