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Stock impact report

73% of U.S. Consumers Plan to Shop at Discount Retailers This Holiday Season: VTEX Commerce

VTEX Class A Common Shares (VTEX) 
Company Research Source: Business Wire
Social media content and online convenience are driving discount shopping behaviors, with Gen Z and Millennials leading the trend NEW YORK--(BUSINESS WIRE)--Nearly three-quarters (73%) of U.S. consumers say they plan to shop at discount retailers such as Dollar General, Dollar Tree, and Five Below this holiday season, according to new research from VTEX (NYSE: VTEX), the enterprise commerce platform.According to the research, Millennials showed the strongest intent, with 53% saying they are very likely to make discount stores part of their holiday shopping. Social media is also fueling purchase decisions: more than one-quarter of respondents (28%) said they had been influenced by TikTok or Instagram holiday shopping content featuring discount stores, a number that rises to 52% among Gen Z.“Discount store chains are no longer holding an advantage with their competitive pricing alone,” said Mariano Gomide de Faria, Founder and Co-CEO at VTEX. “They have continued to take noticeable s Show less Read more
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