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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. Rebalance and Revisit Stock Market Assets. 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.

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Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

You will notice that more mature eCommerce markets like China and the United States did not make the top ten list. 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. eCommerce growth by region. eCommerce returns.

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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

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.

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Primark’s Strategy, 4 Elements to Consider

Indigo 9 Digital

When you look at the retail sector it tends to be the top of the market, luxury retailers and the lower end of the market, discount stores that perform the best. Dollar General plans to open more than 1,000 stores this year and Dollar Tree plans to open as many as 650 stores this year. billion ($2.2

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7 Price Planning Tips to Maximize Retail Profits (2020)

Retalon

A discount store for bargain hunters? Depending on your brand messaging and your target market, your approach to pricing can be enormously different. Therefore, it’s vital to create your own pricing rules and thresholds (discounts limited to certain product classes, maximum clearance markdowns, etc.)