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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. Source: ICSC Financial concerns also affect how Gen Z pays for things: 45% use debit cards, 21% prefer cash, and credit cards come in third at 17%.

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Consumer Card Spending Grows at Slower Rate in May as Brits Curb Discretionary Purchases

365 Retail

percent, the increase in grocery spend was fueled by the Coronation bank holiday weekend and Eurovision, as Brits purchased food and drink for street parties and celebrations at home. In contrast, discount stores enjoyed a growth of 5.0 Apart from the near-record food price inflation rate of 19.1 percent and 13.1 percent and 13.1

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Off-Price Quarterly Results Showcase Benefits Of ‘Essential Retailer’ Status

Retail TouchPoints

While off-price retailers can succeed in times of economic turmoil, the realities of operating during a pandemic are currently weighing down non-essential discount stores. TJX, which shut down both its stores and web site, reported net sales of $4.4 billion for the quarter, down 47.5%.

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How to Prepare for a Recession

Small Biz Trends

As it might affect not only your personal finances but also threaten your business’ survival. The impact of a recession on your business at times can be hard to predict. You will need to review your finances first to identify your needs and financial health. Have a Financial Plan. Invest in Precious Metals.

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Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

As we close out another year it’s a good time to take a look back at the trends taking over the turbulent retail sector. With Powell signaling at the Dec. With Powell signaling at the Dec. If you are wondering what your customers are thinking about, it’s likely their mental and physical health and their finances.

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Consumer spending grew 13.3 per cent in September, yet supply chain shortages and inflation hampered consumer confidence

A1 Retail

Spending on essential items recorded its highest growth in over two years, as fuel prices climbed and demand at the pumps soared. However, worries about inflation persist, with 90 per cent concerned that the rising cost of everyday items will negatively impact their household finances. This was driven by supermarket shopping (+14.7

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Consumer spending grew just 5.9 percent in February, as Brits continue to cut back on non-essential spending to offset rising food price inflation

A1 Retail

Of those trying to cut costs, a third (34 percent) are shopping at multiple supermarkets to source a range of deals, and three in 10 (30 percent) are shopping in larger supermarkets, because they tend to have lower prices than smaller stores. percent, with two thirds (67 percent) of consumers consciously trying to save energy at home.