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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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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 279
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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. It was around the time Hurricane Sandy hit the Jersey Shore, so we decided to donate the bags to people as they returned to their homes on the island and get groups involved for donations.

Wholesale 275
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WSJ: Starbucks’ Next CEO Will be External Hire

Retail TouchPoints

Schultz returned to Starbucks as interim CEO in April 2022 following the five-year tenure of Kevin Johnson. This is the third time Schultz has served as Starbucks’ CEO, a role he held from 1986 to 2000, and from 2008 to 2017. Schultz, Starbucks’ founder, will remain on the company’s board following the transition.

Returns 278
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Qurate Hires Nordstrom Vet to Lead Zulily as it Accelerates Personalized Digital Experiences

Retail TouchPoints

He was the first executive hired at HauteLook in 2008 and joined Nordstrom ’s leadership following that company’s acquisition in 2011. The retailer offers completely personalized shopping experiences driven by data science, personal styling and outfit functionality.

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