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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. Nearly one-third ( 30% ) like physical stores’ ability to provide them with products immediately, and 28% go to stores to see, touch and try the products they’re considering.

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

Retail TouchPoints

Closed Stores Lead To Losses, But Recovery May Be Right Ahead. While off-price retailers can succeed in times of economic turmoil, the realities of operating during a pandemic are currently weighing down non-essential discount stores. TJX, which shut down both its stores and web site, reported net sales of $4.4

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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 (18.1

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Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

But consumers had other ideas, it turns out they enjoy shopping in stores more than many realized and in categories like clothing the share of online sales now are lower than before the pandemic. If you are wondering what your customers are thinking about, it’s likely their mental and physical health and their finances.

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

365 Retail

Meanwhile, over six in 10 shoppers (63 percent) are actively seeking ways to reduce their weekly shopping expenses. In contrast, discount stores enjoyed a growth of 5.0 percent, indicating that consumers are actively seeking value wherever possible. However, spending on hotels, resorts, and accommodation saw a decline of -4.9

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

A1 Retail

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 Consequently, some shoppers are already seeking out value in the purchases they make, as discount stores saw a 29.3

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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

Meanwhile, more than six in 10 (63 percent) say they are looking for ways to reduce the cost of their weekly shop. Two fifths (41 percent) of these budget-conscious Brits are using vouchers or loyalty points to get money off shopping, and over a quarter (27 percent) are buying more frozen food to minimise waste.