Discounts Make A Comeback As Shoppers Get Picky About Spending

By Brendan Case, Leslie Patton and Kim Bhasin / Bloomberg, Time
Sun, 08/27/2023 - 11:15am

U.S. shoppers are getting increasingly hesitant about shelling out for shoes, appliances and other nonessentials. That has more retailers and consumer-goods makers reaching for an old tool to pry open their wallets: promotions. Whirlpool Corp.’s revenue and earnings took a hit in the most recent quarter from discounts and special sales, which were rare during the pandemic as supply chains struggled to keep up with demand.

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Topics:  whirlpool   petco health    wellness co   foot locker inc    ldquo;with   foot locker chief financial officer mike baughn   sellers   u.s    january   niq    ldquo;people   telsey advisory group   cristina fernández   cfo adrian mitchell   macy&rsquo   abercrombie    fitch co   dick&rsquo   sporting goods inc    ldquo;this   lauren hobart   ulta beauty inc   ulta ceo dave kimbell   aug   retailers   jill campbell   walmart inc aldi   neutrogena   samsung   weight watchers   coleman   nike inc   gap   inc.&rsquo   sam&rsquo   value shoppers    ldquo;there’s   petco ceo ron coughlin   target   inventories    ldquo;instead    lsquo;ok   gabriella santaniello   a-line   partners    with   olivia rockeman   jeannette neumann   katrina   compoli   i   corp    ldquo;the   ibotta   walmart   the   deals   sales   customers   demand   told   return   call   year   consumer   quarter   levels   analysts   supply   pressure   expect   cash   ldquo;we   ndash   clear   strong   brands   lot   years   week   
BING NEWS:
  • It was a strong week for retail earnings. That doesn't spell a consumer comeback
    If there’s one takeaway from the largest U.S. retailers over the last few weeks, it’s that shoppers are still spending — but being far more selective.
    05/31/2024 - 8:09 am | View Link
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