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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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Sweaty palms and bargain bins: Why consumers are flocking to dollar stores

Inside Retail

Discount stores are booming in post-Covid Europe as price-sensitive consumers seek out bargains amid inflation and the devastating impacts of the pandemic. Meanwhile in the US, discount store chain Dollar General pulled in approximately $33.75 In June, Pepco reported first-half underlying earnings of €324 million, up 16.8

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Aldi launches Corner Store in convenience push

Inside Retail

The new store layout is designed to support smaller-basket, convenience-driven purchases, in contrast to the traditional big-box Aldi supermarket typically frequented by consumers for larger shopping trips. Reports of the new store concept circulated in May after the retailer submitted an application to North Sydney Council.

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6 Ways Rising Costs are Impacting Consumer Behavior

Rangeme

According to a study by Deloitte, consumer concern for rising prices did not fall below 70% at any point in 2022, a trend that has continued during the first few months of 2023. When we look back at data from our mid-year survey in July 2022, 87% of those surveyed said they expected prices to continue to rise into 2023, with 29.1%

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Good. Different? Aldi follows rivals on self-service and e-commerce

Inside Retail

Thirteen years after Woolworths introduced self-service checkouts to Australian supermarket shoppers, discount grocer Aldi has bowed to the demand for quick and convenient self-serve transactions at its stores. I suspect they’ll progress that across their fleet of stores in the coming years,” Mortimer said.

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Analysis: The rise of the purposeful consumer

Inside Retail

Aaron Fidler, head of retail and commerce account management at Mastercard Australia, says the company’s latest Recovery Insights research shows that “roughly 20-30 per cent of the global Covid-related shift to digital is expected to be permanent. Brands who ignore purpose do so at their peril. Purpose drives purchase.

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June’s warm weather boosted spending on clothing, pubs and outdoor retailers, yet restaurants continued to struggle as Brits cut back on dining out

A1 Retail

percent) – as the warm weather encouraged Brits to shop for summer clothes and socialise at pubs and bars. percent) – as the warm weather encouraged Brits to shop for summer clothes and socialise at pubs and bars. percent) – as the warm weather encouraged Brits to shop for summer clothes and socialise at pubs and bars.

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