Consumer Price Sensitivity

Ralph McLaughlin, chief economist at OpenBrand, highlighted significant price sensitivity among consumers during his appearance on ‘Closing Bell Overtime.’ He emphasized that ongoing inflation could impact retail performance as consumers adjust their spending habits in response to rising costs.

Retail Outlook Amid Inflation

McLaughlin discussed the challenges retailers may face as inflation affects consumer purchasing power. He indicated that retailers must adapt to changing consumer behavior to maintain sales and market share.