Shafaqna English– Weak sales at Walmart, contrasted with Home Depot’s success among cost-conscious DIY shoppers, suggest that middle‑income Americans are becoming more careful with their money, while affluent consumers continue to spend on premium brands like Ralph Lauren.
According to recent earnings releases from supermarkets, hardware stores, restaurants, and high‑end brands, shoppers are funneling most of their money into essential goods and delaying large‑scale home projects, though they continue to allow themselves affordable treats and the occasional luxury purchase.
Source: Reuters