All articles tagged with #luxury shopping
Originally Published 20 days ago — by Los Angeles Times
The article illustrates the K-shaped economy through contrasting holiday shopping behaviors in Los Angeles, where affluent consumers indulge in luxury stores like Ralph Lauren on Rodeo Drive, while lower-income families tighten budgets at grocery stores like Ralphs, highlighting the growing income disparity and its impact on consumer spending patterns.
Originally Published 2 months ago — by CNBC
Younger consumers, particularly Gen Z, are reducing their spending at fast-casual chains like Chipotle and Cava but are still investing in luxury items like Coach handbags, which has helped Tapestry beat earnings expectations and raise its full-year outlook. Despite some signs of decreased spending among younger demographics, Tapestry's focus on Gen Z has resulted in strong sales growth and high customer retention, contrasting with other brands facing declines in younger customer engagement. However, overall holiday spending plans among Gen Z are expected to decrease significantly compared to previous years.