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As part of Loblaws plans to invest $2.2 billion (Canadian) this year, the supermarket retailer will open 80 new stores under a variety of banners, with approximately 50 of these stores being hard discount locations. The retailer had opened three no name stores in Ontario in 2024 , promising consumers steep discounts.
Ross Stores recently opened four Ross Dress for Less and three dd’s DISCOUNTSstores across five different states in February and March. The off-price apparel and home fashion retailer reported $12.5 billion in revenue for fiscal 2020. . ”
Ross Stores is already nearly one-third of the way toward its goal of opening approximately 100 new stores in fiscal 2022. In February and March 2022, the discount retailer opened 22 Ross Dress for Less locations and eight dd’s DISCOUNTSstores in 15 states and Guam.
Aussie discount retailer Silly Solly is on a growth trajectory, with plans to expand as a franchise, after shifting from a licensing model. Expansion through conversion Silly Solly’s is looking for conversions in its growth strategy and is targeting other discountstores whose owners want to be part of a bigger buying arrangement.
Discountstores are booming in post-Covid Europe as price-sensitive consumers seek out bargains amid inflation and the devastating impacts of the pandemic. Meanwhile in the US, discountstore chain Dollar General pulled in approximately $33.75 All consumers love a good bargain. Primed for growth.
As part of the retailer’s plans to open 100 locations in 2023, Ross Stores opened 11 Ross Dress for Less and eight dd’s Discountsstores in 13 states during February and March. The 2023 additions will include 75 Ross and 25 dd’s Discounts locations.
adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 The holiday may be serving as a form of release for pent-up consumers: nearly three-quarters ( 73% ) of shoppers celebrating Valentine’s Day this year feel it is important to do so given the current state of the pandemic. Just over half ( 52% ) of U.S.
In a return to pre-pandemic behaviors, more consumersplan to throw or attend a party ( 32% ) or to take their children trick-or-treating ( 28% ) this year, although the top celebratory activities for consumers will be handing out candy ( 68% ), decorating their home or yard ( 53% ) and dressing in costume ( 50% ). set in 2021.
Ross Stores is opening 29 new locations in 12 states over June and July as it continues to move toward its goal of opening approximately 100 new brick-and-mortar stores in FY 2022, which ends Jan. off-price apparel retailer plans to open 75 Ross Dress for Less and 25 dd’s DISCOUNTSstores. The Dublin, Calif.
TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We
Covid-19 hit the reset button on consumer behaviour. Retail brands quickly realised that it was no longer business as usual after the pandemic set in, and marketing plans, execution, creative, and channels had to be re-thought wholescale. This leaves the obvious question: how exactly has Covid-19 altered consumers?
Consumers are expected to spend a record $41.5 billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). Families with children in elementary through high school plan to spend an average of $890.07 billion on back-to-school (BTS) shopping this year, up from $36.9
BTS purchases certainly are starting earlier: according to the National Retail Federation (NRF) survey conducted by Prosper Insights & Analytics, more than half ( 55% ) of consumers already had started buying school items in July. Retailers should plan for an extended back-to-school season.” in an interview with Retail TouchPoints.
consumers tune in to the big game. consumersplan to celebrate Valentine’s Day in 2022, up from 52% in 2021. Ecommerce shops will be the most popular destination, visited by 41% of shoppers, followed by department stores ( 32% ), discountstores ( 28% ), small businesses ( 18% ) and florists ( 17% ).
Once largely associated with lower-income households, dollar stores are now becoming retail staples even for more affluent households, inspiring retailers in these categories to invest more heavily in marketing, merchandising and technology innovation that will help them differentiate. That all creates positive momentum for these retailers.”
A shift in Chinese retailers’ strategy toward lower-priced goods and services to win cost-conscious consumers risks embedding the country’s recent deflationary trends more permanently into the world’s second-largest economy. This stands to create more headwinds for China’s stuttering post-Covid recovery.
Discount supermarket Aldi is making a push into convenience with the opening this week of a Corner Store concept in North Sydney. The new store layout is designed to support smaller-basket, convenience-driven purchases, in contrast to the traditional big-box Aldi supermarket typically frequented by consumers for larger shopping trips.
Factors That Could Influence Consumer Spending Part of developing a successful holiday sales strategy includes forecasting the upcoming season. However, a fifth of respondents indicated a reduced budget for the holiday celebration this year, suggesting a potential shift in priorities or economic factors influencing consumer choices.
Specialty value retailer Best & Less Group has reported a slump in profits as consumer demand softened during the first half. The company plans to open six new stores in this half. The post Weak consumer demand dents Best & Less Group profits appeared first on Inside Retail. per cent to $13.7 per cent to $29.8
billion, largely driven by positive sales contributions from new stores. decrease in same-store sales, which was largely due to a decline in store traffic. Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. These sales helped offset a 0.1% in Q2 2022.
“Australians are facing significant cost of living pressures driven by interest rate rises, elevated petrol prices and broad-based consumer goods inflation. I believe we can have a meaningful impact by offering our customers both branded consumables as well as general merchandise at a low price.”.
Big Lots has announced plans to close additional stores due to financial challenges exacerbated by a tough economic environment, including high inflation impacting consumer spending.
billion, with Scott noting the business’ success was due to its resilient operating model and the ability to adapt to changing consumer needs. No such investments in Target were mentioned, though the planned changes in Target’s store network ( that is, converting them to Kmart stores ) saw trading results “exceed internal expectations”.
Aldi also said that staff will have more time to focus on “creating a quality experience” by maintaining stock levels and keeping the store clean. Australian retail expert and QUT professor of marketing Gary Mortimer expects the move will receive a positive response from consumers. The post Good.
Despite prolonged wet weather conditions on Australia’s east coast, resilient consumer demand drove Bunnings’ revenue up 1.5 Further reading: Wesfarmers plans to ‘renew’ its portfolio after profit slips The post Kmart underpins strong quarter for Wesfarmers – but inflation fears loom appeared first on Inside Retail.
It’s going to be happy hauntings for retailers, as one in four Australians plan to celebrate Halloween this year. Salakas attributes this growth to a desire by consumers to go out, socialise and celebrate the festivities. Covid-19 mucked up the waters a bit, but we are smashing last year,” Salakas told Inside Retail. “
For now, the businesses will remain separate in the eyes of the consumer, though they will share systems in the back end, such as having a single tech-stack. The business briefly considered rebranding all its Kmart locations to Target stores due to the retailer’s long-standing heritage.
WASHINGTON – Eighty percent of Americans plan to celebrate Easter this year and will collectively spend $20.8 Consumers are eager to return to their pre-pandemic holiday traditions, particularly as it relates to purchasing food and gifts for in-person celebrations this Easter,” NRF President and CEO Matthew Shay said. on clothing.
WASHINGTON – Consumers celebrating the winter holidays expect to spend an average of $875 on gifts, food and seasonal items, according to a survey conducted by Prosper Insights & Analytics for the National Retail Federation. Survey respondents said they were planning to spend about $620 on gifts. percentage points.
Following the historic level of consumer spending over the winter holidays, it appears that the trend will continue into 2022,” NRF President and CEO Matthew Shay said. consumersplan to celebrate the holiday in 2022, up from 52% in 2021. adult consumers was conducted Jan. billion this year, up from $21.8
WASHINGTON – Consumers are expected to spend $25.9 This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices.” More than half (52%) of consumersplan to celebrate and will spend an average of $192.80.
Consumer card spending in the UK grew by only 3.6 In response, one-fifth of consumers (20 percent) are opting to purchase products in bulk that offer better value for money, moving away from downsized products by manufacturers. In contrast, discountstores enjoyed a growth of 5.0 percent) as well as on entertainment (7.3
Have a Financial Plan. Having a well-thought-through financial plan can help in challenging times. Your financial plan should include a budget, healthy savings, investments in multiple financial products, and earning goals. Because consumers’ spending decreases you will need to tweak your product or service.
Due to higher cost-of-living strains, the company says customers gravitated towards low-priced consumables that represent value. The business opened 15 new stores during the year predominantly in neighbourhood and strip locations in both metro and country areas and closed four.
Growth of supermarket spending slowed, as consumers continued to find ways to reduce the cost of their weekly shop Produce shortages are impacting grocery shopping behaviour, with tomatoes, eggs, peppers, cucumbers and lettuce the items most difficult to source Spending on public transport jumped 22.6 percent) than in January (10.4
At Wiser, we were wondering what went through consumers’ heads around this holiday, so we polled more than 2,700 mystery shoppers from across the U.S. Valentine’s Day remains a traditional holiday among consumers, both in terms of gifts and when it comes to where to buy. Instead, they’re better served by being presented in stores.
This was primarily due to consumers staying at home, says Neil Saunders, Managing Director and Retail Analyst. Traditionally consumers stick with traditional gifts like chocolates, candy, and flowers, along with jewelry, according to GlobalData. This was followed by online-only retailers (34%) and other specialty stores (19%).
As shopping patterns change with more and more consumers choosing to shop at discountstores such as dollar stores or big box retailers like Target department stores have taken a hit and subsequently so have malls. The mix of retail stores in malls is changing. By 2020 Americans only spent a paltry 2.4%
As excited as consumers were to get outside and enjoy in-store shopping, these new complications are not mixing well with summer plans. Consumers Are Showing No Signs of Slowing Down. The shift to pre-pandemic habits as well as inflation may be driving consumers’ inclination to overspend.
The back-to-school and college season is an important time for retailers and consumers,” NRF Vice President of Industry and Consumer Insights Katherine Cullen said. While shopping is well underway, the majority (86%) of consumers still have at least half of their purchases left to complete. K-12 shoppers are budgeting $309.35
And the latest global research from ESW shows that 73 per cent of Millennial shoppers plan to spend the same or more online this year, making this generation the leader in global e-commerce spending. Sustainability, but at a price Macro trends pull and push consumers when it comes to how they spend their hard-earned money.
In response, a fifth of consumers (20 percent) are switching away from products which have been downsized by manufacturers in favour of buying products in bulk which offer better value for money. percent) – as half (50 percent) of consumers say they are cutting down on discretionary spending to cope with rising household bills.
WASHINGTON – Consumersplan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. billion, up from $33.9
WASHINGTON — Consumers are expected to spend record sums this year on back-to-school and back-to-college shopping, according to the annual survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. Back-to-class shopping is one of the most important consumer shopping occasions of the year. billion in 2021.
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