Walmart thrived as shoppers traded down during tough economic times, with households earning over $100,000 becoming a significant part of its clientele—a clear sign of shifting consumer habits.
Amazon leveraged its reputation for deals with the launch of Amazon Haul, attracting bargain-conscious buyers, but potential tariffs from China may pose challenges ahead.
The rise in fast casual dining reflects a consumer trend towards affordable options, highlighting the preference for convenience and value in dining out amidst economic pressures.
The overall retail landscape in 2024 showed a dramatic shift towards value-driven spending, leading to an increase in bankruptcies and a retraction in consumer indulgence.
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