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Sweaty palms and bargain bins: Why consumers are flocking to dollar stores

Inside Retail

Discount stores 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, discount store chain Dollar General pulled in approximately $33.75 All consumers love a good bargain. Primed for growth.

Consumer 246
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How Brands can Deliver More Value to Shoppers in 2023

Retail TouchPoints

Although there are signs that inflation is easing, higher prices and an uncertain economy continue to impact consumer behavior. Although many customers are “brand loyal,” given the economic environment, stressed consumers nowadays will most often make retailer and product choices with price as the main factor. Today’s Consumer Mindset.

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Meet the new online outlet mall targeting Gen Z and millennial consumers

Inside Retail

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

Consumer 246
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Extended Back-to-School Season Spotlights Need for Tactical Markdowns

Retail TouchPoints

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. If [consumers] see [a BTS item] as more of a ‘want’ than a ‘need,’ that would put more pressure on retailers.”

Markdowns 291
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Category Insights Report: Dollar Stores Redefine Themselves with Enhanced Merchandising and Mobile Apps

Retail TouchPoints

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.”

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Independence Day Trends: What Consumers Purchased Fourth of July 2023

Wiser

Factors That Could Influence Consumer Spending Part of developing a successful holiday sales strategy includes forecasting the upcoming season. In fact, just this year, Salt Lake City, Utah made the switch over from fireworks to drones in order to promote safety after a record number of wildfires.

Consumer 148
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Good. Different? Aldi follows rivals on self-service and e-commerce

Inside Retail

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.