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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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Meet the new online outlet mall targeting Gen Z and millennial consumers

Inside Retail

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We

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Retailers’ Big Opportunity? ‘Create New Shoppers,’ Advises Kantar SVP

Retail TouchPoints

consumers to return to some version of normalcy, global sentiment is still mixed, according to Kantar’s Wave 9 survey of more than 10,000 people across 20 countries. Anxiety rates undoubtedly influence consumer behaviors, especially shoppers’ willingness to return to large physical spaces such as malls. Do you agree?

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Wesfarmers results jump as Bunnings, Kmart and Officeworks boom

Inside Retail

billion, with Scott noting the business’ success was due to its resilient operating model and the ability to adapt to changing consumer needs. This was partially offset by higher operational costs associated with online fulfilment and ongoing investment in technology in Kmart.”. Revenue at Bunnings increased 12.5 billion for the year.

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McMillon says, ‘We can do more’

Mass Relators

Over the course of the last decade, the company that began as a general merchandise discount store operator has entered several new fields, including financial services, technology development and health care clinics, to name just a few. store managers. The decision to move into growth mode at Walmart U.S.

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Pandemic just one of many retail challenges

Mass Relators

Thanks to skillful executive leadership and the heroic efforts of frontline personnel, the nation’s food, drug and discount stores can look with satisfaction at a time when they fulfilled their role as businesses that meet essential needs of consumers. They can’t, however, afford to let their guard down.

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2020 VALENTINE ECONOMICS AND GROWTH PERSPECTIVE FOR JEWELERS LOOK LIKE A DIAMOND IN THE SKY

RETAIL MANAGEMENT SOFTWARE

With a positive consumer confidence, good level of savings, and growing household incomes, consumers are once again ready to pamper their friends, families and close collaborators. 2010, $14.1B. 2015, $18.9B. 2019, $ 20.7B. 2020, $27.4B. As a result of the steady economic indicators, the savings rate is slightly ticking upward.

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