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CEO NA Magazine > Opinion > Consumers still spending on in-demand items

Consumers still spending on in-demand items

in Opinion
Consumers still spending on in-demand items
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While U.S. consumers have been tightening their wallets following a summer of “revenge spending,” it seems that purchasing well-made and in-style items is still completely on trend.

Retailers like Abercrombie & Fitch, which has markedly improved its clothing offerings in recent years, experienced a 16% jump in sales last quarter amid an overall sluggish retail market.

Likewise, perennially popular luxury sportswear company Lululemon grew 11% in sales last quarter.

Though Americans may be turning away from buying non essential items, it looks like trendy items are still considered well worth the price.

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