Consumers say they’re financially worse off and it’s changing how they shop
Rising grocery prices and economic anxiety are pushing shoppers toward sales, private labels, and cheaper dining options.
When budgets tighten, shoppers trade down—but where they land varies. Coverage of category migration patterns and what trade-down means for retail strategy.
Rising grocery prices and economic anxiety are pushing shoppers toward sales, private labels, and cheaper dining options.
The Rocket Mortgage and Redfin survey also shows 26% of Americans will spend less on gifts.
Retailers from Aldi to Walmart are offering low-price Thanksgiving meal options to cater to budget-conscious consumers.
For cereal, it was 8.6%, per the GAO.
Younger shoppers are set to pull back in the face of rising prices and a higher cost of living, according to a new study from PwC.
In meantime, lower-income parents plan to spend 10% more, even as many consumers prioritize essentials and search for deals.
With just a few days left, there is still some disagreement about how the holiday will turn out spending-wise.
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