article thumbnail

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.

article thumbnail

Cash Converters to acquire its New Zealand master franchisor

Inside Retail

The personal finance company and secondhand retailer commenced operations in New Zealand in 1993 and operates 22 stores of which 11 are franchised and 11 are owned and operated by the master franchisor. Cash Converters International is set to acquire the Cash Converters New Zealand master franchisor for $15.5

Finance 246
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Retail TouchPoints

Closed Stores Lead To Losses, But Recovery May Be Right Ahead. 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

Markdowns 135
article thumbnail

How to Prepare for a Recession

Small Biz Trends

As it might affect not only your personal finances but also threaten your business’ survival. You will need to review your finances first to identify your needs and financial health. It is important that you get on top of your finances before a recession hits. Have a Financial Plan. Is a Recession Coming in 2022?

article thumbnail

Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

That means we should not be too surprised that more and more consumers are turning to discount stores like Walmart are Dollar General to stay afloat. If you are wondering what your customers are thinking about, it’s likely their mental and physical health and their finances. Source: Bloomberg. Consumer priorities.

article thumbnail

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

A1 Retail

However, worries about inflation persist, with 90 per cent concerned that the rising cost of everyday items will negatively impact their household finances. Consequently, some shoppers are already seeking out value in the purchases they make, as discount stores saw a 29.3 Consumer card spending grew 13.3

article thumbnail

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

However, as consumers continue to seek out bargains, discount stores were a bright spot, rising slightly faster than in January (5.5 Despite this, consumer confidence in household finances remains steady at 64 percent, while optimism in the future of the UK economy has increased slightly to 24 percent – up from 21 percent last month.