Consumers refuse to buy and protest against retailers.

In recent reports by the media, it has been highlighted that despite a decrease in inflation, prices are still on the rise. This has created financial challenges not only for middle and low-income consumer groups, but also for high-end consumers who are now having to be more cautious with their spending.

Sarah Wyeth, managing director of retail and consumer goods at S&P Global Ratings, emphasized that living expenses have increased by 20% to 30% compared to last year, while incomes have remained stagnant. This has resulted in a significant impact on consumer spending habits, posing a major challenge to the retail industry.

Zak Stambor, a senior analyst at market research company eMarket, expressed that although not entirely unfavorable, the overall retail performance is underwhelming as opposed to exceptionally positive. According to the most recent official statistics, there has been significant growth in high-priced goods such as automobiles, online consumption, and service industries like restaurants, tourism, and entertainment.

However, the consumption of items such as furniture, clothing, sporting goods, and electronic products continues to lag behind.

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