US shoppers are cutting back on spending as concerns about the economic outlook increase. This trend reflects a broader sentiment among consumers who are becoming more cautious about their financial futures. The reduction in spending could have significant implications for retailers and the overall economy, as consumer spending is a major driver of economic growth. As shoppers tighten their budgets, businesses may need to adapt by offering more value-oriented products and services to maintain customer loyalty and sales volumes.
— news from Financial Times
