Consumer Spending Shifts: Deals for All

High-income shoppers are now seeking deals, younger generations are cutting back, and lower-income households are still struggling, impacting retailers across the board. Even high-income consumers are trading down to more affordable options, while younger consumers are spending less due to a slowing job market and rising unemployment. Despite these challenges, some brands like Coach, Ralph Lauren, and Dutch Bros. are thriving by appealing to a wide range of incomes or offering products that resonate strongly with specific groups. Wall Street analysts now expect weaker holiday spending, making this a critical period for retailers to attract and retain customers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.