Summer 2024: State of Retail and Consumer Demand

Shelf Life: Expert Voices from the Consumer Goods Industry

Consumers are behaving weirdly. Retailers are responding.

In this special bonus episode, our hosts, Joel Beal and Logan Ensign, dive deep into the latest earnings reports and economic trends. Joel, a recovering economist, brings his expertise to decode the complex relationship between consumer spending, inflation, and market reactions. Discover why higher-income consumers are still splurging, the hidden dynamics of retail pricing and shrinkflation, and which retail sectors are poised to thrive.

If you're keen to understand the economic forces shaping the retail landscape, this episode is a must-listen. Join us for an enlightening conversation that sheds light on what to expect in the second half of the year.

In this episode, you’ll learn about:

• Understanding consumer spending patterns and market reactions can help you navigate these uncertain times and spot opportunities ahead of the curve
• Expect negotiations with suppliers to become tougher, with many retailers pushing for lower prices
• Don’t underestimate the power of private-label products - they offer a way to provide cost-effective consumer options while maintaining control over pricing

Jump into the conversation:

00:00 People are waiting for economic downturn after a long period of prosperity
05:49 Economic data affects markets, rate cuts expected
09:06 Inflation flat, retailers cutting prices for consumers
12:33 Shifts in consumer shopping patterns
13:58 Why and how some brands are now targeting higher-income buyers

Chapters

1. Summer 2024: State of Retail and Consumer Demand (00:00:00)

2. State of Consumer Spending Economy (00:00:01)

3. Retailer Strategies for Consumer Spending (00:09:07)