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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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Consumer prices rise at fastest clip since 2008

Retail Wire

percent, excluding food and energy), the biggest increase since August 2008, the Labor Department reported. Consumer prices jumped five percent year-over-year in May (3.8 Used car and truck prices, which have climbed nearly 30 percent over the past year, were one of the major factors driving up the Consumer Price Index.

Consumer 100
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Mortgage Rates Make Historically Biggest Weekly Jump – Highest Since 2008

Small Biz Trends

Mortgage Rates Make Historically Biggest Weekly Jump – Highest Since 2008. A report in Fox News says the rate puts mortgages at their highest level since 2009, 13 years ago. This article, " Mortgage Rates Make Historically Biggest Weekly Jump – Highest Since 2008 " was first published on Small Business Trends.

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Aje trims head office workforce

Inside Retail

. “As a result of this, we have made the difficult decision to reduce roles at head office and remove a number of positions no longer deemed vital within our business.” Founded in Melbourne in 2008, Aje now has stores across Australia and New Zealand and an e-commerce site for international orders.

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Lidl to close Walsall warehouse, 100 jobs at risk

Retail Gazette

Lidl is to close its Walsall warehouse, placing 100 jobs at risk, as it no longer meets its “operational requirements” The discounter has entered a consultation period with those impacted by the closure and is offering staff members the option between redundancy or redeployment when it closes in 12 months.

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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

ATS 225
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ACCC to conduct enquiry on Australian supermarkets’ pricing and competition

Inside Retail

The ACCC will examine competition in the supermarket sector and how it has evolved since the previous inquiry in 2008. “When it comes to fresh produce, we understand that many farmers are concerned about the weak correlation between the price they receive for their produce and the price consumers pay at the checkout.”