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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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CEOs exit: The Reject Shop, Best & Less leaders step down

Inside Retail

The CEOs of two discount retail chains — The Reject Shop and Best & Less Group — have stepped down with immediate effect today citing personal reasons. Steven Fisher, chairman of The Reject Shop, said the board and team have thanked Bishop for his work over the past six months and wish him well.

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“It’s disgusting”: The Reject Shop staff subject to verbal abuse and stalking

Inside Retail

Australian discount store chain The Reject Shop is one of many retailers that has seen a staggering increase in aggressive customers in recent times, prompting the roll out of a new training program. The post “It’s disgusting”: The Reject Shop staff subject to verbal abuse and stalking appeared first on Inside Retail.

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The Reject Shop names its new CEO

Inside Retail

The Reject Shop has tapped a former senior Bunnings and Officeworks executive as its new CEO. Phil Bishop, who was most recently director of merchandise & marketing at Bunnings, also served as COO at Officeworks. His retail career started 30 years ago as a people greeter in a Target store. Phil Bishop (LinkedIn).

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The Reject Shop CEO quits, interim chief named

Inside Retail

Andre Reich, CEO at The Reject Shop, has stepped down with immediate effect. Under Andre’s leadership, The Reject Shop’s corporate culture has been reset, the business has returned to profitability with a lower cost base, the balance sheet is strong and the store network continues to expand.

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The Reject Shop posts sales decline due to lockdowns, absenteeism

Inside Retail

In an ASX announcement, the discount retailer has announced that sales for the half were estimated at $424.7 Gross profit landed at $178.8 million, with comparable-store sales falling due to rising Omicron in most states during the Christmas trading period. million, down by 2.2 per cent compared to the previous year.

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Treat, no Trick: NRF Forecasts Halloween Spending will Hit Record $12.2 Billion

Retail TouchPoints

“Consumers will be shopping early for festive décor and other related items, and retailers are prepared with the inventory to help customers and their families take part in this popular and fun tradition.” Nearly one-third ( 32% ) plan to shop online. Nearly one-third ( 32% ) plan to shop online. set in 2021.