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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. Source: ICSC Financial concerns also affect how Gen Z pays for things: 45% use debit cards, 21% prefer cash, and credit cards come in third at 17%.

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Seen and Heard at #NRF2024: 5 Trends from the Big Show

Retail TouchPoints

In fact, Stephen Sadove, former CEO and Chairman of Saks Fifth Avenue , indicated that “this is one of the most interesting times [for the industry] since the [2008] recession,” where “we came out and saw this massive disruption in the environment,” he said in a press briefing during the Big Show. “It

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Parcel pivot: E-commerce boom behind Australia Post’s shock delivery plan

Inside Retail

The changes announced jointly by the communications and finance ministers, have been trialled and will roll out over the next 12 months along with other reforms like increasing the number of parcel collection points. Letter deliveries have fallen by two-thirds since 2008 alongside a massive e-commerce fuelled boom in package delivery.

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Grosvenor appoints new Liverpool ONE lead

Retail Focus

Chris joined Grosvenor in 2005 and has held various finance positions in Grosvenor Property UK and the broader Grosvenor business. Today he is responsible for finance in the UK property business’ Development and Investment teams, including Liverpool ONE. Since opening in 2008, the 1.65 year-to-date compared to 2019.

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Who could replace Sharon White as the next John Lewis Partnership chair?

Retail Gazette

The search for the next chair of John Lewis Partnership is underway after current incumbent Sharon White revealed she would be stepping down at the end of her five-year term. Retail Gazette looks at some of the possible candidates who could replace White. His deep grocery experience could be vital in getting Waitrose back on form.

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Despite global scrutiny, BNPL is on the rise in Singapore. Here’s why

Inside Retail

“BNPL services are gradually gaining prominence in Singapore, with a growing preference for flexible payment methods among consumers,” Neralla Rama Ravi Teja, a retail analyst at GlobalData, told Inside Retail. But Ravi Sharma, lead banking and payments analyst at GlobalData, doesn’t see this dampening demand for BNPL in Singapore.

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How Resale is Driving the Reinvention of Luxury Retail

Retail TouchPoints

25, Geronimo Chala, Chief Client Officer at luxury handbag reseller Rebag , discussed the multiple ways the circular concept of “resale” is addressing the demands of a changing consumer — and in doing so, reshaping retail as a whole, particularly the luxury sector. Look at brands Sandro and Maje.

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