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Wealthy Shoppers

All articles tagged with #wealthy shoppers

business1 year ago•5 min saved

Walmart Attracts Wealthy Shoppers, Boosts Earnings Outlook

Walmart is attracting wealthier customers, with households earning over $100,000 contributing significantly to its recent sales growth. The retailer's success is attributed to its convenience, expanded product offerings, and "dupe" products—affordable versions of luxury items. This strategy has made Walmart appealing to higher-income shoppers, traditionally associated with Amazon and Target. Despite this shift, Walmart maintains its core focus on affordability, differentiating itself from Target, which appeals to a slightly wealthier demographic with stylish, high-quality apparel.

via Fortune|

#business #dupes #e-commerce

business1 year ago•2 min saved

"Dollar Tree Implements $7 Price Cap on Select Items"

Dollar Tree is raising the price cap on its products to $7, with plans to eventually sell items for $10, in response to an increase in wealthier shoppers visiting its stores. The company saw a surge in customers with household incomes over $120,000, prompting the decision to expand its multi-price assortment. This marks a significant departure from its traditional dollar store concept, as it aims to cater to a wider range of consumers and capitalize on the influx of wealthier clientele.

via Daily Mail|

#business #consumer-behavior #dollar-tree

business2 years ago•4 min saved

Luxury Beauty Brands Cater to High-End Consumers with Premium Products

Companies are targeting wealthier shoppers by adding more premium items like designer body creams and services, even as inflation and a volatile economic environment persist. Retailers and consumer product companies are focusing on premium items amid an overall sales slowdown, with some companies unleashing a bevy of premium items in an attempt to grab consumers with more money to spare. However, this could leave fewer options for consumers with less money to spare. The gap between the haves and have nots has only gotten wider during the pandemic, with households with annual income of more than $156,000 accounting for around 38.3% of all retail spending last year, up from 37.5% in 2021.

via The Associated Press|

#business #economic-environment #inflation

business2 years ago•5 min saved

Luxury Brands Target High-End Consumers with Premium Products

Companies are targeting wealthier shoppers by adding more premium items like designer body creams and services, even as inflation and economic volatility continue. Retailers and consumer product companies are focusing on premium items amid an overall sales slowdown, with some companies like Walmart featuring high-end $90 creams in its beauty aisles at select stores. However, this trend could leave fewer options for consumers with less money to spare, exacerbating economic inequality.

via Yahoo Finance|

#business #economic-inequality #inflation