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retail trendsABC News
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81% Informative
Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money.
Well-heeled customers traded down to Walmart and Aldi .
Department stores struggled as buyers shopped online or at cheaper chains like H&M.
At least 22 restaurant chains filed for bankruptcy this year , the highest number since 2020 .
At the height of the coronavirus pandemic, U.S. consumers took advantage of low interest rates and stimulus benefits to remodel their homes and make other big purchases.
That’s been a challenge for retailers like Best Buy , which noted lower sales of appliances, home theaters and gaming equipment.
Department stores, particularly those catering to middle income shoppers, have struggled to hold onto customers.
VR Score
83
Informative language
82
Neutral language
38
Article tone
formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
40
Source diversity
2
Affiliate links
no affiliate links