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Inflation, Recession Fears Have Some Holiday Shoppers Trading Down
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Many shoppers are trading down to less expensive clothing and accessories—swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties—as inflation eats into their disposable income and a rocky stock market erodes their wealth.
The downshift raises concerns about the coming holiday season, historically a time when many people splurge on designer handbags, fine jewelry and other extravagant purchases for themselves or loved ones. Investors will get updates on shopping attitudes this week when Ralph Lauren Corp. , Michael Kors parent Capri Holdings Ltd. and Tapestry Inc., the owner of Coach, report their latest results.
Read more on wsj.comAbout this in other media
Fading Supply-Chain Problems Signal Season of Plenty for Holiday Shoppers wsj.com /1 year ago
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TON, TWT, CHZ and QNT breakout amid traders’ crypto contagion fears cointelegraph.com /1 year ago
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