A great rotation in consumer spending has begun overseas
3 years, 8 months ago

A great rotation in consumer spending has begun overseas

Live Mint  

Women are saying yes to the dress. And dressier clothing is just the start of what may be a ‘great rotation’ in consumer spending. At the end of last year, we argued that a vaccine-driven economic recovery would shift what people buy—they’d order less leisure wear and buy fewer cushions, but put more money toward champagne, suits and experiences. Nestle SA says it’s seeing demand recover for products used in restaurants, especially in China; at the same time, its Nespresso coffee unit is still benefiting from remote workers being their own baristas. As the great post-pandemic shift in consumer habits inches along, the old adage that ‘retail is detail’ has never been more appropriate.

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History of this topic

Value-seekers drove 2024's retail trends and dead ends
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Associated Press  

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The Independent  

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ABC  

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Firstpost  

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