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Chinese discount store Miniso is growing by one new store a day

Inside Retail

Chinese discount chain Miniso accelerated its expansion plan during the pandemic, opening 364 stores around the world during the past 12 months. The expansion has increased Miniso’s store number to 4587 in China and 94 in overseas markets. Its e-commerce sector accounted for $26.1 per cent of sales.

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NRF: Electronics Will Drive Back-to-School Spending to Record $41.5 Billion

Retail TouchPoints

billion , with the top products planned for purchase including laptops ( 51% ), tablets ( 36% ) and calculators ( 29% ). More than 55% of respondents who are planning to shop for school supplies said they had already started buying as of early July — on par with 2022 and up from 44% in 2019. per person, up from $1,199.43 set in 2021.

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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 However, 74% of those celebrating noted that pandemic will directly impact their Valentine’s Day plans, which has resulted in an average spending drop. Just over half ( 52% ) of U.S. per person spent in 2020. Spending on teachers is down from $14.45

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BTS spending expected to exceed $41 billion

Mass Relators

Families with children in elementary through high school plan to spend an average of $890.07 As in past years, the top electronics consumers plan to purchase are laptops (51%), tablets (36%) and calculators (29%). For all back-to-class shoppers, the top destinations are online, department stores and discount stores.

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Back-to-class shopping expected to reach record levels

Mass Relators

Families with children in elementary through high school plan to spend an average of $890.07 As in past years, the top electronics consumers plan to purchase are laptops (51%), tablets (36%) and calculators (29%). For all back-to-class shoppers, the top destinations are online, department stores and discount stores.

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NRF: More consumers seeking bargains this Easter

Mass Relators

WASHINGTON – Eighty percent of Americans plan to celebrate Easter this year and will collectively spend $20.8 With just more than half (51%) of consumers planning in-person celebrations, up from 43% the previous year, food will account for the largest spending category. on food, followed by $28.04 on gifts and $27.93

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How to Prepare for a Recession

Small Biz Trends

An emergency fund is money you set apart from other savings preferably in a high-yield savings account. A high-yield savings account allows you to receive a higher interest rate than a traditional savings account and because you only use the funds in case of emergencies the interest can accumulate. Have a Financial Plan.