Consumers Prioritize Essential Shopping
May 10, 2023
Consumers are spending more on priority expenses such as auto and shopping purchases over non-essential purchases, such as entertainment, gym memberships, and beauty purchases, says a consumer trend report from Gravy Analytics.
It found that foot traffic increased at automobile, shopping, banking, and finance venues. However, it decreased significantly within the restaurant, entertainment, and transportation categories. The data indicates that consumers are being selective about which purchases to prioritize over others.