Chris and Anne welcome Chad Lusk from the A&M Consumer and Retail Group to unpack findings from their latest consumer sentiment survey. They explore how economic factors are reshaping holiday spending, consumer loyalty, and shopping behaviors.
Key topics include:
[00:30] Consumer Spending Decline: A 9% net decrease in holiday spending.
[01:45] Economic Impact on Basics: Why fresh food is losing ground to packaged goods.
[02:50] Retail vs. Brand Loyalty: Consumers’ preference for banner loyalty when cutting costs.
[04:20] Generational Shopping Patterns: Contrasting online and in-store shopping behaviors.
[06:10] Retail Strategies for 2024: How retailers can meet diverse consumer needs.
Tune in for actionable insights and Chad's expert analysis on the latest consumer behaviors!
To read the full Consumer Sentiment Survey, click here: https://alvarezandmarsal-crg.com/insight/consumer-sentiment-survey-fall-2024/
Music by hooksounds.com
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