Are consumers trading up or down? It depends upon whom you ask in the latest round of earnings calls, and both sides are right. With non-discretionary purchases still facing the squeeze, consumers continue to cut back on spending in dining out, clothing, toy and hobby, gifts, and entertainment, Sally Lyons Wyatt, Ciricana global EVP and chief CPG and foodservice advisor, tells CGT. Though the cuts are even more acute for consumers with student loans, things aren’t all doom and gloom in…
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P&G, PepsiCo, Nestle, Kimberly-Clark: Consumer Behavior Snapshot in a Bifurcated Market
