
U.S. consumers sharply scale back spending
Spending on goods fell significantly, led by a $41.1 billion drop in motor vehicles and parts.
Spending on goods fell significantly, led by a $41.1 billion drop in motor vehicles and parts.
62% of consumers say better product information would reduce item returns.
The company has previously warned that shifts in trade policy could negatively impact its business.
1 in 5 Americans describe recent purchases as "doom spending" due to future fears.
While total grocery spending grew just 2.5% yearly, online grocery sales outpaced it significantly.
According to the Census Bureau, overall retail sales in January declined 0.9% seasonally adjusted month over month.
Shoppers are reshaping retail in 2025 due to shifting loyalty, rising DTC preferences, and growing skepticism toward AI.
Grocery prices are higher in some states, but residents in states with lower median incomes spend more of their paychecks on food.
Technavio’s latest study highlights the increasing role of artificial intelligence in reshaping the private-label food and beverage sector.
In 2024, fragrance category sales rose 12%, with unit sales also growing in the prestige market.
While the latest CNBC/NRF Retail Monitor shows a slowdown following the holidays, it also highlights ongoing consumer confidence and spending capacity.
“Consumers came out to spend this holiday season and clearly underscored the solid growth in the U.S. economy,” says NRF economist.
Holiday sales rose 2.8%, with leadership updates set to drive future success.
ALDI's report highlights significant savings for shoppers and its $14 billion contribution to the U.S. economy.
Its visually engaging format has made TikTok a favorite for discovering new products.
Adobe's 2024 holiday report shows $241.4B in sales, led by mobile, AI, and premium goods.