Report: Consumers seeking cheaper products — Reuters.com

Online retail sales are up, but the increase is being credited to consumers seeking cheap products:

“We are seeing consumers down-shift and spend more on the cheapest goods within a degree, that is helping categories stay resilient and see continued spending, but it also showcases that consumers are having to manage the inflation they’re experiencing in housing, gas and food,’ said Vivek Pandya, Lead Insights Analyst for Adobe.“

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