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

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
Insiders

Sign Up for our Newsletter

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

article thumbnail

Windsor Fashions to ‘Capitalize on Return to Normalcy’ with 150 New Locations by 2023

Retail TouchPoints

During the 2008 recession, Windsor began expanding its footprint, and the retailer plans to do the same now as the waning of the COVID-19 pandemic spurs a resurgence of social occasions. The company already has opened 10 new locations in the last 12 months. “The

Fashion 274
article thumbnail

How 99 Bikes plans to return to profit with an electric-powered push

Inside Retail

A year later, Turner founded the Pedal Group, as a joint venture between the Turner family and Flight Centre in 2008. Pedal Group owns two separate businesses in the bicycle industry, 99 Bikes, a direct-to-consumer (DTC) retail operation, and Advance Traders, a bicycle wholesale business that the group acquired in July 2008. “At

Returns 130
article thumbnail

Starbucks Founder Howard Schultz to Return as Interim CEO Following Retirement of Kevin Johnson

Retail TouchPoints

He first held the role from 1986 to 2000, then again from 2008 to 2017. Although I did not plan to return to Starbucks, I know the company must transform once again to meet a new and exciting future where all of our stakeholders mutually flourish.”. The transition will mark Schultz’s third stint as CEO of Starbucks.

Returns 130
article thumbnail

Howard Schultz says this is his last stint as Starbucks CEO

Retail Wire

Starbucks interim CEO Howard Schultz has said that he will not return to lead the company in the future after his third time running the business. Mr. Schultz was the coffee giant’s CEO from 1986 to 2000 and then again from 2008 to 2017 before landing back in the interim role following Kevin Johnson’s departure in April.

Returns 130
article thumbnail

Parcel pivot: E-commerce boom behind Australia Post’s shock delivery plan

Inside Retail

Letter deliveries have fallen by two-thirds since 2008 alongside a massive e-commerce fuelled boom in package delivery. Australia Post is government-owned but self-funded and required to deliver a financial return. Australia Post delivered half a billion parcels last financial year, or roughly 20 per person.

Planning 241