How spending patterns at large retailers like Walmart, Target, Best Buy and more are changing in our inflationary economy.

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Key takeaways:

👉 Spending insights from WalMart, Dollar General, Dollar Tree, Dick’s, Foot Locker, Target, Lowes, Home Depot, Abercrombie, Macy’s, Nordstrom, Best Buy, Tapestry and Capri.

👉 Consumer spending less on discretionary items.

👉 Consumer trends show spenders are usually coming in to be specific food items (with a lean towards private label items over name brand in attempts to cut cost), and leaving with a smaller basket than before.

👉 Large purchases that were generally being made during the pandemic have slowed down.

👉 High-End/Aspirational consumers are buying less of those high-priced items in the retail space according to data from Tapestry.

👉 We're curious to see how student loan repayment resuming affects spending.

👉 Best Buy mentioned credit card delinquencies are getting back to a more normalized level.

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Eckman Wealth Management, LLC is a registered investment advisor in the States of Arizona, California, Colorado, Kansas, Louisiana, Missouri, New York, Texas and Washington. Eckman Wealth Management, LLC does not render, or offer to render personalized financial, investment, and/or tax advice through the Eckman Wealth Management YouTube channel. While the professionals featured are registered financial advisors, the information presented is not intended to constitute an investment recommendation for, or advice to, any specific person.

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