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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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Global luxury sales could return to pre-Covid levels this year, Bain says

Inside Retail

Bain now sees a 30 per cent probability that sales of high-end handbags, clothes and jewellery will return to or exceed their 2019 level of US$340 billion this year, depending on how quickly vaccines are rolled out and tourism picks up. Reporting by Silvia Aloisi, Editing by Gabriela Baczynska , of Reuters.

Returns 147
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Can Premier replicate Smiggle’s UK success with pyjama brand Peter Alexander?

Inside Retail

The pyjama brand and its mascot Penny are set to touchdown in the United Kingdom with two bricks-and-mortar stores and a dedicated UK website just in time for the Christmas shopping period this year. This will be the first time Peter Alexander ventures outside of Australia and New Zealand since its failed entry into the US market in 2008.

Apparel 243
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How online growth is driving the closure of Beer Cartel’s bottle shop

Inside Retail

The new warehouse allows both businesses to come under one roof, and according to co-founder Richard Kelsey, it didn’t make sense to bring the shop along with them. When Beer Cartel initially launched in 2009, the online market was a shadow of what it is today, Kelsey explained. Back to the beginning.

Shopping 130
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JD returns to Hammersmith after a decade

A1 Retail

ft space will maximise its market share within inner-London, just in time for the Christmas shopping season. JD, a retailer of sports, fashion and lifestyle brands is set to return to Hammersmith after a decade on Saturday 26 TH November 2022. The post JD returns to Hammersmith after a decade appeared first on A1 Retail Magazine.

Returns 59
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What Recommerce can Teach Retailers About New Consumer Behaviors and Future-Proofing Sales

Retail TouchPoints

It’s an important secondary market for returned goods, helping retailers reduce waste and recover cost, especially as returns increase in step with ecommerce growth. Here’s how brands can marry sustainability with returns optimization to get better ROI out of what they’ve already invested in — chiefly, their products.

Consumer 310
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AO open ‘rework’ facility to give new lease of life to returned appliances

A1 Retail

Online electricals retailer AO has announced that it has opened a new ‘rework’ facility to give returned appliances a new lease of life. Operating out of its ‘Latchford’ warehouse in Crewe, appliances returned by customers will be thoroughly tested with the aim of reselling them.

Returns 52