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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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Amazon, Ikea commit to using zero-carbon shipping fuels by 2040

Inside Retail

Amazon.com Inc and Ikea are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector, executives said on Tuesday. “The time to act is now,” said Edgar Blanco, director for net-zero carbon at Amazon.

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Wrangler, M&S, Anthropologie and More Mark Earth Day with New Sustainability Initiatives

Retail TouchPoints

In fact, 51% of consumers said they would be willing to pay more for products shipped through sustainable methods, up significantly from just 15% of consumers in December 2023, according to a new survey from Radial.

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Shein chooses Tokyo for its first permanent store in the world

Inside Retail

However, they cannot purchase on the spot at this store – the products are shipped to their home or office. Founded in 2008, Shein sells online in more than 150 countries and regions, mainly in the US and Europe, but not its home market China, where it produces its clothing.

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Vinted posts first profit as CEO points to ‘huge potential’

Retail Gazette

Chief executive Thomas Plantenga said: “Secondhand fashion is still a relatively immature market and only a tiny proportion of fashion overall” “Our performance in 2023 was not only proof that we can deliver strong growth but that we are at the forefront of a market with huge potential.”

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Amazon, Target, Macy’s Plan to Hire Combined 388,000 Employees for the Holidays

Retail TouchPoints

including Amazon , Target and Macy’s , have announced their plans for holiday hiring, but all told this season may see one of lowest levels of seasonal hiring since 2008 , according to report by Challenger, Gray & Christmas shared with Reuters. Some of the biggest retailers in the U.S., 21 and Oct.

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Chinese fashion retailer Shein revives plan for New York listing

Inside Retail

Shein, founded by Chinese entrepreneur Chris Xu in 2008, first started preparing for a US IPO about two years ago, but shelved the plan partly due to unpredictable markets amid rising US-China tensions, the sources said. Shein ships to 150 countries and territories from its many global warehouses, according to its website.

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