Price-Sensitive Shoppers on the Rise

Jharonne Martis, Director of Consumer Research at LSEG, highlighted the growing trend of price-sensitive shoppers. As inflation persists, consumers are becoming more cautious with spending, impacting retail demand.

High-Income Spending Trends

Martis noted that despite the economic challenges, high-income consumers continue to spend. This group remains a key driver for certain retail sectors, showcasing a divide in consumer behavior.

Tariffs Impacting Retail Demand

Tariffs are posing a significant threat to retail demand, according to Martis. Increased costs can lead to higher prices, further straining budgets and potentially discouraging spending among price-sensitive consumers.