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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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eMarketer: COVID-19 Retail Recovery Will Take Longer Than ‘Great Recession’ Rebound

Retail TouchPoints

After the 2008-2009 financial crisis, it took the majority of affected markets approximately one year for retail sales to return to pre-crisis levels. Curbside pickup and other at-store fulfillment options have helped drive the surge in e-Commerce sales. “We In February 2020, eMarketer projected that total U.S. for the year.

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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

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Decjuba: From effortless, accessible fashion to effortless, accessible delivery

Inside Retail

When Decjuba was born in 2008, it was with a mission to make effortless fashion accessible. One of its key early challenges was fulfilling all of its online orders from a Victorian warehouse. The benefit of doing so is unlocking more inventory, getting closer to more customers, and speeding up fulfilment and delivery.

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Retailers can’t afford to discount the customer experience this December

Inside Retail

Confirming the cost-of-living impact on retail spending attitudes this year, the latest Westpac Bank consumer confidence monitor shows Australians are as pessimistic currently as they were at the height of the Covid-19 pandemic and the global financial crisis of 2008. Short-term gain for long-term pain?

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The “Great Mall Resurgence” in the American retail market

Inside Retail

However, in the past two decades, the American mall has been standing on shaky ground due to factors like the 2008 recession and, more recently, the butterfly effect of the Covid-19 pandemic. As Baird warned retailers, “Omnichannel fulfilment is much harder in a mall environment (vs. In 2021, visits to all mall types were between 10.7

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What Next? What the retail giant has done with its acquisitions

Retail Gazette

Just last month, Next boss Lord Wolfson said its acquisition of the brand had been a big success and had achieved a return on capital of around 20%. Wolfson expects Joules to break-even next year and return to profitability the following. It had originally bought a 25% stake in Reiss back in 2021 before increasing it to 51% in 2022.

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