For months, economists and retailers have warned about the financial strain facing lower- and middle-income consumers. Higher earners, on the other hand, have largely been sheltered from the effects of the rising costs of living.
But that may be changing.
A growing number of CEOs and industry insiders, from retailers as varied as Walmart and ThredUp, have said they're seeing shifts in the behavior of consumers earning $100,000 a year or more.
Dollar General's CEO Todd Vasos is the latest to join that growing chorus.
Speaking at the Goldman Sachs Global Consumer and Retail conference, Vasos said it's no longer the chain's core consumer base (low- and middle-earners) who are feeling the financial strain.
#Consumer #strain #higher
But that may be changing.
A growing number of CEOs and industry insiders, from retailers as varied as Walmart and ThredUp, have said they're seeing shifts in the behavior of consumers earning $100,000 a year or more.
Dollar General's CEO Todd Vasos is the latest to join that growing chorus.
Speaking at the Goldman Sachs Global Consumer and Retail conference, Vasos said it's no longer the chain's core consumer base (low- and middle-earners) who are feeling the financial strain.
#Consumer #strain #higher
11 hours ago
