Consumers restrict spending — PYMNTS.com

Consumers are making fewer shopping trips but are often spending more when they do:

The dollar has less buying power, and many consumers are restricting their spending. Not only did consumers spend more on retail items in March, but retail spending amounts reached an all-time high for this study. This could spell trouble for retailers if inflation continues and consumer spending trends down.

P.S. Everyday low pricing is the keystone of Walmart’s philosophy. As a supplier, you need to do your part to keep costs down. Our classes can help you, and your team, work smarter. Check out our offerings today.