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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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Inditex To Shutter Up To 1,200 Non-Zara Stores As It Pivots Toward E-Commerce

Retail TouchPoints

Staff members at the closed stores will be offered new roles with the company, such as handling fulfillment of ship-from-store orders. billion , due to 88% of the company’s stores being closed at some point during the period due to the COVID-19 pandemic. Inditex will support this effort by investing €1 billion.

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Shein and Temu Face Congressional Scrutiny Over Imports, Forced Labor

Retail TouchPoints

according to SimilarWeb , followed by Shein at No. Both Temu and Shein rely heavily on the de minimis exception to ship packages directly to U.S. According to the committee’s initial findings, Temu and Shein alone are likely responsible for more than 30% of all packages shipped to the U.S. since its September 2022 debut.

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Shoppers see sharpest price rises since 2012 as cost of living crisis bites

365 Retail

in January, the highest rate since 2012. In particular, furniture and flooring saw exceptionally high demand leading to increased prices as the rising oil costs made shipping more expensive. The post Shoppers see sharpest price rises since 2012 as cost of living crisis bites appeared first on 365 RETAIL | Retail Technology News.

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Retail’s New Normal: Here’s What Retailers Should Focus On As The Country Continues To Reopen

Retail TouchPoints

To quickly adapt to this change, retailers can deploy different strategies, such as drop-shipping to get their items direct-to-consumer and take back control over delivery timeframes, ensure transparency throughout the process and still deliver a great customer experience. Erik Morton is SVP, Product and Strategy at CommerceHub.

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Due Diligence: Winning October Prime Day Prep Strategies

Retail TouchPoints

Do you have the tools needed to identify Share of Voice (“SOV”) at the keyword level? What still needs to ship? Before founding the company in 2012, Hariharan spent five-plus years at Amazon building out automated vendor management and supply chain. Perform your advertising research now. What sold through?

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“Pick up the rocks”: CEO on how donating $13 million of profits is good business

Inside Retail

The brand, which was founded by Griffiths, Danny Alexander and Jehan Ratnatunga, has donated 50 per cent of its profits since launching in 2012, helping over 400,000 people worldwide gain access to toilets and adequate sanitation in the developing world. What progress has Who Gives A Crap made towards its mission since being founded in 2012?

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