Young adults are feeling the pinch – here’s how retailers are responding
Inside Retail
MAY 22, 2023
per cent on retail services for the 12 months to March, 2023. In contrast, spending for individuals under that age – and across the same categories – had declined by 8.4 She also said that there had been a change in consumer habits, whereby younger customers are tending to purchase products during promotional and sales periods.
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