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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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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. eCommerce returns. It can cost a retailer between $10 to $20 per order to process a return and this cost does not include shipping.

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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. This was driven by supermarket shopping (+14.7

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Primark’s Strategy, 4 Elements to Consider

Indigo 9 Digital

You can buy a dress at Primark for $11, jeans for $16 and a tank top for $3. With over 60% of Americans living paycheck to paycheck you can see why discount retailers like Primark are doing well especially during a time of record inflation. Returns made in store are also free. Stores at the centre.

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Andy Bond stepping down as Poundland owner Pepco’s chief over health issues

365 Retail

Andy Bond, a high street veteran and former chief of Asda, said he will leave Pepco at the end of March and remain an adviser to the board until the end of the financial year. The boss will be replaced by chief operating officer Trevor Masters, himself a former supermarket executive at Tesco where he headed up the international operation.