article thumbnail

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.

article thumbnail

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retail spending strong in late 2022, but signs of slowing emerge

Inside Retail

For retailers closely watching consumer confidence levels and spending trends, getting an accurate reading about what lies ahead can be challenging. It matters not just to gauge demand levels but to understand customer mindsets and the operational responses required to remain competitive.

article thumbnail

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

365 Retail

Consumer card spending in the UK grew by only 3.6 In response, one-fifth of consumers (20 percent) are opting to purchase products in bulk that offer better value for money, moving away from downsized products by manufacturers. In contrast, discount stores enjoyed a growth of 5.0 percent). . percent and 13.1

article thumbnail

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. They clearly recognise a need to give consumers choices. Quiet observer. Aldi’s first steps in e-comm.

article thumbnail

How to Prepare for a Recession

Small Biz Trends

If your business is carrying any high-interest-rate debt, you should start focusing on debt payments, when a recession hits the Federal Reserve has the option to raise interest rates. Look towards products and services that are underserved in the market which you can fill with ease. Look for Additional Ways to Make More Money.