article thumbnail

Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big impact on their shopping choices: nearly half ( 48% ) say they shop the most often at discount/off-price retailers, and 25% frequently patronize dollar stores.

article thumbnail

Boeing Strike Continues; Updates and Predictions

Retail Wire

This marked the first strike at Boeing since 2008. The strike followed the rejection of a proposed four-year agreement between Boeing and the International Association of Machinists (IAM) union.

ATS 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

US Retailer Holiday Hiring To Drop to Levels Last Seen in 2008

Retail Wire

US retailers are anticipated to hire the fewest seasonal workers for the upcoming holiday season since 2008 due to escalating labor expenses and uncertain consumer confidence, reveals a report by Challenger, Gray & Christmas.

Consumer 113
article thumbnail

Kmart reveals leadership transition as MD Ian Bailey retires

Inside Retail

Spaseska started her career at Wesfarmers as a business development analyst in April 2008. She has been appointed as deputy MD of Kmart, effective today and assuming the MD role on April 1. “Aleks brings deep knowledge of the Kmart and Target businesses together with strong commercial acumen.”

article thumbnail

Aje trims head office workforce

Inside Retail

Founded in Melbourne in 2008, Aje now has stores across Australia and New Zealand and an e-commerce site for international orders. .” The workforce reduction came a year after the company restructured, combining its Aje, Aje Athletica and Ikkari brands into a new company called Aje Collective.

Marketing 274
article thumbnail

Myer seeks to merge with Premier Investments’ Apparel Brands

Inside Retail

Myer proposes an all-scrip merger in which it would acquire Premier’s Apparel Brands – previously called the Just Group before Premier acquired the business in 2008 – in exchange for the issue of new Myer shares to Premier. The proposal is non-binding, indicative and conditional.

Apparel 306
article thumbnail

Grown Alchemist taken private as L’Occitane sells stake to former CEO

Inside Retail

Founded in Australia in 2008 by Melbourne siblings, Jeremy and Keston Muijis, Grown Alchemist has a presence in more than 40 countries. .” The brand will be headquartered in London. Grown Alchemist said the move will help it accelerate growth and drive development in key markets including North America and China.

Marketing 264