Reported 1 day ago
US households are increasingly opting for low-cost alternatives across various sectors, from appliances to groceries, as they grapple with economic uncertainty. Key executives from companies like Whirlpool and Procter & Gamble have noted a significant shift in consumer spending behavior, reflecting a more cautious mentality driven by rising interest rates and inflation fears. This trend has impacted sales and has prompted brands to offer more affordable options to retain customers.
Source: YAHOO