Spending at Discount Stores Spiked up to 65% This Month, and It Shows That Shoppers are Hunting for Better Deals as Inflation Bites

November 12, 2021

Cash-strapped shoppers are flocking to discount stores as inflation bites.

According to credit and debit card transaction data from Facteus, first reported by Bloomberg, spending at discount stores jumped by 65% in the week ending November 7 versus the same period in 2019. That was the largest jump in discount store spending since March, when government stimulus checks were sent to millions of US households, boosting sales at retailers.

Discount store spending was up 21% from the week before, according to Facteus.