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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. “If

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ACCC to conduct enquiry on Australian supermarkets’ pricing and competition

Inside Retail

The ACCC will examine competition in the supermarket sector and how it has evolved since the previous inquiry in 2008. “When it comes to fresh produce, we understand that many farmers are concerned about the weak correlation between the price they receive for their produce and the price consumers pay at the checkout.”

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Payments in 2021: What Lies Ahead After the Digital Boom

Retail TouchPoints

During June 2020, during the height of the strictest lockdowns for many countries, e-commerce sales grew 34% year-on-year – the highest growth rate reported since March 2008. According to PPRO’s own research , 42% of US consumers will abandon their baskets if their preferred payment method is not available at checkout.

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PayPal Adds Pay-Later Option in U.S.

Retail TouchPoints

Pay in 4 is now included in Digital River’s PayPal checkout integration at no additional cost. After the 2008 financial crisis, we observed a generational shift away from credit and toward debit,” said Alex Fisher, VP of Retail at Afterpay in the latest Retail Touchpoints Retail Remix podcast.

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3 Overlooked Reasons Your Labor Costs Keep Increasing

Retail TouchPoints

A 2008 study found that stores spend about $785 per week helping customers find products or checking to see if inventory is available in the backroom for a product that the customer wants but is not on the shelf. Another reason your labor costs keep increasing is because of time spent helping customers finding products.

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Wrangler, M&S, Anthropologie and More Mark Earth Day with New Sustainability Initiatives

Retail TouchPoints

Anthropologie customers will be able to participate in the giving through roundup at checkout donations in all stores worldwide throughout the month of April. In 2008, we launched Shwopping to support customers to give a second home to their preloved clothing, and we’re now expanding [through this new] partnership with Oxfam.”

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Former Coles CEO Ian McLeod reflects on a transformative career in retail

Inside Retail

McLeod drove change at UK supermarket group Asda in the UK ahead of its sale to Walmart, was chief merchandise officer and board member of Walmart Germany from 2000-01, led the turnaround of Halfords, the UK auto parts chain prior to its float – and then took the helm of Coles in Australia for five years from 2008.