Looking ahead: While the outlook for the UK’s economy is gloomy, affluent consumers are still spending, noted Bill Fisher, eMarketer principal analyst at Insider Intelligence. That could help some retailers weather the storm—assuming they can overcome supply chain challenges.
As lower- and middle-income households contend with squeezed budgets and the threat of a recession, retailers that can provide any sort of relief through discounts or enhanced value will benefit.
Go further: For more on the Era of Uncertainty, read our report here.