( ) -q-26- UNDATED (Correspondent Jeremy House) “and eating landscape.” Value was in vogue in 2024. [CutID: <Cuts> VALUE-SEEKERS-2024-house-q-MONam.mp3 Time: 26s Title: VALUE-SEEKERS-2024-house-q-MONam Out-cue: and eating landscape] TAG: Correspondent Jeremy House reporting. Consumer research company Coresight Research tracked 48 retail bankruptcies as of Dec. 20 compared with 25 last year. And at least 22 restaurant […]
Audio
Value-seekers drove 2024’s retail trends and dead ends
( ) -q-26- UNDATED (Correspondent Jeremy House) “and eating landscape.”
Value was in vogue in 2024.
[CutID: <Cuts> VALUE-SEEKERS-2024-house-q-MONam.mp3
Time: 26s
Title: VALUE-SEEKERS-2024-house-q-MONam
Out-cue: and eating landscape]
TAG: Correspondent Jeremy House reporting. Consumer research company Coresight Research tracked 48 retail bankruptcies as of Dec. 20 compared with 25 last year. And at least 22 restaurant chains — including Red Lobster and TGI Fridays — filed for bankruptcy, the highest number since 2020.
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VERBATIM: Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices. Well-heeled shoppers traded down to Walmart and Aldi. Diners opted for fast food or home cooking instead of sit-down restaurants. Department stores struggled as people shopped online or at less-expensive chains like H&M. The behavior shifts changed the buying and eating landscape.