_retailers-to-slash-prices-to-combat-inflation39s-squeeze-on-consumer-spending.jpg "Retailers to Slash Prices to Combat Inflation's Squeeze on Consumer Spending from consumer electronics Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 2.6M times
✓ Published: 07-May-2024
👁 View: 2.6M times
✓ Published: 07-May-2024
Description:
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_new-tech-on-display-at-2024-consumer-electronics-show.webp "ABC News")
_so-many-people-have-had-enough-starmer-celebrates-west-midlands-mayor-win-with-damning-speech.webp "Labour leader Sir Keir Starmer speaks after Labour’s Richard Parker beat Conservative Andy Street by 1,508 votes to become Mayor of the West Midlands.PA consumer ready")
⏲ 1:15 👁 3.8M
_consumer-electronics-crowd-pleaser-full-album.webp "purplenumberF")
_estuary-english-consumer-electronics-2014-full-album.webp "Every Villain Is Lemons")
_my-invention-got-knocked-off.webp "Unnecessary Inventions")
_unpacking-the-standouts-and-latest-in-tech-at-the-2024-consumer-electronics-show.webp "ABC News")
⏲ 5 minutes 11 seconds 👁 5.4K
_its-not-innovation-its-price-gouging-sherrod-brown-bemoans-inflation-caused-by-corporate-greed.webp "During a Senate Banking Committee hearing on Thursday, Sen. Sherrod Brown (D-OH) decried high consumer prices amid high corporate profits. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
‘It’s Not Innovation— It’s Price Gouging’: Sherrod Brown Bemoans Inflation Caused By Corporate Greed
⏲ 6:55 👁 29.7M
_kid-takes-iphone-over-3620000.webp "Tayo Ricci")
_new-tech-on-display-at-2024-consumer-electronics-show.jpg)
_so-many-people-have-had-enough-starmer-celebrates-west-midlands-mayor-win-with-damning-speech.jpg)
_consumer-electronics-crowd-pleaser-full-album.jpg)
_estuary-english-consumer-electronics-2014-full-album.jpg)
_my-invention-got-knocked-off.jpg)
_unpacking-the-standouts-and-latest-in-tech-at-the-2024-consumer-electronics-show.jpg)
_its-not-innovation-its-price-gouging-sherrod-brown-bemoans-inflation-caused-by-corporate-greed.jpg)
_kid-takes-iphone-over-3620000.jpg)
![[+]](/images/menu.gif){kind=small}