Similar Stories to America's Shopping Spree Is Over And Retailers Are Facing A New World Of Cautious Consumers on Bing News

jsor@businessinsider.com (Jennifer Sor), Business Insider
Sun, 09/08/2024 - 5:16am

Shoppers browse at Wayfair's first store in Chicago.Dominick Reuter/Business InsiderAmerica's post-pandemic shopping boom appears to be winding down.Consumers are feeling the pain of accumulated price increases and are pickier with what they splurge on.For retailers, that means the end of the everyone-is-a-winner environment, analysts told BI.America's wild, multi-year shopping spree has come to an end — and retailers who got used to Americans dropping cash on just about everything are in a tough spot.Companies are now grappling with the emergence of a more price-conscious consumer than they have seen in years.

Topics: i think we wayfair chicago dominick reuter/business bi mckinsey company july ted rossman bankrate simeon siegel bmo that mcdonald lvmh ceo challenger gray christmas factset walmart target san francisco fed primerica spdr s&p us business insider americans rossman siegel s&p america's retailers world consumers shopping spree people cash spending years good firms environment quarter inflation pandemic living teams middle-class post-pandemic cost increases management accumulated boom prices analyst pain higher price told spend splurge searching signs plan savings excess falling continue times struggling conducted highs shoppers feeling senior survey expected long

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BING NEWS:

Americans Enjoyed a Shopping Spree in November, Boosting Retail Sales
Shoppers were in a mood to spend money in November as retail sales rose by 0.7%, surpassing expectations on strong sales of cars and robust online spending, the Census Bureau said on Tuesday. The ...
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Similar Stories to America's Shopping Spree Is Over And Retailers Are Facing A New World Of Cautious Consumers on Bing News

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