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

Retail TouchPoints

Gen Z wants curation of services, retail stores and food and beverage experiences, since they often spend more on dining than shopping,” said Cegielski. “If If [a shopping center] has that broad group of tenants, someone might stop by the grocery store after they dine, or say ‘Oh, I do need a new pair of shoes.’

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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. READ MORE: What is a Recession?