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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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Walmart Plans $1.5 Billion Investment in Mexico and Central America for 2023

Retail TouchPoints

The new stores are expected to contribute 1.2% sales growth in 2023, and Bodega Aurrera discount stores will continue to be a focus. Another 12% will be put toward supply chain improvements designed to boost both capacity and the customer experience.

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Dick’s Doubles Down on House of Sport Format, Planning 19 New Locations by 2024

Retail TouchPoints

Dick’s has been diversifying the formats of its 850 total stores over the past few years, most recently with its February 2023 acquisition of Moosejaw from Walmart. The retailer: Introduced its House of Sport concept store in April 2021; Debuted its Going, Going, Gone! billion , up from $12.3

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From Pop-Up Stores to Seamless Experiences

Retail Focus

Is it the products it offers or the way it shapes customer experiences? In today’s dynamic market, retailers must adapt and innovate to capture the attention of customers who are constantly seeking novelty and excitement. Focus on Customer Experience : Retailers should prioritize creating memorable customer experiences.

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Category Insights Report: Dollar Stores Redefine Themselves with Enhanced Merchandising and Mobile Apps

Retail TouchPoints

It’s almost a badge of honor to throw on a designer item with an item you found in the thrift store or a discount store. ” More frequent trips, smaller basket sizes Households do not go to dollar stores once or twice a week to spend $200 per visit. That all creates positive momentum for these retailers.”

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How can department stores pivot ahead of a spending decline?

Inside Retail

“There is definitely a convenience factor at play when consumers opt for online shopping over department stores, however our consumer sentiment report revealed that 50 per cent of shoppers still prefer to shop in-store,” Griffiths said.

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Clear vision – omnichannel retailing for optical brands

I Vend

That means that optical retail stores not only face competition from each other, but also from different retail segments, including department stores, speciality fashion, pharmacies and discount stores. They can enhance the customer experience and strengthen their brand – putting them ahead of their competition.