Reported about 1 month ago
American consumers are being more selective with their spending, prioritizing value due to economic pressures. According to experts, middle-income shoppers are hesitant about significant purchases and are seeking bargains in everyday items, benefiting retailers like Walmart and Target that offer discounted prices. However, dollar stores such as Dollar General are facing challenges as their target demographic struggles financially, leading to disappointing sales results. This cautious spending behavior indicates a shift in consumer habits influenced by economic conditions.
Source: YAHOO