Remove Discount Store Remove Finance Remove Shopping
article thumbnail

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. Nearly one-third ( 30% ) like physical stores’ ability to provide them with products immediately, and 28% go to stores to see, touch and try the products they’re considering.

article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

But consumers had other ideas, it turns out they enjoy shopping in stores more than many realized and in categories like clothing the share of online sales now are lower than before the pandemic. If you are wondering what your customers are thinking about, it’s likely their mental and physical health and their finances.

article thumbnail

Consumer spending grew just 5.9 percent in February, as Brits continue to cut back on non-essential spending to offset rising food price inflation

A1 Retail

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 (18.1

article thumbnail

Consumer spending grew 13.3 per cent in September, yet supply chain shortages and inflation hampered consumer confidence

A1 Retail

However, worries about inflation persist, with 90 per cent concerned that the rising cost of everyday items will negatively impact their household finances. This was driven by supermarket shopping (+14.7 Consequently, some shoppers are already seeking out value in the purchases they make, as discount stores saw a 29.3

article thumbnail

Hot weather boosts spending on clothing, beauty and electronics in July, yet hospitality and overseas travel see short-term slowdown

A1 Retail

A trend towards more frequent grocery trips with less spend per visit emerges, with two in five shopping on a need-to-buy basis to save money and avoid waste. The increase was driven largely by fuel and supermarket shopping, both of which saw year-on-year growth (29.9 Meanwhile, discount stores grew 3.1 per cent and 2.1

article thumbnail

Primark’s Strategy, 4 Elements to Consider

Indigo 9 Digital

When you look at the retail sector it tends to be the top of the market, luxury retailers and the lower end of the market, discount stores that perform the best. Dollar General plans to open more than 1,000 stores this year and Dollar Tree plans to open as many as 650 stores this year. billion ($2.2