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Alvarez & Marsal’s Consumer Report Reveals Consumer Spending Trends for Spring 2024

Alvarez & Marsal’s latest consumer report reveals changing consumer spending trends for Spring 2024, providing valuable insights for retailers to adapt their strategies and offerings to meet evolving consumer needs.

The report sheds light on the changing consumer sentiment and spending patterns, especially among higher-income households, which can have significant implications for retailers and businesses. It highlights the need for retailers to recognize the cautious consumer mindset, adjust strategic priorities, and provide discounts and promotions across different categories. Additionally, the report offers valuable insights into consumer behavior, concerns about increasing prices, and vacation plans, which can help businesses adapt and tailor their offerings to meet the evolving consumer needs.