A table at your favourite fashion boutique is becoming a hot reservation as brands look to offer a taste of ‘affordable luxury’ - and tap into a new market
While 94% of consumer respondents globally remain concerned about the cost of living, almost 89% are also concerned about climate change, according to the 13th edition of the EY Future Consumer Index (FCI), which surveyed more than 22,000 consumers across 28 countries.
Product affordability is now the leading concern for more than a third (35%) of consumers around the world, the latest edition of the EY Future Consumer Index h.
- Festive decorations and long-distances trips the first to go:
• 55% of consumers plan to spend less on non-essential goods and services
• 37% of Canadians