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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

Retail TouchPoints

JUNE 7, 2023

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. Nearly one-third ( 30% ) like physical stores’ ability to provide them with products immediately, and 28% go to stores to see, touch and try the products they’re considering.

Discount Store

Discount Store Shopping ATS Payment Services

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

365 Retail

JUNE 6, 2023

Meanwhile, over six in 10 shoppers (63 percent) are actively seeking ways to reduce their weekly shopping expenses. In contrast, discount stores enjoyed a growth of 5.0 percent, indicating that consumers are actively seeking value wherever possible. However, spending on hotels, resorts, and accommodation saw a decline of -4.9

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Consumer ATS Discount Store Department Stores

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Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

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

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