_retailers-to-slash-prices-to-combat-inflation39s-squeeze-on-consumer-spending.jpg "Retailers to Slash Prices to Combat Inflation's Squeeze on Consumer Spending from bijou rose wine Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 6.1M times
✓ Published: 07-May-2024
👁 View: 6.1M times
✓ Published: 07-May-2024
Description:
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_pete-rose-on-shohei-ohtani-gambling-scandal.webp "Pete Rose says MLB doesn’t want to investigate Shohei Ohtani because he’s their poster child")
_sommelier-tries-20-ros-wines-under-3620-124-world-of-wine-124-bon-apptit.webp "Bon Appétit")
_the-best-ros-wines-in-the-world-why-you-need-to-visit-provence-france.webp "V is for Vino Wine Show")
⏲ 50 minutes 15 seconds 👁 64.7K
_5-expert-tips-for-drinking-ros-wine.webp "Jacky Blisson MW")
_master-drinks-the-best-ros-wines-from-cellar-tracker.webp "Konstantin Baum - Master of Wine"){kind=tracking}
_2024-met-gala-recap-of-red-carpet-jennie-amp-ros-reunite-stray-kids-face-racism-at-met-amp-more-124-billboard-news.webp "It’s Tuesday, May 7th, and we have a lot to cover after the Met Gala yesterday. In case you missed the biggest night in fashion, we’ve got you covered. From best looks at the Met Gala, to behind the scenes action on the red carpet, to performances we go through it all. Jennie & Rosé had a reunion in New York, and fans couldn’t have been more excited to see the two together. Stray Kids made history as the first full K-pop group to attend the gala, but everything wasn’t rosy in the “Garden of Time” due to the group facing rude and racist commentary from the paparazzi. BTS’ RM may not have been at the Met, but he did share posters teasing his new song “Come back to me” coming out this Friday. We give you a sneak peek of our interview with ATEEZ at the Grammy Museum. Charli XCX confirms whether or not she was working on songs for Britney Spears, Ava Max stopped by the studio to chat about why her new song, “My Oh My,” is the introduction to her new era and more!")
⏲ 7:13 👁 1.2M
_what-is-ros-wine-124-guide-to-buying-ros-wines.webp "The Somm Next Door")
_pete-rose-on-shohei-ohtani-gambling-scandal.jpg)
_sommelier-tries-20-ros-wines-under-3620-124-world-of-wine-124-bon-apptit.jpg)
_the-best-ros-wines-in-the-world-why-you-need-to-visit-provence-france.jpg)
_5-expert-tips-for-drinking-ros-wine.jpg)
_master-drinks-the-best-ros-wines-from-cellar-tracker.jpg){kind=tracking}
_2024-met-gala-recap-of-red-carpet-jennie-amp-ros-reunite-stray-kids-face-racism-at-met-amp-more-124-billboard-news.jpg)
_what-is-ros-wine-124-guide-to-buying-ros-wines.jpg)
![[+]](/images/menu.gif){kind=small}