Consumers finally seem to be running out of money, but it still hasn't stopped them from spending. The CEO of the Australian Retailers Association (ARA) pointed to spending levels as a possible indicator of a looming recession. In the US, GDP was revised downward last quarter to 1.3% from 1.6%, but that didn’t really stop consumers from spending. Retail Tech & Research DataOne particular angle that retailers need to pay attention to is not just consumer weariness over high prices, but actual consumer backlash. Finally, in a story to make children everywhere shudder, consumers have apparently already begun back to school shopping.

Source: Forbes June 09, 2024 17:43 UTC