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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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How Rising Prices Shape Consumer Behavior

Retail Focus

Retailers face mounting expenses throughout supply chains, from manufacturing to shipping fees. A store that previously sold shoes for $50 may now charge $65 in order to maintain the same profit margin. Retail data proves coupon use spikes during high inflation, and discount stores see more traffic.

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The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

million, with comparable-store sales falling due to rising Omicron in most states during the Christmas trading period. Andre Reich, CEO of The Reject Shop stated that the team was challenged with uncertainty and volatility due to Covid. “We Store expenses were reduced by $1.1 Gross profit landed at $178.8

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

Retail TouchPoints

Among the 86% of consumers that still had shopping to do, 45% said they were waiting for the best deals to complete their BTS purchases, and that search for bargains is another key headline this year. The ability to order items and have them shipped has transformed how people think about their dorm rooms. they spent in 2023.

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How Brands can Deliver More Value to Shoppers in 2023

Retail TouchPoints

Instead, there is an increasing focus on delivering more value for consumers, which can include other cost-reducing methods such as strategic discounts, targeted shipping offers, and rewards or cashback on purchases. 81% are more likely to purchase from an online store that offers some sort of reward or cashback on purchases.

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How Shein is winning the fast-fashion war by putting consumers in charge

Inside Retail

Shein’s low prices — US$5 t-shirts and US$10 sweaters — also draw shoppers who might have otherwise shopped at clothing discount stores. Shipping can still take up to two weeks, depending on the product and a shopper’s location.

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[Infographic] Brick-and-Mortar Retailers (Plus Chocolate) Drive Sales on Valentine’s Day

Wiser

Many consumers prefer to pick out their flowers in person, not via a picture online, while card-shopping and candy-buying are two more purchases that are traditionally completed at brick-and-mortar retailers. Furthermore, most shopping occurs right before the holiday. Discount Stores Beat Big-Box Stores.