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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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Publix Promotes Murphy to CEO Post; Jones Named Executive Chairman

Retail TouchPoints

He was named SVP of Retail Operations in 2016 and President in 2019. He was named President in 2008, added the CEO title in 2016 and was named CEO in 2019. Goff also began in a Publix store, in 1991 in Jacksonville, Fla., working his way up to be named SVP of Retail Operations in 2022.

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Dollar General Brings Back Former CEO to ‘Restore Stability’

Retail TouchPoints

During Vasos’ initial seven -year stint as CEO, Dollar General expanded its brick-and-mortar footprint by approximately 7,000 stores, added nearly 60,000 net new jobs and increased annual sales revenue by more than 80%. The retailer has had a volatile year.

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Dollar General CEO to Retire, COO Named as Successor

Retail TouchPoints

Vasos joined Dollar General in 2008 as the company’s EVP, Division President and CMO. He began his career with the company as a store manager trainee in Nashville, Tenn. Amid a year of expansion, Dollar General ’s CEO Todd Vasos has decided to retire from the role he has held since June 2015, effective Nov.

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L Brands Names New CEO of Victoria’s Secret Lingerie, Appoints Three Other Leaders

Retail TouchPoints

Other appointments included Laura Miller as Chief Human Resources Officer of Victoria’s Secret; Janie Schaffer as Chief Design Officer of Victoria’s Secret Lingerie; and Becky Behringer as EVP of North America Store Sales and Operations at Victoria’s Secret.

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6 Keys to Empowering Store Associates During the Holiday Season

Retail TouchPoints

retailers will add 410,000 seasonal positions this year, which is the lowest number of jobs added in the quarter since 2008. Results from Retail TouchPoints’ 2023 Store Operations Survey indicate that hiring and retaining associates, at 70% , and high employee turnover rates, at 67% , are their top challenges.

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Kohl’s Makes Interim CEO Permanent

Retail TouchPoints

He brings more than 40 years of retail experience to the position, most recently as President and CEO of Burlington Stores , where he served from 2008 to 2019. He also has held leadership and board roles at The May Department Stores Company.