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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.

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Burberry CEO resigns to return to Italy

Inside Retail

According to the London-based luxury fashion label, Gobbetti wants to take up another opportunity that will enable him to return to Italy and be closer to his family. The board and I are naturally disappointed by Marco’s decision but we understand and fully respect his desire to return to Italy after nearly 20 years abroad”.

Returns 246
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From Niche Product to Viral Sensation: How Bogg Bag Ventured into 1,800 Target Stores

Retail TouchPoints

However, this latest expansion has kickstarted a new growth trajectory for the business, which started in 2008. And when you go to the Jersey Shore, it’s an all-day affair: you pack up at 7 a.m., This was the only bright spot at an otherwise dismal time. But we are looking at advertising in a positive light going forward.

Wholesale 275
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Seen and Heard at #NRF2024: 5 Trends from the Big Show

Retail TouchPoints

In fact, Stephen Sadove, former CEO and Chairman of Saks Fifth Avenue , indicated that “this is one of the most interesting times [for the industry] since the [2008] recession,” where “we came out and saw this massive disruption in the environment,” he said in a press briefing during the Big Show. “It

ATS 285
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Qurate Hires Nordstrom Vet to Lead Zulily as it Accelerates Personalized Digital Experiences

Retail TouchPoints

Boyle also has served in multiple leadership roles at other retailers, with an emphasis on driving digital growth. He was the first executive hired at HauteLook in 2008 and joined Nordstrom ’s leadership following that company’s acquisition in 2011.

Returns 264
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Digital Marketing Tactics for Uncertain Times

Retail TouchPoints

According to research from Analytic Partners, 63% of marketers that increased their marketing investment during the financial crisis of 2008 generated a positive ROI. And returns impact other metrics like brand loyalty and customer satisfaction and maybe even product quality.

Marketing 312
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New Look sets the trend with new flagship store at Liverpool ONE

Retail Focus

Grosvenor Britain & Ireland has announced that global fashion retailer, New Look, has relocated from its temporary store on Upper South John Street to a new 20,000 sq ft flagship retail space at 19 South John Street, renewing the brand’s long-standing commitment to Liverpool ONE. Sales are up 7.4%

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