US Consumers Shift to Budget-Friendly Options, Discount Retailers Gain Traction

Deep News
Nov 14

A recent survey released on Friday indicates that high-income consumers in the US are increasingly seeking discounts and shifting spending toward discount channels—benefiting retailers like Wal-Mart (WMT) and fast-food chains such as McDonald's (MCD). Meanwhile, younger diners are cutting back on casual fast-food spending, putting pressure on chains like Chipotle Mexican Grill (CMG). This trend emerges as a major retail earnings season approaches.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10