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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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Ross Stores Plans to Add 100 Brick-and-Mortar Locations by January 2023

Retail TouchPoints

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 DISCOUNTS stores in 15 states and Guam.

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Ross Stores Plans 100 Openings in 2023 as it Pursues Goal of 3,500+ Stores

Retail TouchPoints

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 Discounts stores in 13 states during February and March. The 2023 additions will include 75 Ross and 25 dd’s Discounts locations.

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

Inside Retail

“Anecdotal feedback from the first day of the trial was overwhelmingly positive with more than half of our customers opting to use the new Self-Checkouts,” Robert Eichfeld, store operations director at Aldi Australia, said. They clearly recognise a need to give consumers choices. The post Good.

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Dollar General Revises 2023 Outlook Amid Financial Shortfalls  

Retail TouchPoints

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. drop in operating profit to $692.3

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Off-Price Quarterly Results Showcase Benefits Of ‘Essential Retailer’ Status

Retail TouchPoints

billion in Q1 2020, while same-store sales jumped 21.7% The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. Closed Stores Lead To Losses, But Recovery May Be Right Ahead. during the same period. in Q1 2019.

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Amidst high inflation, sari-sari stores are the lifeline for all Filipinos

Inside Retail

Prices are rising around the world, but while markets such as the US, UK and Australia are battling inflation rates of between six and eight per cent, consumers in the Philippines are paying as much as 15.62 Sari-sari stores are essentially neighbourhood stores, which figure prominently in lower-middle-class locations in the Philippines.

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