Reported 3 days ago
In 2024, U.S. retail trends were heavily influenced by value-seeking consumers facing rising costs in housing and food. Shoppers gravitated towards discount retailers like Walmart and Aldi, while many opted for fast food or home cooking over traditional dining. The year saw a surge in bankruptcies among retailers and restaurants, with notable winners such as Walmart, Amazon, and fast casual chains, while Target and Starbucks struggled. Overall, consumers shifted towards more affordable products, significantly altering the retail landscape.
Source: YAHOO