_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 guns sales nsw 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: 6.1M times
✓ Published: 07-May-2024
👁 View: 6.1M 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
_joe-rogan-has-adam-greentree-explain-australian-gun-laws.webp "JRE Clips")
_two-nsw-men-arrested-for-child-abuse-offences-124-may-7-2024-124-port-macquarie-news.webp "Two NSW men have been jailed for over a hundred child abuse offences. AFP video footage captured the arrest of the two men in June 2020 as part of Operation Arkstone.")
_australian-gun-laws-transporting-firearms-in-a-vehicle-queensland.webp "Arming The Nation Firearms Training")
_a-judge-has-slammed-the-state39s-gun-laws-over-a-man-was-behind-bars-for-toy-guns-124-7news.webp "7NEWS Australia")
⏲ 1 minute 55 seconds 👁 87K
_how-a-cashed-up-gun-industry-wants-to-change-australias-firearms-laws-124-four-corners.webp "ABC News In-depth")
⏲ 41 minutes 54 seconds 👁 167.1K
_top-15-military-surplus-rifles-for-sale-right-now.webp "Best Iron")
_pub-giant-jd-wetherspoon-reports-growth-over-the-past-three-months.webp "Pub giant JD Wetherspoon has hailed soaring demand for Guinness from younger punters and recovering ale sales as it reported growth over the past three months.")
_do-9234gun-buybacks9234-work.webp "Vox")
_joe-rogan-has-adam-greentree-explain-australian-gun-laws.jpg)
_two-nsw-men-arrested-for-child-abuse-offences-124-may-7-2024-124-port-macquarie-news.jpg)
_australian-gun-laws-transporting-firearms-in-a-vehicle-queensland.jpg)
_a-judge-has-slammed-the-state39s-gun-laws-over-a-man-was-behind-bars-for-toy-guns-124-7news.jpg)
_how-a-cashed-up-gun-industry-wants-to-change-australias-firearms-laws-124-four-corners.jpg)
_top-15-military-surplus-rifles-for-sale-right-now.jpg)
_pub-giant-jd-wetherspoon-reports-growth-over-the-past-three-months.jpg)
_do-9234gun-buybacks9234-work.jpg)
![[+]](/images/menu.gif){kind=small}