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Gen Z wants curation of services, retail stores and food and beverage experiences, since they often spend more on dining than shopping,” said Cegielski. “If If [a shopping center] has that broad group of tenants, someone might stop by the grocery store after they dine, or say ‘Oh, I do need a new pair of shoes.’
It matters not just to gauge demand levels but to understand customer mindsets and the operational responses required to remain competitive. The analysis also reveals a broader shift in spending from goods to services over the year. This has become more crucial as the economic cycle continues to shift. per cent lower for the month.
The discounter attributed its steep growth to its 16% surge in sales to 17.9bn and improved efficiencies across its stores and central operations. Its results are a stark contrast to Asda, which reported a return to profit earlier this year of 180m in the year to end of December 2023, up from a 432m loss in 2022.
consumers to return to some version of normalcy, global sentiment is still mixed, according to Kantar’s Wave 9 survey of more than 10,000 people across 20 countries. Anxiety rates undoubtedly influence consumer behaviors, especially shoppers’ willingness to return to large physical spaces such as malls.
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