PwC survey shows a drop in consumer spending, affecting major retailers including Abercrombie & Fitch, Best Buy, and Mattel.
1 report, 1 independent
Updated Sep 3
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What happened
PwC survey shows a drop in consumer spending, affecting major retailers including Abercrombie & Fitch, Best Buy, and Mattel.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Best Buy executives discussed promotional activity and sales mix shift while maintaining annual guidance.Sub-event
- Consumers are shifting to value shopping, buying items like Fendi at discount retailers like Burlington.Sub-event
PwC survey reveals consumer spending drop affecting major retailers.1 source
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The entities involved
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Abercrombie & Fitch
American fashion retailer
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PricewaterhouseCoopers
multinational professional services brand
Nothing else this week.
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Best Buy
American multinational consumer electronics retailer
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Coverage
Newest first; wire copies grouped- ReutersU.S. holiday spending set for steepest drop since pandemic, PwC survey shows (Reuters) -Holiday spending by U.S. consumers is set for its steepest drop since the pandemic as shoppers — particularly G