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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries.

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Cash Converters to acquire its New Zealand master franchisor

Inside Retail

The personal finance company and secondhand retailer commenced operations in New Zealand in 1993 and operates 22 stores of which 11 are franchised and 11 are owned and operated by the master franchisor. Cash Converters International is set to acquire the Cash Converters New Zealand master franchisor for $15.5

Finance 246
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Off-Price Quarterly Results Showcase Benefits Of ‘Essential Retailer’ Status

Retail TouchPoints

Closed Stores Lead To Losses, But Recovery May Be Right Ahead. While off-price retailers can succeed in times of economic turmoil, the realities of operating during a pandemic are currently weighing down non-essential discount stores. TJX, which shut down both its stores and web site, reported net sales of $4.4

Markdowns 162
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How to Prepare for a Recession

Small Biz Trends

As it might affect not only your personal finances but also threaten your business’ survival. You will need to review your finances first to identify your needs and financial health. It is important that you get on top of your finances before a recession hits. Have a Financial Plan. Is a Recession Coming in 2022?

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Andy Bond stepping down as Poundland owner Pepco’s chief over health issues

365 Retail

He quits after 10 years with the European retailer, which owns discounting stores under the Pepco, Poundland and Dealz brands across the continent, including seven as chief executive and launching the company on the Warsaw Stock Exchange last year.

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Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

That means we should not be too surprised that more and more consumers are turning to discount stores like Walmart are Dollar General to stay afloat. If you are wondering what your customers are thinking about, it’s likely their mental and physical health and their finances. Source: Bloomberg. Consumer priorities.

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Consumer Card Spending Grows at Slower Rate in May as Brits Curb Discretionary Purchases

365 Retail

In contrast, discount stores enjoyed a growth of 5.0 Consumer Confidence Persists Despite ongoing cost-of-living pressures, Brits generally feel confident about their household finances (64 percent) and their ability to manage their monthly expenses (68 percent).