Reported 6 months ago
With inflation affecting consumer spending habits, CoreSight's Deborah Weinswig discusses how consumers prioritize value and duration when shopping, causing non-value-oriented grocers like Kroger and Albertsons to feel the squeeze, while Walmart gains market share with budget-focused programs. Retailers with a strong digital presence are succeeding by offering seamless online and offline experiences, with consumers showing increased interest in tech-focused retail. The summer season sees consumers balancing spending on goods and experiences, with retailers adapting to offer affordable and exciting in-store experiences amidst changing back-to-school timelines.
Source: YAHOO