State Daily of Spain: Inflation changes American consumption habits to reduce driving and buying cheap food merchants pressure mountains

China Well -off. August 25th. "Customers are buying more hot dogs, canned tuna and chicken," said Wal -Mart's chief financial officer John Renny at the company's second quarter financial report conference call. This is just an example of how American consumers change their purchase habits to cope with the highest inflation rate in 40 years. Americans are reducing the use of cars, buying cheaper foods, choosing more self -owned brands, reducing meals, reducing costumes and durability expenditures, and choosing shopping at cheap stores. In short, consumers' purchase habits are under tremendous changes, bringing tremendous pressure on retailers.

Buyers browse clothing racks in the Maryland (US) store

The Spanish State Daily reported that an industry intelligence report of the agency Morning Consult said: "Many consumers are reducing free -range catering and seeking cheaper choices in daily necessities such as gasoline and grocerys, while others while consumers, while others while consumers Full postponement of purchase, especially large goods. "

For large retailers, this is the third consecutive year. This big popularity is of course a consumer earthquake. Home isolation, long -range office, traffic interruption, and closure of hotels, cinemas, bars and restaurants have changed the way Americans and other people spend money in 2020. First of all, they spent much less. There are some winners, such as Netflix, Peloton, Zoom, and Amazon, and some obvious losers, such as airlines, hotels and restaurants, but it turns out that the nightmare of retail industry is difficult to get rid of.

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