Hasro news and trends

Consumers Pull Back on Spending; Companies Cut Costs

December 29, 2023
consumer checking prices in store
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Consumers Pull Back on Spending; Companies Cut Costs

December 29, 2023
Companies are reportedly facing the reality of limited pricing power as demand weakens and consumers become more price sensitive. This marks a shift from recent years, when companies across various industries enjoyed strong consumer spending and the ability to increase prices, CNBC reported Friday (Dec. 29). FedEx, Target, General Mills and Southwest are among the […]