Costco CFO sounds alarm on consumer trend
Retailers could be in for a rough 2025.
Inflation in 2021 rose as Americans found themselves flush with stimulus funds at a time when supply chains were backlogged.
And while annual inflation isn’t nearly as elevated today as it was a few years ago, the effects of price increases linger.
In January, U.S. consumer spending fell for the first time in nearly two years. And as of late 2024, more than a third (35%) of consumers rated U.S. economic conditions as poor, according to Ibotta.
