_retailers-to-slash-prices-to-combat-inflation39s-squeeze-on-consumer-spending.jpg "Retailers to Slash Prices to Combat Inflation's Squeeze on Consumer Spending from 44 mincobracommanda 14 ago Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 230K times
✓ Published: 07-May-2024
👁 View: 230K times
✓ Published: 07-May-2024
Description:
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Retailers have announced price cuts on thousands of products in recent weeks in an effort to entice consumers to spend more. Inflation has pushed prices 20-30% higher than a year ago while incomes have failed to keep up. Discretionary spending on non-essential items has slowed, so retailers are hoping price cuts will convince consumers to purchase more optional items. Overall retail sales in March rose only 0.7% month-over-month, a slower pace than in February. Consumer spending, which drives two-thirds of the US economy, has weakened as higher prices cut into household budgets.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_nightwatch-demons-are-forever-movie-clip-what39s-the-job.webp "Nightwatch Demons Are Forever Movie Clip - What's The Job? <br/><br/>Plot synopsis: When Emma decides to take on a night job doing night watch at The Forensics, old trauma arises. Is she about to find out what went down 30 years ago? <br/><br/>Don't miss NIGHTWATCH: DEMONS ARE FOREVER, premiering Friday, May 17th on Shudder.")
_european-businesses-celebrate-20-years-of-eu-expansion.webp "Much of the debate about the benefits of EU enlargement 20 years ago has focused on its political and social elements. But how do business leaders in the ten countries that joined in May 2014 view their situation?")
_hundreds-flock-to-clarkson39s-farm-after-new-series-release.webp "Hundreds of people flocked to Diddly Squat Farm following the new series of the hugely popular Clarkson's Farm.<br/><br/>Huge crowds swarmed the farm which rose to fame in the Amazon Prime Video show after Jeremy Clarkson, 64, bought 1,000 acres of land in Oxfordshire.<br/><br/>As the third series premiered last night, queues were seen on Saturday wrapping around the shop and along the car park in the Bank Holiday sunshine.<br/><br/>One staff member said it is the busiest they’ve been since last summer.<br/><br/>The car park was declared full by 1pm with many vehicles being turned away.<br/><br/>Avid watchers of the show descended on the former Top Gear star's newest venture from the United States, Wales and Germany to celebrate the new release.<br/><br/>Anna, Sarah and Remi, originally from Minnesota, have travelled to Clarkson’s Diddly Squat Farm today for Remi’s birthday.<br/><br/>One of the girls joked: \")
_jurors-in-trump-hush-money-trial-hear-recording-of-pivotal-call-on-plan-to-buy-affair-story.webp "Jurors in Trump hush money trial hear recording of pivotal call on plan to buy affair story<br/><br/>Jurors in the hush money trial of Donald Trump hears a recording Thursday, May 2, 2024, of him discussing with his then-lawyer and personal fixer, Michael Cohen, a plan to purchase the silence of Playboy model Karen McDougal who said she had an affair with the former president. Though the recording surfaced years ago, it is perhaps the most colorful piece of evidence presented to jurors so far to connect Trump to the hush money payments at the center of his criminal trial in Manhattan. <br/><br/>Photos by AP<br/><br/>Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br/>Visit our website at https://www.manilatimes.net <br/> <br/>Follow us: <br/>Facebook - https://tmt.ph/facebook <br/>Instagram - https://tmt.ph/instagram <br/>Twitter - https://tmt.ph/twitter <br/>DailyMotion - https://tmt.ph/dailymotion <br/> <br/>Subscribe to our Digital Edition - https://tmt.ph/digital <br/> <br/>Check out our Podcasts: <br/>Spotify - https://tmt.ph/spotify <br/>Apple Podcasts - https://tmt.ph/applepodcasts <br/>Amazon Music - https://tmt.ph/amazonmusic <br/>Deezer: https://tmt.ph/deezer <br/>Tune In: https://tmt.ph/tunein<br/> <br/>#TheManilaTimes <br/>#worldnews <br/>#donaldtrump")
⏲ 0:44 👁 8M
_korea39s-5-richest-billionaires-2024.webp "Although South Korea’s benchmark Kospi index was one of the worst performers in Asia last year, it rebounded in 2024 fueled by investor frenzy over AI and the government’s $470 billion plan with the private sector to make the country a global chip production hub. The Kospi’s 11% rise, since we last measured fortunes 12 months ago, lifted the collective net worth of the country’s 50 richest to $115 billion from $106 billion.<br/><br/>This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, annual reports, analysts, government agencies and other sources. Net worths were based on stock prices and exchange rates as of the close of markets on April 2, 2024 and private companies were valued based on similar companies that are publicly traded. Real-time net worths on Forbes.com may reflect different valuations. The ranking lists both individual and family fortunes, including those shared among relatives and may differ from the World’s Billionaires List, which includes individual fortunes with net worths as of March 8. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country. The editors reserve the right to amend any information or remove any listees in light of new information.<br/><br/>Read the full story on Forbes: https://www.forbes.com/lists/korea-billionaires/?sh=745f04012222<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_a-boston-cop-killer-or-a-victim-of-framing-what-to-know-about-karen-reads-murder-trial.webp "The trial of a woman charged in the death of her Boston police officer boyfriend is set to begin. Forty-four-year-old Karen Read of Mansfield is facing charges including second degree murder in the death of Officer John O’Keefe during a nor’easter more than two years ago.")
⏲ 2:5 👁 1.5M
_92.webp "A mum who quit her air hostess job to work with dogs has launched her latest venture - an ice cream van exclusively for pooches.<br/><br/>Emmie Stevens, 36, opened Poochies Pupsicles on March 31 - and says business is booming.<br/><br/>Based in south London, she is making the van available for hire - and is planning to hit the road this summer.<br/><br/>Emmie, a mum-of-one, left her cabin crew role 15 years ago to work as a groomer after realising dogs were her \")
_10-best-times-star-wars-appeared-in-other-movies.webp "Not very long ago, in a bunch of famous, non-Star Wars movies...")
_nightwatch-demons-are-forever-movie-clip-what39s-the-job.jpg)
_european-businesses-celebrate-20-years-of-eu-expansion.jpg)
_hundreds-flock-to-clarkson39s-farm-after-new-series-release.jpg)
_jurors-in-trump-hush-money-trial-hear-recording-of-pivotal-call-on-plan-to-buy-affair-story.jpg)
_korea39s-5-richest-billionaires-2024.jpg)
_a-boston-cop-killer-or-a-victim-of-framing-what-to-know-about-karen-reads-murder-trial.jpg)
_92.jpg)
_10-best-times-star-wars-appeared-in-other-movies.jpg)
![[+]](/images/menu.gif){kind=small}