It is normal for consumers to take a shopping break after the winter holidays, leading to lower retail volumes during the first quarter of the new year. This year, however, shoppers are weathering more than just the typical post-Christmas budget crunch.
Folks have been hit hard by inflation, and the rising cost of everyday necessities — coupled with fears surrounding a potential recession — has led to higher-than-expected levels of hesitation around spending.
“We are seeing an expected steady...
https://www.freightwaves.com/news/retail-sector-grapples-with-shifting-consumer-behavior