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Uncertainty is turning the things we usually buy for fun and comfort into panic purchases for some consumers.
Even high earners feel sour about price inflation and the rising cost of housing.
High costs and uncertain economic conditions are motivating some to “pause their growth plans,” the U.S. Chamber of Commerce says.
General Mills is the latest food company to lower its sales outlook for the year. Campbell’s and Kraft Heinz have done it too.
At the Houston Livestock Show and Rodeo, shoppers can buy cow-handling hardware, pizza ovens, furniture — and of course boots and cowboy hats.
An activist group, The People’s Union USA, is calling for a complete boycott of consumer spending in the U.S. on Feb. 28.
It’s called bifurcation — the split in stores and brands catering a budget-conscious consumer on one end and luxury-focused one on the other.
Economic growth was healthy in 2024, coming in at 2.8% compared to 2.9% in 2023. The continuing expansion is driven by consumers.
Consumers tend to overestimate where inflation will be, but if you look at their expectations three years from now, they believe it will slow down.
Some retailers are having to adapt to climate change.