HomeMarketsU.S. Economy & JobsConsumers Are Looking For Cheaper Alternatives

Consumers Are Looking For Cheaper Alternatives

How do rising inflation costs impact consumer activity? "U.S. retail sales fell 0.3% in May, relative to April. In numerous facets of the retail sector, consumers are now trading down — meaning that they’re looking for cheaper alternatives to the products and services they typically buy. Among the brands mentioned in the report are McDonald’s, Chipotle, Target, H-E-B, Walmart Neighborhood Market, Ross Dress for Less, Citi Trends, Five Below, and Dollar General," says Ethan Chernofsky.

Market On Close

07 Jul 2022

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