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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. That’s according to a recent study by the ICSC that surveyed Gen Z consumers, defined by the Pew Research Center as those born between 1997 and 2012.

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

365 Retail

Consumer card spending in the UK grew by only 3.6 percent, the increase in grocery spend was fueled by the Coronation bank holiday weekend and Eurovision, as Brits purchased food and drink for street parties and celebrations at home. In contrast, discount stores enjoyed a growth of 5.0 percent and 13.1 percent and 13.1

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

A1 Retail

Spending on essential items recorded its highest growth in over two years, as fuel prices climbed and demand at the pumps soared. However, worries about inflation persist, with 90 per cent concerned that the rising cost of everyday items will negatively impact their household finances. Consumer card spending grew 13.3

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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 (10.4

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Consumer card spending grew just 3.6 percent in May, while food price inflation pushes grocery spending to its highest growth in two years

A1 Retail

Aside from the near-record rate of food price inflation, grocery spend also received a boost from the Coronation bank holiday weekend and Eurovision, due to Brits buying food and drink for street parties and celebrations at home. Meanwhile, discount stores enjoyed growth of 5.0 Spending on non-essential items rose just 3.0

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

Retail TouchPoints

billion in Q1 2020, while same-store sales jumped 21.7% The retailer saw increases in consumables, seasonal home products and apparel, with the company attributing this growth to COVID-19’s impact on consumer behavior. TJX, which shut down both its stores and web site, reported net sales of $4.4 during the same period.

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Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

As we close out another year it’s a good time to take a look back at the trends taking over the turbulent retail sector. With Powell signaling at the Dec. With Powell signaling at the Dec. Consumer financial challenges. Consumer priorities. Source: Bloomberg. eCommerce growth. Source: eMarketer. Source: Bloomberg.