Inflation is reshaping indulgence habits, with consumers swapping pricey restaurant desserts for store-bought or homemade options, causing a notable decline in dessert sales across dining segments. Meanwhile, alcohol consumption is shifting toward affordable options in a similar fashion.
An estimated 157.2 million consumers plan to shop Super Saturday this year, up from last year’s 141.9 million, according to a recent report. These shoppers present retailers a key opportunity to win beyond the season.
Buy-now-pay-later services are surging in popularity, with Adobe projecting $18.5 billion in holiday purchases this year. While retailers benefit from increased sales and lower fees compared to credit cards, experts warn that BNPL poses risks if not carefully regulated.
Consumers are reshaping retail by prioritizing convenience, with Millennials driving trends like smaller store formats. Meanwhile, shifts in spending patterns reveal a preference for luxury or value over mid-priced options.
