Trevor Chapman
Coverage of Trevor Chapman in the Nexus archive.
- From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
U.S. consumers are adjusting spending habits in response to higher fuel prices and inflation, with retailers noting reduced gasoline purchases and fewer visits to clothing and furniture stores. Companies like Walmart, Costco, and Dollar General report customers buying less fuel per trip and relying on wholesale clubs for cheaper gas, while convenience stores face declining sales due to the price surge.
- Consumers look resilient on the surface, but $4 gas was a tipping point and Costco members are filling up more often in case prices go even higher
U.S. consumers are adjusting spending habits amid rising gas prices, with Costco members filling up more frequently to avoid higher costs. Retailers like Walmart and Dollar General report resilience in spending but note cutbacks among lower-income customers, while fuel purchases at wholesale clubs show signs of stress as shoppers buy less per trip.
- From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
U.S. consumers are adjusting spending habits amid rising fuel prices and inflation, with retailers noting reduced gasoline purchases and fewer visits to clothing and furniture stores. Executives from Walmart, Costco, and other retailers report lower-income customers are cutting back, while economists warn of broader financial strain as tax refunds expire and prices for essentials rise.