Rising Costs Impact Consumer Choices: McDonald's and Fast Food Chains Feel the Pinch
Wednesday, 7 August 2024, 10:05
US Consumers Shift Away from Fast Food
Despite decreasing inflation, US consumers are distancing themselves from fast food chains and food manufacturers.
Impact on Fast Food and Luxury Brands
- Fast food chains face declining sales as even higher-income groups practice frugality.
- Brands like Mondelēz and General Mills are also feeling the effects.
- Even luxury brands, such as Louis Vuitton, are impacted by changes in shopping habits.
Conclusion
The shift in consumer behavior signifies a fundamental change in spending patterns, driven by economic pressures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.